What is the effective annual interest rate equivalent of a nominal rate given as 12% compounded quarterly?
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What is the effective annual interest rate equivalent of a nominal rate given as 12% compounded...
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.
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 show work. Thanks. 4. Given an effective annual interest rate of 12%, what is the nominal interest rate compounded quarterly? A) 11.5 B) 12.0 C) 12.4 D 12.5
Please show work. Thanks. 4. Given an effective annual interest rate of 12%, what is the nominal interest rate compounded quarterly? A) 11.5 B) 12.0 C) 12.4 D 12.5
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%).
a. If you are told that your effective annual interest rate is 10%, what is the nominal interest rate compounded quarterly? b. What is the effective annual interest rate if the nominal interest rate is 7%, and the frequency of compounding is once a month? c. How much time would it take for your principal to quadruple if the effective annual interest rate is 5%, and the frequency of compounding is once a year?
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%.
Assume that nominal effective interest i(12) = .03. Find ? a) Annual effective interest rate i ? b) Monthly effective interest rate j ? c) Nominal interest rate i(52) compounded weekly. ? d) Nominal discount rate d(365) compounded daily.
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 %.