Homework Answers
As given data:-
Interest rate per 6 months = 8%
Interest rate per month = 8%/6 = 1.33333%
Effective interest rate per quarter = (1.0133333)^3 - 1 = 4.054%
This is the required solution.
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2. What nominal annual interest rate compounded monthly is equivalent to an effective annual interest rate of 8% per year for the first 10 years followed by a nominal annual interest rate of 5% compounded daily for the second 10 years? Give your answer as a percent rounded to three decimal places. Answer:
please solve this question in details as the hidden part is “compounded monthly” . Question :...
please solve this question in details as the hidden part is
“compounded monthly” .
Question : 4.9 For a Federal credit Union that offers as
interest rate of 8% per year, compounded monthly, determine the
nominal per 6 months .
For a Federal Credit Union that offers an interest rate of 8% per year, ly, deter- mine the nominal rate per 6 months.
its all one big question. Find the equivalent interest rates to the given nominal interest rates....
its
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Find the equivalent interest rates to the given nominal interest rates. a. Nominal interest rate compounded quarterly that is equivalent to an effective interest rate of 7.5% 0.00 % Round to two decimal places b. Nominal interest rate compounded monthly that is equivalent to 8% compounded quarterly 0.00 % Round to two decimal places c. Nominal interest rate compounded monthly that is equivalent to 6.5% compounded annually 0.00 % Round to two decimal places Brian...
please explain how to solve it How much money will be in an account in 5...
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please answer both questions D Question 8 4 pts The effective interest per quarter when the...
please answer both questions
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Can you please explain the equation you use, I am having trouble understanding which ones to...
Can you please explain the equation you use, I am having
trouble understanding which ones to use and why.
Problem 5: Betty and Bob are interested in borrowing money for 4 years as per compound interest. They have shopped around and have found the following plans: Plan 1: 8% per annum continuously compounded for the first year and 9% per annum continuously compounded for the next 3 years. Plans 2: 10% per annum continuously compounded for the first 18 months...
I need 17-30!! Calculate the yearly interest rate if an investment is paid 1.75% interest every...
I need 17-30!!
Calculate the yearly interest rate if an investment is paid 1.75% interest every two months 17 2.18 Calculate the interest rate per interest period if the yearly interest rate is 13% and the number of interest periods per year is three. 2.19 Calculate the number of interest periods per year if the yearly interest rate is 15% and the interest rate per interest period is 2.5% 2.20 Calculate the yearly interest rate if there are 12 interest...
PLEASE SOLVE 6 TO 10 QUESTIONS Question 6: Determine the discounted value now of $7000.00 due...
PLEASE SOLVE 6 TO 10 QUESTIONS
Question 6: Determine the discounted value now of $7000.00 due in forty-four months at 6.5% compounded quarterly Question 7: Two debt payments, the first in the amount of $3450.00 due today, and the second in the amount of $2700.00 due in 10 months with interest at 9.6% p.a. compounded quarterly, are to be settled by a payment of S4400.00 nine months from now and a final payment in 21 months. Determine the size of...
please help to do 6 8 9 thank u soooo much 6. If you invest $4700...
please help to do 6 8 9 thank u soooo much
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if you could solve #9 and #10 it would be much appreciated 9. An interest rate...
if you could solve #9 and #10 it would be much
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9. An interest rate of 10 % per month is closest to A. 12% per month effective rate B. 25% per quarter effective rate C 214% per year effective rate D None of the above John invested $1000 a year ago with a negotiated interest rate. He believes that his $1000 investment will become $1350 five years from now. John's negotiated interest rate is closest to? 10. 1350...
2. What nominal annual interest rate compounded monthly is equivalent to an effective annual interest rate of 8% per year for the first 10 years followed by a nominal annual interest rate of 5% compounded daily for the second 10 years? Give your answer as a percent rounded to three decimal places. Answer:
please solve this question in details as the hidden part is
“compounded monthly” .
Question : 4.9 For a Federal credit Union that offers as
interest rate of 8% per year, compounded monthly, determine the
nominal per 6 months .
For a Federal Credit Union that offers an interest rate of 8% per year, ly, deter- mine the nominal rate per 6 months.
its
all one big question.
Find the equivalent interest rates to the given nominal interest rates. a. Nominal interest rate compounded quarterly that is equivalent to an effective interest rate of 7.5% 0.00 % Round to two decimal places b. Nominal interest rate compounded monthly that is equivalent to 8% compounded quarterly 0.00 % Round to two decimal places c. Nominal interest rate compounded monthly that is equivalent to 6.5% compounded annually 0.00 % Round to two decimal places Brian...
please explain how to solve it
How much money will be in an account in 5 years if $10,000 is deposited now at an interest rate of 1% per month? Use three different interest rates: (a) monthly, (b) quarterly , and (c) yearly. (a) For monthly rate, 1% is effective [n= (5 years)x(12 CP per year = 60] F = 10,000(F/2,1%,60) = $18,167 months % i and n must always have effective i per month J same time units (b)...
please answer both questions
D Question 8 4 pts The effective interest per quarter when the nominal rate is 9% compounded monthly is: a) 7.38% b) 4.05% c) 5.35% d) None of the above. b) 4.05% Question 9 4 pts Which of the following statements could invalidate the analysis when using net present worth calculations to compare two alternatives? a) Evaluating over two different time periods. b) Difference in the size of the alternatives. c) Mutually exclusive projects. d) Using...
Can you please explain the equation you use, I am having
trouble understanding which ones to use and why.
Problem 5: Betty and Bob are interested in borrowing money for 4 years as per compound interest. They have shopped around and have found the following plans: Plan 1: 8% per annum continuously compounded for the first year and 9% per annum continuously compounded for the next 3 years. Plans 2: 10% per annum continuously compounded for the first 18 months...
I need 17-30!!
Calculate the yearly interest rate if an investment is paid 1.75% interest every two months 17 2.18 Calculate the interest rate per interest period if the yearly interest rate is 13% and the number of interest periods per year is three. 2.19 Calculate the number of interest periods per year if the yearly interest rate is 15% and the interest rate per interest period is 2.5% 2.20 Calculate the yearly interest rate if there are 12 interest...
PLEASE SOLVE 6 TO 10 QUESTIONS
Question 6: Determine the discounted value now of $7000.00 due in forty-four months at 6.5% compounded quarterly Question 7: Two debt payments, the first in the amount of $3450.00 due today, and the second in the amount of $2700.00 due in 10 months with interest at 9.6% p.a. compounded quarterly, are to be settled by a payment of S4400.00 nine months from now and a final payment in 21 months. Determine the size of...
please help to do 6 8 9 thank u soooo much
6. If you invest $4700 into an account that pays 4.3% interest rate compounded continuously, find (a) the future value after 9 years, (b) the effective rate, and (c) the time to reach $10,000. Round all values to the nearest hundredth. 7. June made an initial deposit of $ 2100 in an account for her son. Assuming an interest rate of 2% compounded quarterly, how much will the account...
if you could solve #9 and #10 it would be much
appreciated
9. An interest rate of 10 % per month is closest to A. 12% per month effective rate B. 25% per quarter effective rate C 214% per year effective rate D None of the above John invested $1000 a year ago with a negotiated interest rate. He believes that his $1000 investment will become $1350 five years from now. John's negotiated interest rate is closest to? 10. 1350...
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