Find the effective rate equivalent to 10 points. 15% compounded quarterly. * 1 Add file

Q: 7. Rob deposits $1,000 in a savings account at New York State Bank that pays 1.4% interest,…

A: Given, Amount deposited by Rob=$1,000 Rate of interest compounded monthly, r=1.4% To find: a) Amount…

Q: E-Loan, an online lending service, recently offered 36-month auto loans at 4.5% compounded monthly…

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Q: Find the interest. Principal $1850 Rate Time in Months Interest 5.5% 3 The interest is $ (Round to…

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Q: You can afford monthly deposits of $290 into an account that pays 4.5% compounded monthly. How long…

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Q: Kimberly's investment to grow to $11,500.00 in 10 years. JOI DƏ Round your answer to the nearest…

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Q: Find the annual percentage yield​ (APY) in the following situation.   A bank offers an APR of 5.4​%…

A: Given query is to find annual percentage yield.

Q: E-Loan, an online lending service, recently offered 48-month auto loans at 4.8% compounded monthly…

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Q: Find the compound interest and total amount of a one time deposit of $8000 at 12% for 8 years. 1.…

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Q: You have decided to start saving for college and open up a 529 account. You invest $5,000 into the…

A: Given :Invest Amount=P=$5000Rate =r=2%=0.02Time =t=5 year

Q: A bank features a savings account that has an annual percentage rate 2.5% with interest compounded…

A: From the given information, the annual percentage rate is 2.5%, the interest is compounded daily and…

Q: A bank features a savings account that has an annual percentage rate of 3.8 % with interest…

A: GIVEN: annual rate = 3.8% amount = $2000

Q: Bastian takes out a $3,500 personal loan with 5.6% fixed annual interest compounded monthly to pay…

A: This is a compound interest problem. The correct option here is option (B) Solution provided below

Q: Determine the interest earned after 10 years if $200 is invested in each of the following accounts:…

A: Given data: The principle (P) is $200 The time(T) is 10 years Rate of interest (R) is 6%   The…

Q: 10. Pedro won a prize of $30 000. He has decided to invest in an account paying 3.25% per annum,…

A: We will use compound interest formulae to find solution to the problem .

Q: Calculate the amount in an account at the end of one year if the account starts with the principal…

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Q: Find the effective interest rate of 6% compounded monthly (round to the nearest hundred)

A: According to question given that We have to calculate the effective interest rate of 6% compounded…

Q: The effective rate of the interest that is equivalent to a 4% rate compounded monthly is: 1.34% 8.16…

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Q: How many times is the rate compounded? How much is the total in the account? (ROUND TO THE NEAREST…

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Q: Calculate the annual interest that you will receive on the described bond. A $2000 Treasury bond…

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Q: You deposit $100 each month into an account earning 3% interest compounded monthly. You should show…

A: Given Initial deposite PV=$100Monthly interest i=3%=0.03Time t=20 years

Q: 5.50% compounded semi-annually.

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Q: A bank features a savings account that has an annual percentage rate of 5.4 % with interest…

A: P = $ 5500 APR = 0.054

Q: Calculate your total account balance (using compound interest) for the following: P= $2000 r= 8%…

A: Given P=2000 r=8% or r=0.08n=12 for compunded monthlyand time t=3 years

Q: Jordan deposited $45,000 in an investment fund that was growing at a rate of 5.0 compounded…

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Q: Liza borrows 15,000Php for 3 years and agrees to pay 6 % compound interest for this period. What…

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Q: You saved $1,240 and your sister agrees to put it in a savings account at her credit union so you…

A: P=1240,  r=8%=0.08,  t=2  &  n=4.

Q: principal = $20,000, compounded quarterly, 3 years, annual rate = 12%

A: We have been given the principal = $20,000, compounded quarterly, 3 years, annual rate = 12% = 0.12

Q: Find the effective yield of an investment that earns 3.9% compounded weekly. 0.91 round to the…

A: To find An effective yield of an investment that earns 3.9% compounded weekly

Q: A bank features a savings account that has an annual percentage rate of 2.2 % with interest…

A: Given- r=2.2% compounded at semi-annualy and P=$10,500. To find- the amount of money in 1 year and…

Q: Determine how much is in the account on the basis of the indicated compounding after the specified…

A: Given,          p =$7900          r  =4.5%

Q: You decide to contribute to a mutual fund that averages 3.3% return per year. If you contribute $22…

A: Given data,  P = $225 r = 3.3 % per year    = ( 3.3/4 ) % r = 0.00825

Q: You plan to purchase a home mortgage for a home that costs $1,329,731 with a 4% interest rate for 40…

A: Given Data: The cost of the home mortgage is: P=$1329731 The interest rate is: r=4% The time period…

Q: Find the time required for an investment of 5000 dollars to grow to 7200 dollars at an interest rate…

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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: E-Loan, an online lending​ service, recently offered 60-month auto loans at 4.5% compounded monthly…

A:

Q: 1981-82 1982-83 1983-84 1984-85 1985-86 1986-87 1987-88 1988-89 For which year, the percent increase…

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Q: Which savings account id s better investment: 6.40% compounded semi-annually or 6.35% compounded…

A: Given Two options 1st is 6.40% compounded semiannualy i.e. m = 2 1st is 6.35% compounded quarterly…

Q: A bank features a savings account that has an annual percentage rate of 5 % with interest compounded…

A:

Q: Sam invests $2,000 in an account with an interest rate of 6.7% compounded annually for 3 years. What…

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Q: Which term refers to the capital or the sum of money invested? Final Amount Interest Principal…

A: These terms are related to compound Interest. Compound Interest Compound interest is computed on…

Q: Find the annual percentage yield (APY) in the following situation. A bank offers an APR of 4.78%…

A:

Q: At your child's birth, you begin contributing monthly to a college fund. The fund pays an APR of…

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Q: How much must be deposited today into the following account in order to have a $115,000 college fund…

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Q: A bank features a savings account that has an annual percentage rate of 3 % with interest compounded…

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Q: lynn deposits $683.09 at the beginning of each quarter for three years in order to accumulate…

A: Given Periodic contribution, P=$683.09 Sinking fund, A=$9500.60 Time period, t=12 Quarters

Q: find the effective interest rate of 8% compounded quarterly

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Q: What effective rate is equivalent to a nominal rate of 5%compounded quarterly? 1 4. Select one: O…

A: Given that a nominal interest rate of 514% compounded quarterly. We have to find the effective rate…

Q: You want to have a $60,000 college fund in 12 years. How much will you have to deposit now in an…

A: The compound interest is A=P1+rnnt. Given that,  the total amount is  A=$60,000, the number of years…

Q: How much must be deposited today into the following account in order to have a $130,000 college fund…

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