Q: If $570 is borrowed for 240 days at 5.5% simple annual interest, how much will be repaid at the end…
A: Borrowed amount (P) = $ 570 Interest rate (r) = 5.5% Period (t) = 240 days = 240/365 Years
Q: If $3500 is deposited at the end of each quarter in an account that earns 7% compounded quarterly,…
A: Future value of annuity is: = P * ([1 + I]^N - 1 )/I, where P is annuity amount. I is equal to the…
Q: If $1,300 is deposited each quarter in an account that earns 2% compounded quarterly, how many full…
A: To calculate the number of payments, future value of annuity formula will be used. where C is…
Q: Find the nominal rate that if converted quarterly could be used instead for 15% compounded…
A: Nominal rate with semiannual compounding = 0.15 or 15% Number of semiannual compounding in a year =…
Q: Consider a loan of 1,000,000 which is to be amortized by 60 monthly payments. The interest rate is…
A: Loan Amount = 1,000,000 Interest Rate = 10% Time Period = 60
Q: Effective rate? 12% p.a compounded quarterly
A: The effective annual rate of interest is the actual or the real rate of interest paid or received…
Q: Suppose that you make quarterly deposits into a savings account that earns 8% interest compounded…
A: Effective Annual Rate is a modified rate of return where it considers the compounding effect.…
Q: What is the annual compounding rate per semester equivalent to 12.96% annually compounded monthly?
A: Given Information Annual rate =12.96% To find -Annual Compounding rate per semester equivalent to…
Q: Given the rate per compounding period, find r, the annual rate 0.25% per month
A: P =R / M Here P = Rate per compounding period R= Annual rate M=Times amount compounded
Q: If a loan is made at 9.24% compounded quarterly, what loan today could be paid off by making 45…
A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…
Q: How much do ten P 4,533 quarterly payments amount at present, if the interest rate is 2 compounded…
A: The amount of payments made at the beginning of each year is termed as an annuity due. It indicates…
Q: What effective annual rate can a bank earn on an APR of 10.5 percent, compounded monthly? Can the…
A: Given information: Annual percentage rate : 10.5% Compounding frequency : 12
Q: what is the nominal annual rate of interest compounded quarterly if a loan of $25,000 is repaid in…
A: The act in which one person or entity provides funds to another person for defined term and agreed…
Q: An interest of 8% compounded semi annually is how many percent if compounded quarterly?
A: Formula: Effective interest rate=1+rnn-1where,r=nominal raten=number of compounding periods in a…
Q: Money borrowed today is to be paid in 7 equal payments at the end of each quarter. If the interest…
A: A financial measurement that calculates the worth of a potential sum of money or stream of payments…
Q: tive rate? 7% p.a compounded quarterly
A: The given problem can be solved using EFFECT function in excel. EFFECT function computes effective…
Q: e? 6 % p.a compounded monthly
A: The given problem can be solved using EFFECT function in excel. EFFECT function computes effective…
Q: What is the effective annual rate (EAR) for an annual percentage rate (APR) or a nominal annual rate…
A: EAR = [(1+Nominal interest rate/n)^n]-1 where, n = compounding period In case of semi-annual…
Q: "If the nominal rate is 12% compounded semi-annually, the annual percentage rate is higher than the…
A: The annual percentage rate is is nominal rate of interest I.e. 12%
Q: If the APR is 10% and compounding is monthly, then the Effective Annual Rate is:
A: Using the Effective function in excel
Q: What is the EAR corresponding to a nominal rate of compounded semiannually? Compounded 10%…
A: EAR is effective annual rate i.e. equivalent interest rate for interest rate which are compounded…
Q: If $5500 is deposited at the end of each quarter in an account that earns 7% compounded quarterly,…
A: Given data; deposit amount = $5500 rate of interest = 7% Future value of annuity = $90,000
Q: What is the effective rate equivalent of 15% compounded quarterly?
A: Interest rate (r) = 15% Number of compounding per year (m) = 4
Q: A car valued at $11,400 can be purchased for 10% down and end-of-month payments of $286.21 for…
A: The nominal interest rate, also known as an Annualized Percentage Rate or APR, is calculated by…
Q: ate of a nominal annual rate of 12% compounded
A: The given problem can be solved using EFFECT function in excel. EFFECT function computes effective…
Q: ctive rate? 6 % p.a compounded weekly
A: The given problem can be solved using EFFECT function in excel. EFFECT function computes effective…
Q: Your bank account compounds interest monthly and has an annual percentage rate of 24 percent. What…
A: When the effects of compounding over time are considered, the effective annual interest rate is the…
Q: account A pays a 4.98 percent annual percentage rate, compounded quarterly. Account B pays a 4.80…
A: Interest rate Number of compounding 4.98% 4 4.80% 12
Q: nnual rate for a nominal annual rate of 12% compounded we
A: The given problem can be solved using EFFECT function in excel. EFFECT function computes effective…
Q: An effective rate of 29,61% corresponds to a nominal rate, compounded weekly, of?
A: Effective rate means the actual return from a saving account or returns from any investment when the…
Q: Regular quarterly payments of $6000 are deposited into an account paying 3.19% interest, compounded…
A: Annuity means finite no. of payments which are same in size and made in equal intervals. Person gets…
Q: What is the effective annual rate for an APR of 15.70 percent compounded monthly?
A: The effective annual Rate will be computed according to the formula..... i=(1+rm)m−1.. Where rm…
Q: Calculate the effective annual rate for 9.4% compounded quarterly.
A: We need to compute the effective annual rate in this question.
Q: Calculate the effective rate of 6% compounded quarterly
A: Interest rate = 6% 1 year = 4 quarter Annual Effective rate = (1+r/n)^n -1 r = interest n= years…
Q: find the apy corresponding to given nominal rates 6.5% compounded monthly
A: Annual Percentage yield is calculated using the below formula, where, interest rate is 6.5% and…
Q: what is the equivalent percent of 20% compounded quarterly if converted to compounded monthly.
A: Interest rate (r) = 20% Number of compounding per year (n) = 4 Effective annual interest rate =…
Q: Given i = 10% compounded quarterly. Find the effective interest rate if payments are made monthly.
A: Effective interest rate formula =1+rmm×t-1 Where r = rate of interest m = number of compounding in a…
Q: What is the effective annual rate, with a nominal annual rate of 10%, compounded monthly? - 10.0…
A: Details given in the question are : Nominal annual interest rate = 10% Compounded frequency =…
Q: An investment account earns 6.9% Interest, compounded continuously. What is the effective annual…
A: Given: Interest rate is 6.9%
Q: e annual rate for a nominal annual rate of 12% compounded monthly.
A: The given problem can be solved using EFFECT function in excel. EFFECT function computes effective…
Q: A loan of P3,000 is repaid by a payment of P3,500 made 24 months later. What is the annual…
A: Loans payment carry the payment of principal amount and also payment of principal amount also.
Q: What rate, compounded monthly, is equivalent to 18% compounded quarterly? What rate, continuously…
A: Since you have posted multiple questions, we will answer the first one for you. If you want a…
Q: If 8% per year is compounded bi-annually, what is the effective annual rate?
A: The effective annual rate is the rate that has an annual compounding frequency. It is calculated to…
Q: What is the effective annual rate of 11.9 percent compounded continuously?
A: Effective annual rate is the interest rate which is derived at after considering the effect of…
Q: How much do ten ₱ 6,945 quarterly payments amount at present,
A: Time Value of Money (TVM) concept is used to discount the future cash flows or to compound the…
Q: What is the effective annual rate of 6%, compounded monthly? O 6.12% O 6.06% O 6.14% O 6.17% O 6.24%
A: Effective Annual rate The effective annual interest rate is that real return that is paid on the…
Q: What is the effective annual rate of a savings account with an annual interest rate of 5.9%…
A: Effective annual interest rate is referred as the interest rate which is adjusted for compounding…
An account pays 2.9% compounded continuously. What is the effective quarterly rate?
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- suppose that $6,300 is invested at 3.1% annual intrest rate, componded monthly. how much money will be in the account in 9 months?if the nominal rate is 11.5% per year compounded continuously, what is the equivalent effective rate of interest per bi monthFind the nominal rate compounded monthly which is equivalent to 12% compounded quarterly. What is the corresponding effective rate?
- Find the nominal rate compounded semi annually which is equivalent to 20% compounded quarterly. What is the corresponding effective rate?Compute effective annual rate for a nominal annual rate of 12% compounded weekly.What rate, compounded monthly, is equivalent to 18% compounded quarterly? What rate, continuously compounded, is equivalent to 9% compounded daily?
- If $3500 is deposited at the end of each quarter in an account that earns 7% compounded quarterly, after how many quarters will the account contain $80,000? (Round your answer UP to the nearest quarter.) _____quartersIf $6000 is invested in an account. After three years, the account has $7500 in it. If money is compounded monthly, what is the nominal rate?If $5500 is deposited at the end of each quarter in an account that earns 7% compounded quarterly, after how many quarters will the account contain $90,000? (Round your answer UP to the nearest quarter.)