Q: What is the effective annual rate (EAR) if the stated rate is 8 percent and compounding occurs…
A: In this question we need to calculate the effective annual rate (EAR).
Q: What nominal rate compounded monthly is equivalent to 20% compounded annually? Round off your answer…
A: Effective annual interest rate represents the total interest rate after taking compounding effect…
Q: If $3500 is deposited at the end of each quarter in an account that earns 7% compounded quarterly,…
A: Future value of annuity is: = P * ([1 + I]^N - 1 )/I, where P is annuity amount. I is equal to the…
Q: if the nominal rate is 11.5% per year compounded continuously, what is the equivalent effective rate…
A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: What is the nominal rate if the effective rate is15.32% compounded semi-annually?
A: Effective annual rate (EAR) refers to a real interest rate which an investor is expect from his…
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: What is the annual compounding rate per semester equivalent to 12.96% annually compounded monthly?
A: Given Information Annual rate =12.96% To find -Annual Compounding rate per semester equivalent to…
Q: What interest will be earned if $6000 is invested for 5 years at 11% compounded monthly? (Round your…
A: Using excel FV function
Q: What is the discounted value oft $780.00 paid at the end of every Six tmonths for 10 years if…
A: given, A=$780 n=10 year r=12% compounding (m)= 12 number of payment per period (q) = 2
Q: At what per annum rate must $232 be compounded monthly for it to grow to $617 in 10 years?
A: EXCEL FORMULA:
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: 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: Suppose you were to receive $1,000 at the end of 10 years. If your opportunity rate is 10 percent,…
A: given, FV = $1000 N=10 R=10%
Q: Given a 10% APR, what is the Effective Annual Rate, given quarterly compounding? _%
A: Effective rate = [ 1 + ( APR / Number of compounding per year ) ]Number of compounding per year - 1
Q: assuming a rate of 10% annually, find the FV of 1,000 after 5 yearas
A: The formula for the calculation of Future value is as follows: Future value=Present…
Q: tive rate? 7% p.a compounded quarterly
A: The given problem can be solved using EFFECT function in excel. EFFECT function computes effective…
Q: e? 6 % p.a compounded monthly
A: The given problem can be solved using EFFECT function in excel. EFFECT function computes effective…
Q: What is the present value of annual payments of $2,000 for 12 years at 1 percent?
A: Present Value of Annuity is that amount which was invested by the investor today for receiving the…
Q: If the nominal rate is 16.5% per year compounded quarterly, what is the equivalent effective rate of…
A: Annual interest rate (R) = 16.5% Compounding per year (M) = 4 Period of effective rate (N) = 3 Years
Q: If $19,000 is invested at 5% compounded quarterly, what is the amount after 9 years? The amount…
A: Given: Present value = $19,000 Interest rate = 5% Years = 9
Q: At 8% compounded annually, how long will it take 750 to double?
A: Given information: Present value is $750 Interest rate is 8% Future value is double the present…
Q: At end of three years, how much is an initial deposit of $100 worth, assuming a compound annual rate…
A: FV is the worth of amount that will be paid or received in future. The formula for the computation…
Q: If the APR is 10% and compounding is monthly, then the Effective Annual Rate is:
A: Using the Effective function in excel
Q: What is the value of an ordinary annuity at the end of 10 years if $500 per quarter is deposited…
A: Amount Deposited per quarter = $500 Years = 10 Rate =8% Total terms(n) = 10*4 =40 Rate per quarter…
Q: If $5500 is deposited at the end of each quarter in an account that earns 7% compounded quarterly,…
A: Given data; deposit amount = $5500 rate of interest = 7% Future value of annuity = $90,000
Q: What is the effective rate equivalent of 15% compounded quarterly?
A: Interest rate (r) = 15% Number of compounding per year (m) = 4
Q: what is the effective annual rate of 13% (APR) compounted monthly?
A: Given, Rate of Interest = 13% Compounding Frequency = Monthly Effective Annual Rate is the total…
Q: nnual rate for a nominal annual rate of 12% compounded we
A: The given problem can be solved using EFFECT function in excel. EFFECT function computes effective…
Q: What is the future value of $5,000 deposited for four years compounded atan annual rate of 10…
A: Annual Compounding Interest rate 10.00% Period (NPER) 4 Present Value 5000…
Q: If 36,400 dollars is invested at an interest rate of 7 percent per year, find the value of the…
A: The future value is the future worth of the amount that will be paid or received in the future.
Q: How many monthly payments of $270 will it to save up $4861 when interest is 3.67% compounded…
A: Monthly payment (P) = $270 Interest rate = 3.67% Monthly interest rate (r) = [{1+0.0367/2}2]1/12-1…
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: At what per annum rate must $357 be compounded monthly for it to grow to $760 in 11 years? (Round to…
A: To calculate the annual interest rate we will use the below formula Annual interest rate =…
Q: How much money must be invested at 16% annually, compounded quarterly, to obtain $1,400 in three…
A: A concept that implies the future worth of the money is lower than its current value due to several…
Q: If $0,000 per quarter is invested in an account that eams a nominal annual interest rate of 9%…
A: The amount in the account at the end of the 6 years is the future value. The nominal annual rate…
Q: What is the effective annual rate (EAR) of 8% per year, compounded monthly? Select one: O a. 8.29% O…
A: given, r=8% m = 12 ( monthly compounding)
Q: What is the effective annual rate for an APR of 15.70 percent compounded monthly?
A: The effective annual Rate will be computed according to the formula..... i=(1+rm)m−1.. Where rm…
Q: What is the effective rate equivalent to 17% compounded quarterly?
A: “Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only…
Q: What is the effective annual rate (EAR) for an APR of 10.90 percent compounded quarterly?
A: APR= 10.9% Compounded = Quarterly Find out Effective annual rate (EAR) Then for Quarterly APR=…
Q: what is the equivalent percent of 20% compounded quarterly if converted to compounded monthly.
A: Interest rate (r) = 20% Number of compounding per year (n) = 4 Effective annual interest rate =…
Q: What is the principal that will grow to $2600 in four years, one month at 4 5% compounded annualy?…
A: present value formula: present value =future value1+rnwhere,r=rate of interestn = number of years
Q: What is the future value of $950 paid on the last day of each 6 months for 12 years assuming an…
A: The future value represents the amount which going to be received in the future. The formula used to…
Q: If 5,000 shall accumulate for 10 years at 8% compounded quarterly, then what is the compound…
A: Given: Present value = 5000 Number of years = 10 The interest rate is: i'=in4=i44=0.084=0.02
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…
What is the APY of 7%, compounded monthly? Round your answer to the nearest hundredth of a percent.
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- What is the effective annual rate (EAR) for an APR of 10.90 percent compounded quarterly?if the nominal rate is 11.5% per year compounded continuously, what is the equivalent effective rate of interest per bi monthWhat interest will be earned if $6500 is invested for 7 years at 10% compounded monthly? (Round your answer to the nearest cent.)$
- Find the nominal rate compounded semi annually which is equivalent to 20% compounded quarterly. What is the corresponding effective rate?At what per annum rate must $357 be compounded monthly for it to grow to $760 in 11 years? (Round to 100th of a percent and enter your answer as a percentage, e.g., 12.34 for 12.34%)What are the effective annual rates of the following: a) 12% APR compounded monthly? b) 16% APR compounded annually? c) 6% APR compounded daily?