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)
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What simple interest rate, compounded quarterly, is equivalent to a 8.70% effective interest rate? (Note: present...
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:
What is the effective annual rate for a simple rate of 10%, compounded semiannually? Compounded quarterly? Compounded daily?
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 %
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....
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.)
What does it mean to say that interest is compounded daily? Assume a 365-day year. Compounded daily means the interest is compounded time(s) a year. х Find the compound interest and future value. Do not round intermediate steps. Round your answers to the nearest cent. Principal Rate Compounded Time $875 5% Annually 9 years The future value is $ and the compound interest is $ х 5 Find the compound interest and future value. Round your answers to the nearest...
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.
The interest rate on a $100,000 loan is 7.5% compounded quarterly. What quarterly payments will reduce the balance to $75,000 after five years? (Do not round intermediate calculations and round your final answer to 2 decimal places.) PMT $
uestion 18 (6 points) An interest rate of 4% per year compounded quarterly, is equivalent to what effective interest rate per year! 4.010% 1.000% 03.046% 4.060% Effective Interest Rate for Continuous Compounding! Select the best answer to the following multiple choice question Question 19 (6 points) For a nominalna rate 18% per year, the effective continuous rate per year is equal to: 19562x