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- 8%pa interest compound monthly What is Annual effective rate?Determine the nominal interest rate compounded continuously corresponding to an effective interest rate of 12% per year. Select one: a. 11.33% b. 11.75% c. 10.68% d. 10.25%10. Find the per period rate and the APR (the stated interest rate) for each case: (Round Per period rate to 3 decimal places.) Effective Annual Intrest Rate Compounding Period Per Period Rate APR 10.00% 1 month 6.09% 6 months 8.24% 3 months
- Rate of interest = 12% 1. How much must be the present value of Php 100 if it is to be receivedafter one (1) year, two (2) years, and five (5) years?12. What is the nominal annual rate of interest compounded semi-annually if deposits of $225 made each month for 4.0 years accumulate to $ 12,200? The nominal annual rate of interest is % compounded semi-annually. (Round to two decimal places as neededK1. The present value of a 6-year annuity is X. The annuity pays 5 at the end of the first month, 10 at the end of the second month, and for each month thereafter the payment increases by 5. The annual nominal interest rate is 7% compounded quarterly. Calculate X.
- Question 3 The Wells River Savings Bank is offering a 2 year CD for 1.11% Annual Interest, compounded monthly. What is the Annual Percentage Yield? Enter your answer as a percentage accurate to 2 decimal places. Do not include a percent symbol.2. A P100 investment yields P112.55 in one year. The interest on the investment was compounded quarterly. From this information, what was the stated rate or APR of the investment? a.12.55%b.12.25%c.12.15%d.12.00%Qb 10. a mortgage of $32000 is repaid by making payments of $353 at the end of each monyth for 13 years. what is the nominal annual rate of interest compounded annually?
- Answer the following Compound Interest problem using the provided formula ONLY. Show your complete solution. 11. Compound Interest What rate in percent compounded monthly is equivalent to 18% compounded semi-annually? 14. When compounded bi-monthly, P150,000 becomes P223,183 after 5 years. What is the nominal rate of interest?Given a compounded interest rate equivalent 13.25% compounded quarterly for 3.5 years. Find the accumulation factor value using the formula (1+i)^nQ9 A deposit of $720 earns interest rates of 8 percent in the first year and 11 percent in the second year. What would be the second year future value? (Round your answer to 2 decimal places.) FUTURE VALUE?