The effective interest rate of 15% (change number) interest rate compounded quarterly is: |
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The effective interest rate of 15% (change number) interest rate compounded quarterly is: Selected Answer: 15.87%...
What simple interest rate, compounded quarterly, is equivalent to a 8.70% effective interest rate? (Note: present your answer in percentage form with 2 decimal places) show steps, be clear, will rate
Find the effective rate of interest corresponding to a nominal rate of 6%/year compounded annually, semiannually, quarterly, and monthly. (Round your answers to two decimal places.)
Find the effective annual interest rate (EAR) for each of the following: 4.00 percent compounded quarterly. (Round answer to 2 decimal places, e.g. 15.25%.) Effective annual rate % 4.80 percent compounded monthly. (Round answer to 2 decimal places, e.g. 15.25%.) Effective annual rate% 6.50 percent compounded semiannually. (Round answer to 2 decimal places, e.g. 15.25%.) Effective Annual Rate % 4.50 percent compounded daily. (Round answer to 2 decimal places, e.g. 15.25%. Use 365 days for calculation.) Effective Annual Rate %
3. Effective/Nominal Interest (5 points) Given a nominal annual interestrate of 15%, compounded quarterly, calculate the effective annual interest to two decimal places (e.g.. 6.78%).
What is the effective annual rate for a simple rate of 10%, compounded semiannually? Compounded quarterly? Compounded daily?
John Riviera deposits $14,000 in National Bank at 8% compounded quarterly. What is the effective rate (APY) of interest? (round answer to the nearest hundredth)
What effective interest rate per year, compounded continuously, is equivalent to a nominal rate of 15% per year? Express your answer as a %.
A certificate of deposit pays 4 % interest compounded quarterly. What effective interest rate does the CD pay? Round to the nearest tenth when necessary.
What is the effective annual interest rate equivalent of a nominal rate given as 12% compounded quarterly?
What is the Effective Annual Rate (EAR) of 8.5%, compounded quarterly? Express your answer as a percentage, round to 2 decimal places and do not enter any symbols such as $, % or Interest of $383 was charged on a loan of $8,599 for 5 months. What simple annual rate of interest, expressed as a percentage, was charged on the loan? Round your answer to 2 decimal places and do not enter any symbols such as $, % or commas....