Explain why 12%/a, compounded monthly, is not the same as 12%/a, compounded quarterly.
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- find the nominal rate which is converted quarterly could be used instead of 11.88% compounded monthly.What rate, compounded monthly, is equivalent to 18% compounded quarterly? What rate, continuously compounded, is equivalent to 9% compounded daily?"If the nominal rate is 12% compounded semi-annually, the annual percentage rate is higher than the effective annual rate." TRUE OR FALSE
- What nominal rate compounded quarterly is equivalent to 13% compounded bimonthly?If 16% pa is an annual percentage rate (APR) compounding every quarter, which of the following is NOT correct? All percentages are given to 5 decimal places. a. Effective quarterly rate is 4.00000% per quarter. b.Continuously compounded semi-annual rate is 7.84414% per half year. c. Continuously compounded quarterly rate is 3.92207% per quarter. d. Effective monthly rate is 1.84756% per month. e. The annual percentage rate (APR) compounding every month is 15.79128%.account A pays a 4.98 percent annual percentage rate, compounded quarterly. Account B pays a 4.80 percent annual percentage rate, compounded monthly. What is the difference between the two effective annual rates? 0.17% 0.16% 0.15% 0.18%
- A financial institution quotes a rate of 6.45 percent compounded monthly.What is the effective rate for the year?Determine the rate that represents the better deal. 9% compounded quarterly or 9 (1/4) , compounded annuallyWhat is the effective annual rate (EAR) for an annual percentage rate (APR) or a nominal annual rate of 12%, compounded semiannually? Compounded quarterly? Compounded monthly? Compounded daily? Compounded hourly?
- What is the effective annual rate for an APR of 11.40 percent compounded quarterly? MUST USE EXCEL FORMULA!!!! NOT ALGEBRAICALLY!What are the effective annual rates of the following: a) 12% APR compounded monthly? b) 16% APR compounded annually? c) 6% APR compounded daily?What is the effective annual rate or EAR of 8% compounded monthly? a. 6.14% b. 8.38% c. 8.30% d. 6.47%