A credit card has an APR of 32.47%, and its billing cycle is 30 days long. What is the credit card's periodic interest rate?

Q: Your local credit union is offering a certificate of deposit at 5% annual interest. What will be the…

A: Your local credit union is offering a certificate of deposit at 5% annual interest. We need to find…

Q: What is the annual percentage yield of 14% compounded quarterly? APY= _________%

A:

Q: What is the annual opportunity cost of a checking account that requires a $300 minimum balance to…

A:

Q: If you borrow $2,400 for 4 years at an annual interest rate of 6%, how much will you pay altogether?…

A: When the interest is simple, then the formula used is A=P(1+rt), where, A is the final amount, P is…

Q: Determine the equivalent effective interest rate of the 20% nominal interest compounding ona monthly…

A: Given, Nominal interest rate( i )=20% =0.2 n=12 ( i.e. monthly compounded in a year means 12…

Q: mple mteiest was eanmed of deposit earned an interest rate of %.

A: In this question, the concept of Simple Interest is applied. Simple Interest Simple interest is a…

Q: What is the annual percentage yield for an account with a nominal interest rate of 12%, compounded…

A: The formula for annual percentage yield is, APY = (1 + i/n)n – 1, where I is the nominal interest…

Q: Ask someone borrowing from a five-six ( Bumbay ) money lender. How much will be charged if you want…

A: Simple interest:              SI = PRT100 where P = principle            R= rate of interest…

Q: Determine the exact simple interest on P 5,000.00 for the period from June 10 2015 to November 21,…

A:

Q: What daily interest rate equals a quarterly interest rate of 8%? Give your answer as a decimal…

A: In this case we have to find out the interest rate using equivalence relationship so I'm providing…

Q: When calculating present value, the _____ the interest rate, the smaller the present value amount.

A: Answer When calculating present value, the _____ the interest rate, the smaller the present value…

Q: a) Determine the simple interest rate at which $10,000 will grow to $10,500 in 10 months.

A: Compound interest is the interest on the interest. When the interest is compounded, then the formula…

Q: Determine the exact simple interest on P150 000 for the period June 25, 2005 to September 2, 2006,…

A: When the interest is simple, the formula that to be used is I=Prt, where I is the simple interest, P…

Q: Find the effective rate of Interest that is equivalent to an 7% rate compounded monthly. O 7.20 % O…

A: Given: i=7%=0.07 which is compounded monthly so n=12

Q: Find the effective rate of interest.; For 6% compounded monthly

A:

Q: A) if you deposit 4000$ into an account paying 6% annual compound interest monthly, how much will be…

A: As per the company guidelines i am solving the first question please resubmit the question for…

Q: What is the annual percentage yield of 5% compounded quarterly?

A:

Q: A bond has a $11,000 face value, a 6-year maturity, and a 2.9% coupon. Find the total of the…

A: solutionGiven principle(p)=$11,000Rate=2.9%=0.029timet=6

Q: Suppose that a savings account pays an effective rate of interest of 11 percent. What is the…

A: Interest rate =11%

Q: What is the simple interest on P125, 000 at 8 3/4 % for 36 months?

A: Solution

Q: What is the annual percentage yield of 14% compounded monthly? APY= ________  %

A: Solution: In the given we have to find the annual percentage yield of 14% compounded monthly.

Q: Complete the table.  Interest  Principal  Rate  Time (Days)  P300  P30,000  8%    P450…

A:

Q: If you deposit $100 in a bank account that yields an annual percentage rate (APR) of 6%, what will…

A: From the given information, the deposit amount is $ 100.Percentage rate is 6% or 0.06.

Q: the yield to maturity for uired rate of return is 1:

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Q: If the billing cycle length for a credit card is one calendar month, which month of the year has the…

A: The billing cycle length of credit card is one calendar month i.e. monthly In January the number of…

Q: How many interest payments are made in 14 years and 6 months if interest is paid quarterly?

A: Quarter in a year means 1/4 of a year. Since there are twelve months in a year therefore  quarterly…

Q: assume the $11,700 treasury bill, 6% for 12 weeks. calculate the effective rate of interest. (use…

A: Given that, the $11700 treasury bill, 6% for 12 weeks.

Q: What is the effective rate of 16% interest compounded semiannually?  And how do I enter it into a TI…

A: Calculation.From the given information, r= 0.16 and n is 2.Now compute the effective rate as…

Q: A bond with a face value of $6000 and a 4.4% coupon has a 5 year maturity.  Find the annual interest…

A: image is attached

Q: Determine the annual percentage yield (APY) for the given nominal annual interest rate and…

A: The formula to calculate annual percentage yield (APY) yield is given below. APY=1+rnn-1 where, r is…

Q: Find the effective rate of Interest that is equivalent to an 7% rate compounded monthly. O 7.20 % O…

A:

Q: Has a credit plan which charges her an interest rate of 36% compounded bimonthly. What is the…

A: Here, the formula used is: i=1+rmm-1...(1)

Q: What simple interest rate will convert a $200 investment into $220 in one year?

A: we know the formula: simple interest (SI)=P×r×t100 where P is the principle(investment) amount, r is…

Q: 15.) Find the APR to the nearest half-percent on a $3700 loan that is repaid at 7% add-on interest…

A: answer is in next step

Q: A. A$10,000 certificate of deposit earns simple interest of 8 percent per year. Calculate the total…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: if a nine-month term deposit at a bank earns a simple interest rate of 9% per annum, how much should…

A:

Q: A bond has a $11,000 face value, a 9-year maturity, and a 3.05% coupon. Find the total of the…

A: Annual interest on bond is simple interest earned on face value of bond, calculated as follows:

Q: Find the balance in an accou interest rate of 3.8% per yea

A:

Q: Assume the $12,480 Treasury bill, 5% for 15 weeks. Calculate the effective rate of interest. (Use…

A: Solution:-

Q: What is the annual percentage yield of 18% compounded daily? APY= _________%

A: In the given we have to find the annual percentage yield of 18% compounded monthly.

Q: What annual interest rate is earned by a 11-week T-bill with a maturity value of $1,500 that sells…

A: Future  value equation is  F=P(1+i)n, where F stands for future value of a product. P stands for…

Q: If P100,000 is invested for 6 months at 1.5% per annum, what is the maturity value? O P100,750…

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Q: How many interest payments are made in 7 years and 6 months if interest is paid quarterly?

A: As we know a quarter is defined as 1/4th of any quantity  And in case of interest payments we define…

Q: What daily interest rate equals a quarterly interest rate of 17%? Give your answer as a decimal…

A:

Q: What quarterly interest rate equals an annual interest rate of 15 %? Give your answer as a decimal…

A: Given problem is :   What quarterly interest rate equals an annual interest rate of 15 %? Give…

Q: A bank offers 7.5% interest compounded monthly. What is the annual percentage yield (APY)?

A: Given  A bank offers a 7.5% interest compounded monthly. Here r=0.075 k=12

Q: Calculate the current yield on the described bond. A $500 Treasury bond with a coupon rate of 3.6%…

A: To calculate the current yield of :A $500 treasury bond with a coupon rate of 3.6% that has a market…

Q: Find the maturity value of 10,000Php when deposited in a bank that offers 3.5% compounded quarterly…

A:

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.