An account that compounds interest daily has an annual percentage yield of 5.9%. What is the annual interest rate for the account? Round your answer to the nearest tenth of a percent.
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An account that
Round your answer to the nearest tenth of a percent.
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- A passbook savings account has a rate of 6%. Find the effective annual yield, rounded to the nearest tenth of a percent, if the interest is compounded monthly. The effective annual yield is _____%. Please show workAn account has a nominal rate of 6.6%. Find the effective annual yield, rounded to the nearest hundredth of a percent, with quarterly compounding, monthly compounding and daily compounding. How does changing the compounding period affect the effective annual yield?An account has nominal rate of 6.5%. Find the effective annual yield,rounded to the nearest hundredth of a percent, with quarterly compounding, monthly compounding, and daily compounding. How does changing the compounding period affect the effective annual yield?
- Your bank account compounds interest monthly and has an annual percentage rate of 24 percent. What is the effective annual rate?What would be the annual percentage yield for a savings account that earned $60.00 in interest on $1,000 over the past 365 days?if the nominal rate is 11.5% per year compounded continuously, what is the equivalent effective rate of interest per bi month
- Suppose a savings and loan pays a nominal rate of 2.3% on savings deposits. Find the effective annual yield if interest is compounded quarterly.Calculate the annual percentage yield of the following: an interest payment of 10% every two years.What is the effective annual rate (EAR) if your credit card charges you 10.45 percent compounded quarterly? Show your formula/calculation/explanation! Why is it different from annual percentage rate?
- Beautinator Cosmetics borrowed $152,300 from a bank for three years. If the quoted rate (APR) is 10.44 percent, and the compounding is daily, what is the effectiveannual rate (EAR)?Consider a long position of USD100 million in a par 10-year note. Payments are annual. Interest rates are at 6% and the volatility of changes in interest rates is 0.25% over the next month. Assuming normal distributions for yields, what is the monthly 99% yield changes? Calculate the VaR of the position.If a bank was offering a nominal rate of return of 12% compounded monthly, what is the annual effective rate?
