Find the total number of compounding periods and the interest rate per period for the investment. Term of Nominal Rate per Period (%) Interest Investment (Annual) Rate (%) Compounded Compounding Periods 6 years 6.5 semiannually
Q: Term of Investment Nominal (Annual) Rate (%) Interest Compounded Compounding Periods Rate per Period…
A: Compounding Periods = Term of Investment (in years) * 12 Rate per Period (%) = Nominal (Annual) Rate…
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Q: Find the total number of compounding periods and the interest rate per period for the investment.…
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Q: Find the total number of compounding periods and the interest rate per period for the investment.…
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Q: Find the total number of compounding periods and the interest rate per period for the investment.…
A: An interest rate method in which current interest is computed by multiplying the interest rate by…
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A: Year Cash flows PV @ 6.3% Present Value 1 $0 0.9407 $0 2 $0 0.8849 $0 3 $31,700 0.8325…
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A: Compounding periods = Years * Number of time compounded Compounding periods =8*4 Compounding periods…
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Q: Find the total number of compounding periods and the interest rate per period for the investment.…
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A: Given: Principal = $7500 Rate of interest (r) = 8% Time (t) = 8 years Compounding is being done…
Q: 1.Find the total number of compounding periods and the interest rate per period for the investment.…
A: Period = 7 Years Interest rate = 3% Number of compounding per year = 12
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A: Principal (P) = 5500 Period = 4 Years Quarterly periods (n) = 4*4 = 16 Interest rate = 8% Quarterly…
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Q: (a) Manny made a 5-year investment. The following are the interest rate earned: 15% interest…
A: Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only one…
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A: given, term of investment = 8 years nominal annual rate = 4% interest compounded = quaterly (4)
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A: An interest rate method in which current interest is computed by multiplying the interest rate by…
Q: 1.Find the total number of compounding periods and the interest rate per period for the investment.…
A: Term = 9 Years Interest rate = 4% Number of compounding per year = 4
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A: For 1. Option Rate of interest number of periods a. 9% 9 b. 2% 20 c. 5% 30
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- Find the total number of compounding periods and the interest rate per period for the investment. Term ofInvestment Nominal(Annual) Rate (%) InterestCompounded CompoundingPeriods Rate perPeriod (%) 7 years 6.5 semiannuallyFind the total number of compounding periods and the interest rate per period for the investment. Term ofInvestment Nominal(Annual) Rate (%) InterestCompounded CompoundingPeriods Rate perPeriod (%) 7 years 4 quarterly %Manually calculate the compound amount and compound interest (in $) for the investment. Principal TimePeriod (years) NominalRate (%) InterestCompounded CompoundAmount CompoundInterest $3,000 2 10 annually
- Using Table 11-1, calculate the compound amount and compound interest (in $) for the investment. (Round your answers to the nearest cent.) Principal TimePeriod (years) NominalRate (%) InterestCompounded CompoundAmount CompoundInterest $5,100 4 8 quarterly $ $Using Table 11-1, calculate the compound amount and compound interest (in $) for the investment. (Round your answers to the nearest cent.) Principal TimePeriod (years) NominalRate (%) InterestCompounded CompoundAmount CompoundInterest $24,000 18 5 annually $ $Compound Interest For the following separate cases, a through h, for an investment of $10,000, complete the table by indicating (1) the interest rate per compounding period, and (2) the total number of compounding periods over the full term of the investment. Compounding Annual Interest Rate Term Compounding Period Interest Rate per Compounding Periods Total Number of a. Annual 7% 5 years b. Quarterly 8% 8 years c. Monthly 6% 5 years d. Semiannual 8% 10 years e. Annual 6% 3 years f. Quarterly 6% 5 years g. Monthly 6% 4 years h. Semiannual 6% 8 years
- If the accumulated value of an investment that is growing at 3.95% compounded semi-annually is $93,924.39, and the interest earned on this investment is $47,924.39, calculate the time period of this investment. Calculate the effective interest rate for each of the following nominal interest rates: a. 2.73% compounded quarterly. b. 2.73% compounded monthly.Using Table 11-1, compute the amount of compound interest (in $) earned in 1 year and the annual percentage yield (APY) for the investment. (Round your answers to two decimal places.) Principal NominalRate (%) InterestCompounded Compound InterestEarned in 1 Year Annual PercentageYield (APY) $6,000 12 semiannually $ %In each situation described below, identify the initial payment, the term interest rate, andthe number of compounding periods. Two investments, one of $2000 at an APR of 2% compounded yearly, and one of $1000at an APR of 2.5% compounded monthly, after 20 years.
- Using the compound interest formula, calculate both the value of the investment and the interest earned after the given time periods. a) $4000.00 for five years at 7% compounded semi-annuallyFind the nominal interest rate for each of the following investments. Principal Nominal Interest Rate % Compounding Frequency Term Maturity Value $10,525 annually 7 years $16,525 $11,000 semi-annually 12 years $17,500 $26,650 quarterly 4 years and 9 months $36,650 $24,000 monthly 5 years and 8 months $30,500A one-time investment is made in the amount of $9,200 for 15 years at an APR of 6%. Compound Interest: , where is the final amount, is the principal invested, is the interest rate per compounding period, and is the number of compounding periods. Compounded Principal Interest Rate per Compounding Period Number of Compounding Periods Write the Compound Interest Formula Final Amount Annually $9,200 6% 15 ? = 9,200(1 + 0.06)^15 $22,048.34 Semi-Annually $9,200 Quarterly $9,200 Monthly $9,200 Weekly $9,200 Daily $9,200