If the rate of interest is 12% compounded annually, find the equivalent rate of interest if it is compounded quarterly.

Q: What is the effective annual rate of interest if $1200.00 grows to $1500.00 in two years compounded…

A: As per the given information: Future value = $1500 Present value = $1200 Period = 2 years compounded…

Q: if the nominal rate is 11.5% per year compounded continuously, what is the equivalent effective rate…

A: Effective rate of interest is rate which is computed after taking into account all the compounding…

Q: What is the future value of $875 deposited for one year earning an 8 percent interest rate annually?

A: Future value can be described as the future worth of a specific amount at a certain future date.It…

Q: If the effective equivalent annual interest rate is 18.1%, and interest is compounded quarterly (1…

A: Information Provided: Effective equivalent annual interest rate = 18.1% Compounding = Quartelry

Q: Find the nominal rate compounded quarterly of 30 % compounded monthly.

A: Effective annual interest rate(EAR) refers to the real rate of return that we earn on our savings or…

Q: What is the future value of $3,100 in 17 years assuming an interest rate of 8.4 percent compounded…

A: Given,Present Value (PV) = $3,100Rate of Interest (r) = 8.4% or 0.084Time Period (t) = 17 yearsType…

Q: Determine the nominal rate for and interest rate of 1.5% per month compounded quarterly?

A: Nominal rate is the rate calculated without taking compounding into account

Q: What is the simple interest on ₱ 30,000 for six months at a simple interest rate of 12% . What is…

A: Simple interest is interest on investment without any compounding. Compound interest is the interest…

Q: Given an effective annual interest rate of 15%, calculate the correspondie a) annual nominal…

A: Hi There, thanks for posting the question. But as per Q&A guidelines, we must answer the first…

Q: If the nominal annual interest rate is 15%, what is the effective interest rate when interest is…

A: In this question We require to calculate the effective interest rate from below details: Nominal…

Q: Find the nominal rate compounded monthly which is equivalent to 12% compounded quarterly. What is…

A: Interest rate = 12% compounded quarterly We need to find the nominal rate compounded monthly which…

Q: What nominal rate compounded semi-annually yields the same amount as 20 % compounded quarterly?

A: Given rate (r) = 20% quarterly compounded (Compounding frequency = 4) Let i = Nominal rate…

Q: What is the effective annual interest rate when 12% per year is compounded quarterly? 0.13 or 0.23?

A: In this we have to calculate the effective interest rate annually.

Q: An interest of 8% compounded semi annually is how many percent if compounded quarterly?

A: Formula: Effective interest rate=1+rnn-1where,r=nominal raten=number of compounding periods in a…

Q: What effective annual interest rate is equivalent to 9% compounded quarterly?

A: In this question we need to compute the effective annual interest rate compounded quarterly.

Q: What is the effective annual rate of interest if $1200.00 grows to $1500.00 in two years compounded…

A: Effective Annual Rate: It is the real rate of return paid on a loan or earned on an investment,…

Q: If the effective interest rate is 20% per annum, what is the Nominal Rate if it is? a.Compounded…

A: The effective annual rate of interest is the actual or the real rate of interest paid or received…

Q: Find the effective annual rate associated with an 8% nominal rate when interest rate is compounded…

A: The effective annual rate is referred to as the true interest rate on any interest-paying investment…

Q: If the effective annual interest rate is 15% then what is the equivalent annual rate compounded…

A: Effective annual rate (EAR) = 15% Number of compounding per year (m) = 4

Q: what nominal rate of interest compounded monthly is equivalent to 12% per annum compounded…

A: The nominal rate of interest is the rate of interest that is considered before taking inflation.

Q: Determine the annual rate of interest compounded daily that is equivalent to 9% per annum compounded…

A: Interest rate per annum = 9% Monthly Interest Rate(r) =9%/12 = 0.75% Number of terms(n) = 1*12 = 12…

Q: What is the future value of $800 deposited each year for six years, compounded annually at 10…

A: RATE  10% NPER (n)  6 PMT 800

Q: What is the nominal rate of interest compounded semi annually which is equal to 8.81% compounded…

A: Interest rate (APR) = 8.81% Compounding per year (M) = 4

Q: est is paid at a rate of 5% per year, compounded quarterly, what is the effective annual rate?

A: The given problem can be solved using EFFECT function in excel. EFFECT function computes effective…

Q: For an effective interest rate of 16% per annum, what is the equivalent nominal annual rate…

A: The periodic interest rate is multiplied by the number of periods in a year to create the nominal…

Q: What is the corresponding effective interest rate of 18% compounded semi-annually?

A: The effective interest rate is the real return earned on an interest-paying investment or savings…

Q: What is the EAR corresponding to a nominal rate of compounded semiannually? Compounded 10%…

A: EAR is effective annual rate i.e. equivalent interest rate for interest rate which are compounded…

Q: What will be the future worth of series of 15 annual $100 payments if the nominal annual interest…

A: An interest rate method in which current interest is computed by multiplying the interest rate by…

Q: If the nominal annual interest rate is 15%, what is the effective interest rate when interest is…

A: Given, Nominal interest rate = 15% Compounded frequency = Monthly We need to compute the effective…

Q: At what interest rate will ₱30,750 amount to ₱44,875 in 4 years and 6 months, if interest is…

A: Data given: Description Data FV (P) 44875 PV (P) 30750 r= rate (Compounded semiannually)…

Q: What effective interest rate per year is equivalent to 19% per year compounded quarterly?

A: Formula for effective rate of interest                                                = (1+i/n)n-1…

Q: What is the equivalent simple interest (yield) for an investment of 8 % compounded quarterly? Round…

A: Effective Annual Rate The effective annual rate of interest is the actual or the real rate of…

Q: Calculate the effective annual rate for 9.4% compounded quarterly.

A: We need to compute the effective annual rate in this question.

Q: If the interest rate is stated as 2.2% per 6 months compounded continuously, the effective annual…

A: Here, Interest Rate Per 6 Month is 2.2% Therefore, Annual Interest Rate is: =2.2% ×2=4.4%…

Q: e annual in

A: Given information : Effective annual interest rate = 8% Compounding period = 26 weeks

Q: An interest rate of 12% per year, compounded monthly is equivalent to what nominal and effective…

A: The nominal interest rate can be defined as the rate of return on an investment with out any…

Q: A series of equal quarterly payments of $6,000 for IO years is equivalent to what present amount at…

A: Formula used to compute present equivalent worth: Formula to compute effective interest rate:

Q: A series of equal quarterly payments of $6,000 for 10 years is equivalent to what present amount at…

A: Information Provided: Quarterly payments = $6000 Years = 10 Interest rate = 12%

Q: What is the effective annual rate of interest if ​$900.00 grows to ​$1200.00 in four years…

A: Using excel RATE function

Q: (a) If the interest rate is 6% per year compounded quarterly, what is the effective annual interest…

A: Information Provided: Interest rate = 6% compounded quarterly   NOTE: As per our policy, we only…

Q: If 8% per year is compounded bi-annually, what is the effective annual rate?

A: The effective annual rate is the rate that has an annual compounding frequency. It is calculated to…

Q: What are the effective annual rates of the following: a) 12% APR compounded monthly? b) 16% APR…

A: Effective Annual Rates (EAR) = ( 1+ APR/m)m - 1 APR = Annual Percentage Rate n = number of…

Q: An interest rate of effective 30% per year .compounded semiannually is nearest to

A: Interest rate per year= 30% Rate of interest when compounded semi annually=?

Q: What interest rate compounded monthly is equivalent to an interest rate of 14% compounded quarterly?

A: While estimating the future value or present value of particular investment, an investor would be…

Q: For an interest rate compounded annually of 7%, what is the equivalent interest rate compounded:  a.…

A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: For a sum of 1,050 to triple itself in 8 years and 6 months, what must be the rate of interest…

A: Investment amount (PV) = 1050 Future value (FV) = 1050*3 = 3150 Period = 8 Years and 6 Months Semi…