Question 10 (1 point) Saved For an interest rate of 8% per year compounded continuously, the...
8? 8. An interest rate of 10% per year compounded continuously is the same as: C D a. Effective 12.683% per year compounded continuously. b. Effective 1.08% per month compounded continuously. c. Nominal 1% per month compounded continuously. d. Effective 10.517% per year compounded continuously. C
a. For an interest rate of 100% per year compounded continuously, calculate the effective daily, weekly, monthly, quarterly, semiannually, and annually interest rates. b. An investor requires an effective return of at least 12% per year. What is the minimum annual nominal rate that is acceptable for continuous compounding?
What effective interest rate per week, compounded continuously, is equivalent to a nominal rate of 10% per year? The effective interest rate per week is ______%. It wasn't 10.52%, 10.517%, 10.506%, 10.51%, 10.37%.
What effective interest rate per two-months, compounded continuously, is equivalent to a nominal rate of 10% per year? The effective interest rate per two-months is _______ %
What effective interest rate per year, compounded continuously, is equivalent to a nominal rate of 15% per year? Express your answer as a %.
If the nominal annual interest rate is 24% compounded continuously, then the effective interest rate per six-months is OA. (20.24 - 1) OB. (20.24 - 1) O C. 6x (20.02 - 1) OD. €0.04 - 1 O E. 20.12 - 1
8. Juan deposits $4,300 into a savings account that pays 6.9% per year, continuously compounded. What is the effective annual interest rate? Determine the value of his account at the end of four years. The effective annual interest rate is %. (Round to two decimal places.) The value of this account at the end of four years is $ (Round to the nearest dollar.)
4. Find the effective bimonthly interest rate equivalent to: (a) nominal annual interest of 9%, compounded 6 times per year; (b) nominal annual discount of 6%, compounded quarterly; (c) 1/2 nominal annual interest of 8%, compounded continuously.
First, the bond pays 113+6t per year for 10 years. Second, the interest rate is 8% compounded continuously. Round your answer to the nearest cent
An interest rate of 2% per month is the same as: O A) 24% per year B) A nominal 24% per year compounded monthly C) An effective 24% per year compounded monthly OD) Both ( a) and (b) Identify each of the following interest rate statements as either nominal or effective. V 12% per year compounded semiannually 0.1% per day compounded hourly 6% per year compounded annually 1. Nominal 4% per year 2. Effective 8% per year compounded monthly 1%...