4. Find the effective interest rate corresponding to the following stated rates: (a) 5% per year,...
1, Compute the effective rate of interest (APY) if the stated rate is 5% per year, o ompounded aemi- m 2 ( 1.015) 1-1 .0500625- 0 0 500 615 IreRE 5.00625% (b) compounded quarterly (c) compounded monthly (d) compounded daily 2. Find the present value of an investment worth $10000 in eight years, with interest rate 6% compounded monthly. 3, You have an opportunity to invest some money in an account earning 3% interest, compounded continuously. How much should you...
5. (Effective Annual Rate) Find the corresponding rates for: Ovo (a) 3% compounded monthly. 000.282 El sismos ON! (b) 18% compounded quarterly.
a. For an interest rate of 100% per year compounded continuously, calculate the effective daily, weekly, monthly, quarterly, semiannually, and annually interest rates. b. An investor requires an effective return of at least 12% per year. What is the minimum annual nominal rate that is acceptable for continuous compounding?
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 APR, or stated rate, in each of the following cases: a. An effective interest of 6% compounded semiannually b. An effective interest of 6% compounded monthly c. An effective interest of 10% compounded weekly d. An effective interest of 13% with continuous compounding
Find the interest rates in the following situations. a. APR-9%, compounded monthly. Find the effective annual interest rate. b. Nominal rate is 7% compounded quarterly. Find the effective semi-annual rate. c. The effective annual interest rate is 17.41% and compounding is monthly. Find the nominal interest rate. d. r = 5% and compounding is monthly. Find the effective quarterly interest rate. a. The effective annual interest rate is 9.4 %. (Round to one decimal place.)b. The effective semi-annual rate is _______ %. (Round to one...
an annual effective interest rate of 7%. Find the corresponding rates that are equivalent to this annual effective interest rate. Round all responses as Xxxx%. a.) Nominal semiannual interest rate
(1 point) What are the effective annual rates for an account paying an annual interest rate of 9% which is compounded: (a) annually? % (b) quarterly? % (c) daily (assuming there are 365 days in the year)? (d) continuously? % %
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.
An effective annual interest rate of 20 % is equivalent to a stated annual interest rate of compounded 4 times per year. Select one: a. 18% b. 17% c. 18.7% d. 19.2% e. 17.5%