If a lender charges 12% interest, compounded quarterly, what effective annual interest rate is the lender charging?

Q: For life insurance policies, some of the premium pays for the cost of the insurance, and the…

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Q: In preparation for her son's educational tour 18 months from now, Johnny Sins invested $21,000 and…

A: It is given that p=21000, A=35000, t=18

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

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Q: What sum must be deposited today at 8 percent per year compounded annually if the goal is to have a…

A: When the interest is compounded, then the formula used is A=P1+rnnt, where, A is the final amount, P…

Q: If the nominal interest rate is 14.5% per year compounded weekly, the effective annual interest…

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Q: 6. How much more money would you have by investing $100,000 for 1 year into an account paying 4.2%…

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Q: If I have an account of $9,000 compounded at 6%, what is my balance at the end of one year? At the…

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Q: Suppose that you had the opportunity of investing 5000$ in a business such that the value of the…

A: Given  that Investing 5000$ in a business increases the value to 6300$ after 5 years.

Q: Assuming that you invest $13,000 in the United States, how long (to the nearest year) must you wait…

A: The formula for compound interest is, A=P1+r100n where, A is compounded amount P is the Principal…

Q: Assume that a savings account earns interest at a rate of 3% compounded quarterly. If this account…

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Q: Suppose that you invested in a mutual fund that guaranteed 6.5% annual interest, compounded monthly.…

A: given p=principle=$3500r=rate per annum=6.5%n=4 =time we have find A…

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: If the parents in part e invested $10,000 in an account paying 8%, compounded quarterly, how much…

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Q: If $11,000 is invested at 6% compounded quarterly, what is the amount after 4 years?

A: Please find attachment for the details solution

Q: )If the same two $15,000 deposits are made (at time 0 and end of year 4) into a different account…

A: Principal amount= 15000$ Intrest = 8.4 Compund intrest quarterly.

Q: What amount must be invested now to have $12,000 after 3 years if money is worth 6% compounded…

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Q: If $500 is deposited in an account paying 8.4% annual interest, compounded semiannually, how long…

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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: Option A: P = $1150 , rate = 8.2 % compounded annually Option B: P = $1100 , rate = 8.1 % compounded…

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Q: If Jean invests $2300 in a retirement account with a 6% interest rate compounded annually, how long…

A: To determine the time required for the investment to accumulate to $ 4150.

Q: What sum must be deposited today at 10 % per year compound quarterly, if the goal is to have a…

A: Let S be the sum deposited . and Let A be the compound  amount i.e. A=$50,000 Now t=6 years It is…

Q: An investment fund pays 10% per year, compounded quarterly, on all money invested. How much must be…

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Q: If you deposit $100 in a bank account that yields an annual percentage rate (APR) of 6%, what will…

A: From the given information, the deposit amount is $ 100.Percentage rate is 6% or 0.06.

Q: your Visa credit card has an APR of 14.49%, compounded monthly and your current balance is $425.69.…

A: Given query is to find the time required to pay the amount.

Q: A firm needs to replace most of its machinery in 4 years at a cost of $550,000. The company wishes…

A: Given - A firm needs to replace most of its machinery in 4 years at a cost of $550,000. The company…

Q: What interest rate was applied if a loan of ₱54,300 will amount to ₱83,000 after 2 years and 6…

A: NOTE: Refresh your page if you can't see any equations. . here we have P=54300 A=83000 t=2 years and…

Q: An investment fund pays 9% per year, compounded quarterly, on all money invested. How much must be…

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Q: If the present value of my investment is $1,000 and the rate of interest is 10% compounded annually,…

A: From the given information, present value of my investment is $1,000 that is P = 1000, the rate of…

Q: What lump sum should be deposited in an account that will earn at an annual rate of 8%, compounded…

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Q: Suppose Grant needs to take out a loan. He can make quarterly payments of $1400 at the end of each…

A: Note: Hey there! Thank you for the question. As you have posted multiple questions, we have helped…

Q: What lump sum do parents need to deposit in an account earning 12%, compounded monthly, so that it…

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Q: A payment of $700 is due in 3 years, and $5,000 is due in 5 years. What single payment made today…

A: Solution of given question is written in below steps.

Q: If the present value of a cash flow at an annual rate of interest of 4.5% is $30000, what is the…

A: When the interest is compounded, then the formula used is A=P1+rnnt , where, A is the final amount,…

Q: If it takes 12 years and 5 months to double your money (compounded quarterly), how long would it…

A: To determine the time t it will take for the investment to double.

Q: How much should be invested in an account paying 9% compounded daily for it to accumulate to $5,000…

A: How much should be invested in an account paying 9% compounded daily for it toaccumulate to $5,000…

Q: . An investment fund pays 12% per year, compounded monthly, on all money invested. How much must be…

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Q: If a credit union awards interest of 8 percent per year compounded semiannually, what amount must be…

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Q: How much should be deposited now in order to have $45,000 in 8 years, if the account earns 6.57%…

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Q: If $5000 is invested for 8 years at 6% compounded monthly, how much interest will be earned?

A: Given that $5000 is invested for 8 years at 6% compounded monthly. It is required to find the amount…

Q: 4. Find out how many months it will take for 1000 taka to grow to 20000. Given 6% annual interest…

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Q: If $3,300 is deposited at the end of each quarter in an account that earns 3% compounded quarterly,…

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Q: If a bank pays 16% compounded quarterly, how much should be deposited now to have $1200 in 6 years…

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Q: An individual's salary is now $50,000 per year and he anticipates retiring in 30 more years. If his…

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Q: you want to retire with $1,500,000 in 40 years and can earn a rate of 10.8% with monthly…

A: We can find pmt using Excel .

Q: At what interest rate must $112,000 be invested so that it'll be worth $392,000 in 14 years?

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Q: Bank A pays 4% interest compounded annually on deposits, while Bank B pays 3.5% compounded daily.a.…

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Q: If $200 is invested at 14% compounded quarterly, what is the interest earned after: a) 3 years…

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