Homework Answers
Effective Annual Yield = 3.90%
Daily Interest Rate = (1 + Effective Annual Yield)^(1/365) -
1
Daily Interest Rate = (1 + 0.0390)^(1/365) - 1
Daily Interest Rate = 1.000105 - 1
Daily Interest Rate = 0.000105 or 0.0105%
Annual Nominal Rate = 365 * Daily Interest Rate
Annual Nominal Rate = 365 * 0.0105%
Annual Nominal Rate = 3.833%
The annual nominal rate is 3.833%
Add Answer to:
What is the annual nominal rate compounded daily for a bond that has an annual yield...
You plan to apply for a loan from Bank of America. The nominal annual interest rate...
You plan to apply for a loan from Bank of America. The nominal annual interest rate for this loan is 13.30 percent, compounded daily (with a 365-day year). What is the effective annual rate, or EAR (annual percentage yield), of this loan? Round the answer to two decimal places in percentage form.
You plan to apply for a loan from Bank of America. The nominal annual interest rate...
You plan to apply for a loan from Bank of America. The nominal annual interest rate for this loan is 18.85 percent, compounded daily (with a 365-day year). What is the effective annual rate, or EAR (annual percentage yield), of this loan? Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box)
2. What nominal annual interest rate compounded monthly is equivalent to an effective annual interest rate...
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 interest rate compounded daily will yield an effective interest rate of 2%? A rate of...
What interest rate compounded daily will yield an effective interest rate of 2%? A rate of % compounded daily will yield an effective rate of 2%? (Round to two decimal places as needed.)
Calculate the bond equivalent yield and effective annual return on a jumbo CD that is 115...
Calculate the bond equivalent yield and effective annual return on a jumbo CD that is 115 days from maturity and has a quoted nominal yield of 6.56 percent. (Use 365 days in a year. Do not round intermediate calculations. Round your answers to 3 decimal places. (e.g., 32.161)) Bond equivalent yield Effective annual return
You plan to apply for a loan from Bank of America. The nominal annual interest rate for this loan is 15.31 percent, comp...
You plan to apply for a loan from Bank of America. The nominal annual interest rate for this loan is 15.31 percent, compounded daily (with a 365-day year). What is the effective annual rate, or EAR (annual percentage yield), of this loan? Please show work. I don't under how to use the ^ in the formula/equation.
You are considering an investment that has a nominal annual interest rate of 7.54 percent, compounded...
You are considering an investment that has a nominal annual interest rate of 7.54 percent, compounded semiannually. Therefore, the effective annual rate, or EAR (annual percentage yield) is_ Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box)
Solve all questions accordingly. Q1. What is the effective annual rate (yield) of 11% compounded monthly? Q2. An interest rate stated as nominal 11% compounded semi-annually is the same as ? per semi-annual . Q3. The yield is 8.16 % for a rate compo
Solve all questions accordingly.Q1. What is the effective annual rate (yield) of 11% compounded monthly?Format : 48.69Q2. An interest rate stated as nominal 11% compounded semi-annually is the same as ? per semi-annual .Format : 7Q3. The yield is 8.16 % for a rate compounding semi-annually. Calculate the nominal interest rate.Format : 7.33Q4. Meidrim has found her dream house. The house price is RM 360000 and the required downpayment is RM 72000. The loan that Meidrim has decided upon will...
What is the effective annual rate of a bond whose nominal rate is 7% compounded quarterly?
What is the effective annual rate of a bond whose nominal rate is 7% compounded quarterly?
2.30 For a 15 percent effective annual interest rate, what is the nominal interest rate if...
2.30 For a 15 percent effective annual interest rate, what is the nominal interest rate if (a) Interest is compounded monthly? (b) Interest is compounded daily (assume 365 days per year)? (c) Interest is compounded continuously?
You plan to apply for a loan from Bank of America. The nominal annual interest rate for this loan is 18.85 percent, compounded daily (with a 365-day year). What is the effective annual rate, or EAR (annual percentage yield), of this loan? Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box)
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 interest rate compounded daily will yield an effective interest rate of 2%? A rate of % compounded daily will yield an effective rate of 2%? (Round to two decimal places as needed.)
Calculate the bond equivalent yield and effective annual return on a jumbo CD that is 115 days from maturity and has a quoted nominal yield of 6.56 percent. (Use 365 days in a year. Do not round intermediate calculations. Round your answers to 3 decimal places. (e.g., 32.161)) Bond equivalent yield Effective annual return
You are considering an investment that has a nominal annual interest rate of 7.54 percent, compounded semiannually. Therefore, the effective annual rate, or EAR (annual percentage yield) is_ Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box)
2.30 For a 15 percent effective annual interest rate, what is the nominal interest rate if (a) Interest is compounded monthly? (b) Interest is compounded daily (assume 365 days per year)? (c) Interest is compounded continuously?
Most questions answered within 3 hours.
-
Consider testing the
hypotheses:
H0: p = 0.56
H1: p > 0.56
where p is
the...
asked 1 minute ago -
In a two-factor analysis of variance a main effect is defined as
____.
a. the unique...
asked 8 minutes ago -
A bank's loan officer rates applicants for credit. The ratings
are normally distributed with a mean...
asked 9 minutes ago -
Fill in the following information for Adipic Acid: molecular
weight, g or ml, mole, melting point,...
asked 14 minutes ago -
how
to use a for loop to iterate over the string below and print each
character...
asked 16 minutes ago -
Please type answer, Thanks.
Respond to the following in a minimum of 175
words:
Research industry...
asked 15 minutes ago -
Assume that all interest rates in the economy increase from 9
percent to 10 percent. Which...
asked 25 minutes ago -
Describe the function of a Change Control Board.
When calculating Planned Value (PV), what is the...
asked 31 minutes ago -
The customer help center in your company receives calls from
customers who need help with some...
asked 42 minutes ago -
A manufacturer wished to compare the wearing qualities of two
different types of automobile tires, A...
asked 40 minutes ago -
Write a MATLAB script file that will sum all the positive
entries in V and stop...
asked 49 minutes ago -
The objective of this assignment is to demonstrate an
understanding of key course concepts and reflect...
asked 51 minutes ago