A bank CD would give you 4.02% APR with quarterly compounding. What’s the quarterly interest rate...
A bank CD would give you 3.19% APR with monthly compounding what’s the interest rate compounding period for this CD
A bank CD would give you 3.68 APR with semi-annual compounding what’s the interest rate per compounding period for this CD?
Page 4 of 10 Question 4 (1 poirtb) A bank CD would give you 3.55% APR with rate per compounding period for this CD (assuming 365 days per year)? daily compounding. What's the interest Note: keep only the percentage points with decimals. For example, if you answer is 9.95%, type"9.95" into the answer box, and the "%" into the unit box (not necessary) Your Answer: Answer units D View hint for Question 4 Page 4 of 10
Bank One is offering a loan at a 9% nominal rate of interest, with quarterly compounding. Bank Two is offering an 8.7% nominal rate of interest with monthly compounding. What is the effective rate of interest for each of these loans? Which loan provides a better return?
Assume a bank offers an effective annual rate of 5.64%. If compounding is quarterly what is the APR? SHOW WORK
You deposit $9,821 in a CD with First Bank of Terlingua. The bank promises a fixed APR of 6.189% per year with monthly compounding. The CD has a life of 8 years. The interest is paid at the end of each month. Underlying assumptions: You leave the principal and interest in the account for the life of the CD rather than withdrawing it. • The bank stays solvent for this period (and thus can keep its promise to pay you)....
Assume a bank offers an effective annual rate of 7.12%. If compounding is quarterly what is the APR? Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434)) Please show all steps for better understanding! Thanks!
A bank offers a loan that will requires you to pay 8% (APR) interest compounded quarterly. Which of the following is closest to the EAR charged by the bank? Select one: o a. 14.46% o b. 8.24% c. 5.78% d. 8.68% O
Two banks offer a 10-year CD. Bank A's CD offers 5% yield with monthly compounding; while Bank B's CD offers 4.879% yield with daily compounding. Assume you're considering investing $5,000 in a CD. Which of the following is TRUE? Bank B's CD is preferable since it has a more frequent compounding period. Bank A's CD is preferable since it has a higher yield. At maturity, a $5,000 CD from both banks would be worth the same. At maturity, the CD...
Your grandmother asks for your help in choosing a certificate of deposit (CD) from a bank with a one-year maturity and a fixed interest rate. The first certificate of deposit, CD #1, pays 5.95 percent APR compounded quarterly, while the second certificate of deposit, CD #2, pays 6.00 percent APR compounded annually. What is the effective annual rate (the EAR) of each CD, and which CD do you recommend to your grandmother? If the first certificate of deposit, CD #1,...