explain how to do it step by step
Homework Answers
Add Answer to:
explain how to do it step by step
Chapter 4 practice quiz A certain savings and...
A certain savings and loan company advertises that is pays 6% nominal interest, compounded quarterly. What...
A certain savings and loan company advertises that is pays 6% nominal interest, compounded quarterly. What is the effective interest rate per annum? If you deposit $6000 now and plan to withdraw it in five years, how much would the account be worth at that time? (Hint: to find the effective interest rate, use the formula: (1 + r/M)M-1.)
Suppose a savings and loan pays a nominal rate of 3.9% on savings deposits. Find the...
Suppose a savings and loan pays a nominal rate of 3.9% on savings deposits. Find the effective annual yield if interest is compounded quarterly.
You deposit $3,000 at the end of the year (k = 0) into an account that pays interest at a rate of 7% compounded annually. A year after your deposit, the savings account interest rate changes to 1 2%...
You deposit $3,000 at the end of the year (k = 0) into an account that pays interest at a rate of 7% compounded annually. A year after your deposit, the savings account interest rate changes to 1 2% nominal interest compounded month y Five years after ur de o the savings account aga changes it interest rate this time e interest rate becomes 8% nominal interest compounded quarterly. Eight years after your deposit, the saving account changes its rate...
4) interest questions: (10 pts total) How much will be in your bank account at the...
4) interest questions: (10 pts total) How much will be in your bank account at the end of five years if you invest $5,000 now at 12% per annum, compounded annually? (1 pts) And what if the interest rate is 12% per annum, but compounded monthly? (1 pts) If you invest your $5,000 and want to have $10,000 in five years' time, what is the minimum yearly interest rate that will ensure that you have at least this much when...
You deposit $1,000 at the end of the year (k = 0) into an account that...
You deposit $1,000 at the end of the year (k = 0) into an account that pays interest at a rate of 6% compounded annually. Two years after your deposit, the savings account interest rate changes to 12% nominal interest compounded monthly. Five years after your deposit, the savings account again changes its interest rate, this time the interest rate becomes 8% nominal interest compounded quarterly. Eight years after your deposit, the saving account changes its rate once more to...
3. Nonannual compounding period The number of compounding periods in one year is called compoundi...
3. Nonannual compounding period The number of compounding periods in one year is called compounding frequency. The compounding frequency affects both the present and future values of cash flows An investor can invest money with a particular bank and earn a stated interest rate of 13.20%; however, interest will be compounded quarterly. What are the nominal, periodic, and effective interest rates for this investment opportunity? Interest Rates Nominal rate Periodic rate Effective annual rate You want to invest $19,000 and...
SHOW STEP BY STEP HOW TO SOLVE ANSWERS: 5-1 $4,051.10 5-2 $3,785.60 5-3 $10,874.74 5-4 4.00%...
SHOW STEP BY STEP HOW TO SOLVE
ANSWERS:
5-1 $4,051.10
5-2 $3,785.60
5-3 $10,874.74
5-4 4.00%
(5-1) If you deposit $2,600 dollars in an account today that pays 5.70% compound interest (compounded annually), how much will accumulate in the account at the end of eight years? (5-2) In the question above, how much will accumulate if the account pays simple interest rather than compound interest? (5-3) If you wish to accumulate $25,000 in twenty years, how much must you deposit...
Please provide step by step solutions to these problems and not just the answer. Only up...
Please provide step by step solutions to these problems and not
just the answer.
Only up to #23 is needed.
Math 342 16. Find the effective rate of interest corresponding to a nominal rate of 6%/year compounded 17. Find the present value of $41413 due in 5 years at an interest rate of 4.5%/year compounded 18. Find the payment R needed to amortize a loan of $22,000 at 3.5%/year compounded monthly 19. The manager of a money market fund has...
8. Chapter MC, Section .05, Problem 074 You deposit $825 today in a savings account that...
8. Chapter MC, Section .05, Problem 074 You deposit $825 today in a savings account that pays 6 % interest, compounded annually. How much will your account be worth at the end of 25 years? Oa $4,213.54 Ob. $3,965.69 Oc. $3,257.53 Od. $4,001.10 Oe. $3,540.79
You deposit $2,500 at the end of the year ( 0) into an account that pays interest at a rate of 7% compounded a...
You deposit $2,500 at the end of the year ( 0) into an account that pays interest at a rate of 7% compounded annually. Two years after your deposit, the savings account interest rate changes to 12% nominal interest compounded monthly. Five years after your deposit, the savings account again changes its interest rate this time the interest rate becomes 8% nominal interest compounded quarterly Nine years after your deposit, the saving account changes its rate once more to 6%...
You deposit $3,000 at the end of the year (k = 0) into an account that pays interest at a rate of 7% compounded annually. A year after your deposit, the savings account interest rate changes to 1 2% nominal interest compounded month y Five years after ur de o the savings account aga changes it interest rate this time e interest rate becomes 8% nominal interest compounded quarterly. Eight years after your deposit, the saving account changes its rate...
4) interest questions: (10 pts total) How much will be in your bank account at the end of five years if you invest $5,000 now at 12% per annum, compounded annually? (1 pts) And what if the interest rate is 12% per annum, but compounded monthly? (1 pts) If you invest your $5,000 and want to have $10,000 in five years' time, what is the minimum yearly interest rate that will ensure that you have at least this much when...
You deposit $1,000 at the end of the year (k = 0) into an account that pays interest at a rate of 6% compounded annually. Two years after your deposit, the savings account interest rate changes to 12% nominal interest compounded monthly. Five years after your deposit, the savings account again changes its interest rate, this time the interest rate becomes 8% nominal interest compounded quarterly. Eight years after your deposit, the saving account changes its rate once more to...
3. Nonannual compounding period The number of compounding periods in one year is called compounding frequency. The compounding frequency affects both the present and future values of cash flows An investor can invest money with a particular bank and earn a stated interest rate of 13.20%; however, interest will be compounded quarterly. What are the nominal, periodic, and effective interest rates for this investment opportunity? Interest Rates Nominal rate Periodic rate Effective annual rate You want to invest $19,000 and...
SHOW STEP BY STEP HOW TO SOLVE
ANSWERS:
5-1 $4,051.10
5-2 $3,785.60
5-3 $10,874.74
5-4 4.00%
(5-1) If you deposit $2,600 dollars in an account today that pays 5.70% compound interest (compounded annually), how much will accumulate in the account at the end of eight years? (5-2) In the question above, how much will accumulate if the account pays simple interest rather than compound interest? (5-3) If you wish to accumulate $25,000 in twenty years, how much must you deposit...
Please provide step by step solutions to these problems and not
just the answer.
Only up to #23 is needed.
Math 342 16. Find the effective rate of interest corresponding to a nominal rate of 6%/year compounded 17. Find the present value of $41413 due in 5 years at an interest rate of 4.5%/year compounded 18. Find the payment R needed to amortize a loan of $22,000 at 3.5%/year compounded monthly 19. The manager of a money market fund has...
8. Chapter MC, Section .05, Problem 074 You deposit $825 today in a savings account that pays 6 % interest, compounded annually. How much will your account be worth at the end of 25 years? Oa $4,213.54 Ob. $3,965.69 Oc. $3,257.53 Od. $4,001.10 Oe. $3,540.79
You deposit $2,500 at the end of the year ( 0) into an account that pays interest at a rate of 7% compounded annually. Two years after your deposit, the savings account interest rate changes to 12% nominal interest compounded monthly. Five years after your deposit, the savings account again changes its interest rate this time the interest rate becomes 8% nominal interest compounded quarterly Nine years after your deposit, the saving account changes its rate once more to 6%...
Most questions answered within 3 hours.
-
convert grams into vloume with the density of water being at
.997514 g/cm^3 at 23.1 Celsuis...
asked 2 hours ago -
Foreman company obtained a $20,000, 6% loan on May 1, 2018.
Principal and interest will be...
asked 2 hours ago -
5. Problem 11.05 (Discounted Payback)
eBook
Project L costs $60,000, its expected cash inflows are $14,000
per...
asked 2 hours ago -
1. Which of the following is true about politics and health
organizations?
A. Health organizations are...
asked 2 hours ago -
A space vehicle is coasting at a constant velocity of 18.1 m/s
in the +y direction...
asked 3 hours ago -
5) Use the following balanced equation to answer questions
(a)-(i).
3 Cu(s) + 8 HNO3(aq) →...
asked 3 hours ago -
A three-year maturity bond with a 12% annual coupon rate is
currently traded at par $1000...
asked 3 hours ago -
1.
What is the minimum volume to use in the Spec 20 cuvette in order
to...
asked 4 hours ago -
A builder wants to install wall-to-wall carpeting in a living
room of length 8.87 m and...
asked 4 hours ago -
Organizational change can produce anxiety in those affected by
the change. In what ways can change...
asked 4 hours ago -
Ozone in the atmosphere may react with nitric oxide.
From the following data, calculate the DG...
asked 4 hours ago -
Steven Long, a bond analyst, is analyzing a convertible bond.
The characteristics of the bond are...
asked 4 hours ago