Solve the following:USE 4 DECIMAL PLACESNominal Rate5% compoundedsemi annually5% compoundedquarterly5% compoundedbi monthly5% compoundedcontinouslyEffective rateEffective rate(bi-month) (quarter)(a)(d)Type your final answer:a. Blank 1b. Blank 2c. Blank 3d. Blank 4e. Blank 5f. Blank 6g.Blank 7h.Blank 8Effective rate(month)(b)(1)Effective rate(semi annual)(e)Effective sate(year)(c)(h)(Round off your final answer to 5 decimal places and do not put unit ofmeasurement)

Interest rate is used to calculate the future value and or present value of investments. Though…

USE 4 DECIMAL PLACES Nominal Rate 5% compounded semi annually 5% compounded quarterly 5% compounded bi monthly 5% compounded continously Effective rate (bi- month) (a) g.Blank 7 h.Blank 8 Type your final answer: a. Blank 1 b. Blank 2 c. Blank 3 d. Blank 4 e. Blank 5 f. Blank 6 Effective rate (quarter) (d) Effective rate (month) (b) (f) Effective rate (semi annual) (e) Effective mate (year) (c) (Round off your final answer to 5 decimal places and do not put unit of measurement) (h)

USE 4 DECIMAL PLACES Nominal Rate 5% compounded semi annually 5% compounded quarterly 5% compounded bi monthly 5% compounded continously Effective rate (bi- month) (a) g.Blank 7 h.Blank 8 Type your final answer: a. Blank 1 b. Blank 2 c. Blank 3 d. Blank 4 e. Blank 5 f. Blank 6 Effective rate (quarter) (d) Effective rate (month) (b) (f) Effective rate (semi annual) (e) Effective mate (year) (c) (Round off your final answer to 5 decimal places and do not put unit of measurement) (h)

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA3: Time Value Of Money

Section: Chapter Questions

Problem 3CE

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Similar questions

Stated Rate (APR) Number of Times Compounded Effective Rate (EAR) 12.00 % Quarterly % 14.00 % Monthly % 18.00 % Daily % 14.00 % Semiannually Find the EAR in each of the following cases. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. Use 365 days in a year.)
Let y be the balance in an account if you deposit $5000 for x years at 4% APR compounded monthly. USE ALL DECIMALS a) Write the formula for y = f(x) b) Then rewrite the formula as an annual compounding (APY) formula y = c) The APY (clear from part b) is:
1.2) APR, or stated rate, in each of the following cases: Stated rate (APR) Number of Times Compounded Effective rate (EAR) Semiannually 14.2% Monthly 18.4% Weekly 11.1% Infinite 8.9% A) Calculate the APR.
If 16% pa is an annual percentage rate (APR) compounding every quarter, which of the following is NOT correct? All percentages are given to 5 decimal places. a. Effective quarterly rate is 4.00000% per quarter. b.Continuously compounded semi-annual rate is 7.84414% per half year. c. Continuously compounded quarterly rate is 3.92207% per quarter. d. Effective monthly rate is 1.84756% per month. e. The annual percentage rate (APR) compounding every month is 15.79128%.
1. What balance will be in an account at the end of 10 years, if € 3 500 is deposited today and the account earns 3,5% annual interest, compounded a) annually? b) semi-annually? c) quarterly? d) monthly? using TVM functions mannully Principal Interest rate Time period Compounding frequency Total number of compounding periods Interest per period Total Interest earned Final balance = FV Final balance = FV (EUR) (as a decimal) (number of years) (times per year) (as a decimal) (EUR) (EUR) (EUR) 3,500 0.035 10 1 10 0.0350 1,437.10 4,937.10 4,937.10 3,500 0.035 10 2 20 0.0175 1,451.72 4,951.72 4,951.72 3,500 0.035 10 4 40 0.0088 1,459.18 4,959.18 4,959.18 3,500 0.035 10 12 120 0.0029 1,464.21 4,964.21 4,964.21
calculate the following: Principal: 55,000 rate: 6.25% Time in years: simple interst: $5,156.25
Complete the following without using Table 12.1. Principal $575, Time 1 year, Rate 4%, Compounded quarterly. What is the periods?
Solve by using compound table: (Round the "Total Amount" and "Total Interest" to the nearest cent.) Principal Time Rate of Compound When Compounded # of Periods to be Compounded Total Amount Total Interest $300 1 year 16% Quarterly
Anna-Mae is being charged "12.99% APR compounded daily." What effective annual rate is she being charged? Enter rate in decimals, rounded to the fourth digit, as in "0.1234"
1.   What balance will be in an account at the end of 10 years, if € 3 500 is deposited today and the account earns 3,5% annual interest, compounded                                 a) monthly? using TVM functions mannully Principal Interest rate           Time period Compounding frequency Total number of compounding periods Interest per period Total Interest earned Final balance = FV Final balance = FV (EUR) (as a decimal) (number of years) (times per year) (as a decimal) (EUR) (EUR) (EUR) 3,500 0.035 10 1 10 0.0350 1,437.10 4,937.10 4,937.10 3,500 0.035 10 2 20 0.0175 1,451.72 4,951.72 4,951.72 3,500 0.035 10 4 40 0.0088 1,459.18 4,959.18 4,959.18 3,500 0.035 10 12 120 0.0029 1,464.21 4,964.21 4,964.21
(A/F,15% monthly,3years) has a value equals to a. 0.022    b. 0.008 c. 0.078 d. 0.038
(A/P, 12% quarterly,8 yrs) has a value equals to Select one: a. 0.049 b. 0.048    c. 0.078 d. 0.0426