determine the interest rate in % compounded annually if the compound amount factor is 1.069 for a period of 9 years.

Q: Find the present value of amount. $45,678.93 if interest is 7.2% compounded monthly for 11 months

A: To find Present value, if  Amount, A=$45,678.93rate, r = 7.2%time, t = 11 monthscompunded monthly

Q: Determine the value of an account at the end of 5 years if the principal amount of $14000 is…

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Q: What rate of interest compounded quarterly will yield an effective interest rate of 7%?

A: Effective interest rate=1+inn-1

Q: Nisha takes a loan of $45,000 at 6% per annum for 1^1/2 years. Assuming that the interest is…

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Q: Find the nominal interest rate compounded daily that corresponds to an effective rate of 4 %- 4

A: Effective interest rate=1+rnn-1

Q: What nominal interest rate compounded monthly is equivalent to 4.50% compounded quarterly?

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Q: Find the periodic payment which will amount to a sum of $14000 if an interest rate 8% is compounded…

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Q: Find the present value of $41,232 due in 6 years at an interest rate of 3.5%/year compounded…

A: The amount formula for compound interest is A = P(1+i)n Therefore, P = A/(1+i)n where, P = present…

Q: Find the nominal rate of interest that, when compounded monthly, yields an effective interest rate…

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Q: Find the effective rate to the nearest hundredth for nominal interest rate. 7% compounded quarterly

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Q: Semi-annual paymnts of 150,000 pesos with an interest rate of 8% compounded annually for 10 years.

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Q: Find the present value of $40,000 due in 3 years at an interest rate of 6%/year compounded monthly.…

A: We have to find the present value of $40,000 due in 3 years at an interest rate of 6% / year…

Q: If an investment grew to $15,500 in 3 years and the interest amount earned was $1,752.71, calculate…

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Q: Find the effective annual interest rate of 4% compounded quarterly. Round to the nearest hundredth.

A: The rate of interest is 4% which is compounded quarterly.Effective annual rate of interest…

Q: account

A: We will find the balance in the account after 9 years.

Q: A credit card has a compound interest rate of 22.5% per year on overdue balances. How much interest…

A: According to question given thatCredit card interest rate= 22.5% per yearBalance= $485.00

Q: The interest rate on a GIC is 4.50% compounded quarterly. What is the purchase price of the GIC if…

A: Find purchase price of GIC

Q: $10,000 is invested for 10 years with an APR of 2% and quarterly compounding.

A: Given information P=$10,000 Rate of interest r=2%  ⇒r=2100=0.02 Time t=10 years For quarterly…

Q: Given: ₱50,000 at 11% compounded quarterly for 5 years. What is the interest rate per conversion…

A: Given that: Principal amount = ₱50,000 Rate of interest = 11% = 0.11 Number of years he amount is…

Q: Find the interest rate for each deposit and compound amount.  $8000 accumulating to $11,672.12,…

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Q: Find the present value of $30,000 due in 6 years at the given rate of interest. (Round your answer…

A: To Determine: Find the present value of $30000 due in 6 years at the given rate of interest. 7% per…

Q: Find the effective rate of interest.For 5% compounded quarterly

A: Effective interest rate is the equivalent annual interest rate compounded annually which is…

Q: If $13,376.39 was the interest earned on lending $87,000.00 for 4 years, what was the quarterly…

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Q: Calculate the compound amount when $9000 is deposited in an account earning 9% interest, compounded…

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Q: Find the compound interest on an investment of $18,000 at 8% compounded quarterly for 15 months.

A: In the given problem the investment is $18,000 , the rate of interest is 8%, the investment…

Q: Calculate the compound amount when $7000 is deposited in an account earning 8% interest, compounded…

A: Introduction: Suppose P is a principal invested at r% compound interest for t units of time, where…

Q: Use the compound interest formula for compounding more than once a year to determine the accumulated…

A: We have to use compounded quarterly summation formula.

Q: A principal of $2000 is placed in a savings account at 3% per annum compounded annually. How much is…

A: A principal of $2000 is placed in a savings account at 3% per annum compounded annually.

Q: Find the present value of $60,000 due in 5 years at the given rate of interest. (Round your answer…

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Q: Use Table 11-1 to calculate the compound amount (in $) on an investment of $5,500 at 10% interest,…

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

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Q: Find the compound amount for the deposit. Round to the nearest cent. 4) $8000 at 6% compounded…

A: To work out the amount earned through compound interest under the given terms

Q: Find the effective rate of interest corresponding to a nominal rate of 11.5% per year compounded…

A: The term per cent means for every hundred. A fraction whose denominator is 100 is called a…

Q: Determine the nominal interest rate compounded half yearly if the effective interest rate is 8% per…

A: Provided information is ; effective rate per annum(i) = 8% compounding period(m) = 6 months…

Q: Find the effective annual interest rater of the given nominal annual interest rate. Round your…

A: Topic- Interest

Q: $15,000 is invested for 15 years with an APR of 4.2% and monthly compounding.

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Q: Find the final amount of money in an account if $1,500 is deposited at 5.5% interest compounded…

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Q: Find the difference between simple interest and compound interest on a savings deposit of fifty…

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Q: Determine the amount of an investment if $500 is invested at an interest rate of 4.25% compounded…

A: Use formula of compound interest

Q: Find the maturity value and compound interest if 30,000 is compounded quarterly at an interest rate…

A: We have to find maturity value and compound interest.

Q: Find the interest earned by a deposit of 22,250 at 9 1/4% interest compounded monthly for twenty…

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Q: For an interest rate of 1% per 2 months, determine the number of times interest would be compounded…

A: Compounding period: The period between the points at which the interest is added to the account.

Q: Find the present value of $41,422 due in 5 years at an interest rate of 3%/year compounded…

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Q: Find the present value of $40,000 due in 4 years at the given rate of interest. 7%/year compounded…

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Q: 3. What is the amount in the RRSP after 5.5 years? 4. How much interest will the RRSP have earned in…

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Q: Findthe present value of $100,000 if interest is paid at a rate of %8 per year, compounded monthly,…

A: Given, Future value, FV = $100,000  Interest rate, R= 8% time, t =10 years. Compounde period…

Q: Find the present value of $30,000 due in 4 years at the given rate of interest 6%/year compounded…

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Q: Find the interest rate for an $8000 deposit accumulating to $10,620.25, compounded quarterly for 6…

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Q: Find the interest on P10,000 at 5 ½% for 4 years and 6 months compounded monthly.

A: Given that.   Find the interest on P10,000 at 5 %2% for 4 years and 6 months compounded monthly.…

Q: Find the present value of $60,000 due in 4 years at the given rate of interest. (Round your answer…

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