Question

Find the equivalent interest rates to the given nominal interest rates. a. Nominal interest rate compounded quarterly that is
Brian invested $210,000 to purchase a home. After 13 years, he sold the home for $280,000. Calculate the effective interest r
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Calculate the effective interest rate for each of the following nominal interest rates: a. 2.1% compounded quarterly. 0.00 %
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If an investment grew to $14,500 in 2 years and the interest amount earned was $950, calculate the nominal interest rate comp
Question 7 of 7 How long did it take for an investment of $26,250 to grow to $35,000 at 3.39% compounded semi-annually? 0 yea

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Answer #1

1.
=((1+7.5%)^(1/4)-1)*4=7.29784043942798%

2.
=((1+8%/4)^(4/12)-1)*12=7.94725147213562%

3.
=((1+6.5%)^(1/12)-1)*12=6.3140331322173%

4.
=(280000/210000)^(1/13)-1=2.23760613439847%

5.
=((28950.66/26000)^(1/45)-1)*12=2.86999894114048%

6.
=(1+2.1%/4)^4-1=2.11659545721912%

7.
=(1+2.1%/12)^12-1=2.12033087180834%

8.
=((1+4.29%/4)^(4/2)-1)*2=4.31300512500004%

9.
=((14500/(14500-950))^(1/8)-1)*4=3.40249477469508%

10.
=1/2*LOG(35000/26250)/LOG(1+3.39%/2)=8.55791587378254
8 years and 6.695 months

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