Assume an effective compound interest rate i = 8% per annum. Compute the following equivalent rates. In each case, enter your answer as a percentage. a) The nominal interest rate payable semi-annually 数字 Enter an answer correct to 4 decimal places. % b) The effective interest rate payable quarterly 数字 % Enter an answer correct to 2 decimal places. c) The effective rate of discount per annum 数字 Enter an answer correct to 2 decimal places. % d) The nominal rate of discount payable monthly |数字 % Enter an answer correct to 4 decimal places.
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- Define the stated (quoted) or nominal rate INOM as well as the periodic rate IPER. Will the future value be larger or smaller if we compound an initial amount more often than annually—for example, every 6 months, or semiannually—holding the stated interest rate constant? Why? What is the future value of $100 after 5 years under 12% annual compounding? Semiannual compounding? Quarterly compounding? Monthly compounding? Daily compounding? What is the effective annual rate (EAR or EFF%)? What is the EFF% for a nominal rate of 12%, compounded semiannually? Compounded quarterly? Compounded monthly? Compounded daily?Assume an effective compound interest rate 6% per annum. a) The nominal interest rate payable semi-annually b) The effective interest rate payable quarterly c) The effective rate of discount per annum d) The nominal rate of discount payable monthlyA bank quotes you an interest rate of 6.6% per annum with quarterly compounding. What is the equivalent rate with annual compounding? Enter your answer in percentage rounded to two decimals places (e.g, 15.45%)
- A bank quotes you an interest rate of 6% per annum with quarterly compounding. What is the equivalent rate with continuous compounding? Enter your answer in percentage rounded to two decimals places (e.g, 15.45%) Please answer fast i give you upvote.Find the equivalent interest rates to the given nominal interest rates. a. Nominal interest rate compounded quarterly that is equivalent to an effective interest rate of 8.5% % Round to two decimal places b. Nominal interest rate compounded monthly that is equivalent to 7.5% compounded quarterly % Round to two decimal places c. Nominal interest rate compounded quarterly that is equivalent to 8% compounded annually % Round to two decimal placesHandley Bank advertises that its standard lending rate is 12% per annum compounding quarterly. Which of the following rates represent effective rates that are consistent with the Handley Bank quoted rate (to two decimal places)? Group of answer choices A. More than one of the other options are correct B. 12.68% per annum compounding annually C. None of the other options are correct D. 3.00 % per quarter compounding quarterly E. 1.00 % per month compounding monthly
- Suppose you invest $1,500 in an account paying 6% interest per year. How much of this balance corresponds to interest on interest earned in the last (7th) period? (Dollar figures should be approximated to the nearest cent of a dollar, while rates should be expressed in percentage terms without using the "%" symbol and approximated to the nearest second decimal place.)Find the uniform annual amount equivalent to a uniform gradient series in which the payment for the first year is ¢ 500, the second is ¢ 600, the third is ¢ 700, and so on for a total of 15 payments. The annual interest rate is 8%.Find the equivalent interest rates to the given nominal interest rates. a. Nominal interest rate compounded quarterly that is equivalent to an effective interest rate of 8% . 144.20% 1.94% 36.05% 7.77% b. Nominal interest rate compounded monthly that is equivalent to 3.5% compounded quarterly. 31.78% 2.65% 3.49% 0.29% c. Nominal interest rate compounded monthly that is equivalent to 6% compounded annually. 5.84% 1,214.64% 0.49% 101.22%
- A KIMEP BANK quotes you and interest rate of 12,5% per annum with semiannual compounding. What is the equivalent rate with annual compounding and continuous compounding? Choose the right answer: a. The rate with annual compounding is 12.89% and the rate with continuous compounding is 12.12% b. The rate with annual compounding is 12.12% and the rate with continuous compounding is 9.57% c. The rate with annual compounding is 10.28% and the rate with continuous compounding is 12.89% d. The rate with annual compounding is 10.38% and the rate with continuous compounding is 12.12%The effective rate of interestis 3.25% per annum. Calculateto 6 sf. (a)The equivalent rate of discount. (b)The equivalent rate of interest calculated monthly (c)The equivalent rate of discountcalculated half yearly. (d)The equivalent force of interest. (e)The present value of £1000 payable in three and a half years. Does it matter which of the above rates we use to calculate this value?1. If the stated annual rate of interest compounded annually is 8% then what is the equivalent annual rate compounded daily? Pls show formula used. Final dollar answers should be rounded to two decimal places. Interest rate answers should be rounded to 6 decimal places if expressed as a decimal or 4 decimal places if expressed as a percent. Use timeline if necessary. No excel .Thanks!