What is the effective rate (APY) of 6% compounded daily?

Q: Find the effective interest rate per quarter at a nominal rate of 8% compounded (a) weekly, (b)…

A: The effective interest rate is the interest rate on a loan or financial product restated from the…

Q: How do I determine the effective yield for 11.75% compounded annually?

A: Here, n = 1.Interest rate is, r = 11.75% =0.1175.

Q: 3) Find the internal rate of return to the nearest per cent.

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Q: What is the total compounding period for 3.5 years compounded monthly?

A: Answer : Given, compounded period 3.5 years .                  Then we have to find compounded…

Q: Find the effective yield of an investment that earns 5% compounded weekly. % round to the nearest…

A: Given ,  rate of interest = 5% weekly

Q: What rate of interest compounded annually is required todouble an investment in 6 years?

A: We know that, A=P1+rnnt         ...(1) Where A =  final amount. P = Initial principal balance r =…

Q: What interest rate compounded quarterly will yield an effective interest rate of 9%? A rate of %…

A: Please see the explanation below

Q: Find the effective yield of an investment that earns 4.75% compounded weekly. % round to the nearest…

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Q: What rate of interest compounded annually is required to double an investment in 4 years? The rate…

A: Formula used:The simply annual compound interest formula

Q: Find the amount that results from the given investment. $700 invested at 4% compounded daily after a…

A: Compound interest:In compound interest, interest is added back to the principal sum so that interest…

Q: What nominal rate of interest, compounded monthly, corresponds to an  effective rate of 4.5% ?

A: Thanks for the question :)And your upvote will be really appreciable ;)

Q: What principle will amount to $9500 if invested at 3.5% compounded semi-annually for 9 years? The…

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Q: Trinh invested $3800 at an annual interest rate of 8%, compounded annually. How much will she have…

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Q: what annual ratte of interst compounded annually is required to double an investment in 9 years?…

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Q: If the price of gold decreases at a monthly rate of 1.8%, by what percentage does it decrease in a…

A: Consider the price of the gold is 100. Since after a period of 12 months the price of the gold…

Q: What is the annual percentage yield of 8% compounded semi-annually?

A: Given : Nominal interest rate  = 8% compounded semi-annually we have to calculate the annual…

Q: at what nominal rate, compounded monthly, would $13000 have to be invested to amount 22,716.49 in 7…

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

Q: $10,000 is invested for 10 years with an APR of 2% and quarterly compounding.

A: Given information P=$10,000 Rate of interest r=2%  ⇒r=2100=0.02 Time t=10 years For quarterly…

Q: Find the amount that results from the given investment. $300 after 3 years invested at 9% compounded…

A: Compound interest:In compound interest, interest is added back to the principal sum so that interest…

Q: At what nominal rate compounded semi-annually will Php5,000 amount to Php6,000 in 2 years? What is…

A: Given n=2, P=Php5,000, A=Php6,000, t=2. We first find nominal interest rate (assumse r%).

Q: Find the effective yield of an investment that earns 7.65% compounded daily. round to the nearest…

A: Compounded daily ie m=365. Rate 7.65%. Find effective annual rate.

Q: Find the time required for an investment of 5000 dollars to grow to 8200 dollars at an interest rate…

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Q: Find the effective yield of an investment that earns 2.85% compounded daily.

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Q: What is the effective rate (APY) of 6% compounded daily?

A: Given-  Annual rate- 6%  Compounding (m) = daily(365/yr)

Q: What is the APY for money invested at each​ rate? ​(A) 66​%compounded quarterly ​(B) 44​%compounded…

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Q: What is the equivalent annual rate, compounded continuously, of an annual rate of 144%, compounded…

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Q: Find the time required for an investment of 5000 dollars to grow to 6600 dollars at an interest rate…

A: An investment of 5000 dollars to grow 6600 dollars at an interest rate of 7.5 percent per…

Q: If the value of Leo’s house goes up from $350,000 to $450,000 in the next 6 years, what was the…

A: Simple Growth percentage in the House value in the 6 years = (450000-350000)/350000 = 0.285714285 ~…

Q: Find the effective yield of an investment that earns 6.85% compounded daily. % round to the nearest…

A: Here we find effective yield percent.

Q: Find the effective rate equivalent to a rate of 14% compounded quarterly. (Round the final answer…

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Q: $2000 is invested for 5 years with an APR of 3% and daily compounding.

A: We have to apply the compound interest formula to solve the given problem.

Q: Find the time required for an investment of 5000 dollars to grow to 7300 dollars at an interest rate…

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Q: Find the annual percentage yield for an investment that earns 8% per year, compounded monthly.

A: We have to find the percentage yield for an investment that earns 8% per year compounded monthly. We…

Q: effective interest rate per quarter

A: Effective Rate of interest: This is the total interest urn on Rupee one in a year even though the…

Q: Find the time required for an investment of 5000 dollars to grow to 7600 dollars at an interest rate…

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Q: Find the annual yield corresponding to a nominal rate of 8 1/2% compounded monthly.

A: Annual yield implies the total amount earned on the investments or deposits done, when the interest…

Q: $2000 is compounded annually at a rate of 10​% for 3 years.

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Q: Find the time required for an investment of 5000 dollars to grow to 9000 dollars at an interest rate…

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Q: Find the annual yield corresponding to the nominal rate of 4% compounded quarterly. (Round the…

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Q: A $50,000 GIC will earn $70,000 of interest over its 10-year term. What is the monthly compounded…

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Q: An initial investment of $5000 doubles in value in 6.3 years. Assuming continuous compounding, what…

A: Given Data, P = $5000 t = 6.3 years r = ?

Q: Find the time required for an investment of 5000 dollars to grow to 6300 dollars at an interest rate…

A: An investment of $5000 to grow to $6300 at an interest rate of 7.5 % per year, compounded quarterly…

Q: What annual interest rate compounded continuously is equivalent to 15% compounded quarterly?

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Q: A particular car model depreciates 12.6 percent annually. Find the value of a $25450 car 5 years…

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Q: We invested $15000 in a project that returns 12% interest compounded annually (yearly). How much…

A: the formula used here, A=p(1+r100)t compund interest(CI)=A-p where, A=amount p=principal invested…

Q: Find the annual percentage yield for an investment that earns 2.5% each year, compounded daily.…

A: Consider the following: The rate of interest per year,r = 2.5%…

Q: What nominal rate, compounded semi-annually, yields the same amount as 16% compounded quarterly?

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Q: What is the periodic rate (i) of 10.8% when compounded quarterly?

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Q: Use the compound interest formula to determine the accumulated balance after the stated period.…

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