What is the effective rate corresponding to 18% compounded daily? Take 1 year is equal to 360 days

Q: What interest rate, compounded semiannually would cause 6600 to grow to 8800 over 2 years? Give your…

A: Compound interest

Q: PLEASE TYPE IT AND NOT HANDWRITTEN Determine the rate compounded semi-annually at which P10,000…

A: The amount for compound interest is given by A=P1+rnnt where A is the amount  P is the principal…

Q: Principle: $ 400 Rate: 3.5 % compounded monthly Time: .75 yrs New Balance

A: According to the given information, it is required to find the new balance.

Q: Find the present value that will grow to $9,000 if the annual interest rate is 2.5% compounded…

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Q: A sum of $6,000 deposited in an account grows to $8,000 in 5 years. Assuming annual compounding,…

A: to find :- rate of interest = r %

Q: Capitec bank announced that their saving account would pay a nominal interest rate of 11% p.a…

A: The effective interest rate for a period is the interest paid for the specific amount of time or…

Q: How much money will you have after 5 years, if you invest 00000 at thé raté ol 2% compounded…

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Q: You deposit $ 9,906 in an account earning 4 % interest compounded monthly. How much will you have in…

A: Given Data: The principle investment is: P=9906 $. The interest rate is per month is: r=4% Total…

Q: How many years are needed for doubling 100 TL with annual interest 5,1% ?

A: Given,  100 TL with the annual interest 5.1%.

Q: Find how much money should be deposited in a bank paying interest at a rate of 3.5% a year…

A: Compounding quarterly.

Q: What rate of interest compounded annually is required to double an investment in 2 years?   The…

A: Let the final amount is A.   As we know that the expression for the amount is:   A=P1+rnnt   Where:…

Q: Find the amount that results from the given investment. $300 invested at 2% compounded quarterly…

A:

Q: Amelia is going to invest in an account paying an interest rate of 6.5% compounded daily. How mueh…

A: Given interest rate, r = 6.5% = 0.065 Amount, After 5 years, A = $10,200 Time, t = 5 years

Q: Find the present value that will grow to $3000 if the annual interest rate is 7.5% compounded…

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Q: Find the accumulated amount after 2 years if $6500 is invested at 4%/year compounded continuously.…

A: Compound interest is given by: A=P(1+r/n)nt A is the amount P is the amount of money invested r is…

Q: A company will need $25,000 in 8 years for a new addition. To meet this goal, the company deposits…

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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 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: If you borrow $2,500 at 7% interest, what is the amount that you will owe in five years if…

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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 lump sum must be invested at 10%, compounded monthly, for the investment to grow to $59,000 in…

A: Monthly compounded formula: **rate r is taken in decimal. for example, 8% is taken as 0.08

Q: What monthly compounding nominal interest rate is earned on an investment that doubles in 10 years?…

A: We have to find the interest rate.

Q: If we place Ghc 100 in the savings account that yield 12% compound quarterly, what nearest Ghc would…

A: If we place Ghc 100 in the savings account that yield 12% compound quarterly, what nearest Ghc would…

Q: Find the amount that results from the given investment. $600 invested at 5% compounded quarterly…

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Q: Lauren is going to invest in an account paying an interest rate of 3.4% compounded annually. How…

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Q: A mutual fund pays 14% compounded monthly. How much should I invest now so that 5 years from now I…

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Q: Find the effective rate of an account that earns 6.3% compounded: Round your answers to 4 decimal…

A: To find the effective rate of an account that earns 6.3% compounded:

Q: You start to save for retirement. At the end of every year, you invest $3000 into an account that…

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Q: We put $500 in an account earning interest compounded continously. What interest rate do we need if…

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

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Q: Suppose that we deposit $1000 in a bank account offering 3% interest, compounded monthly. How will…

A: Given that $1000 is deposited in a bank account offering 3% which is compounded monthly. It is…

Q: Over the last 6 years, a corporation's debt grew by $4, 738, 104 . Calculate the average rate at…

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Q: 3.An amount of 1000 becomes 1608.44 after 4 yrs compounded bi monthly determine the nominal and…

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Q: What lump sum must be invested at 10%, compounded monthly, for the investment to grow to $54,000 in…

A: We know the formula for Amount A=P1+rnnt Where, P=Principal r=rate of interest n=number of times…

Q: You are given a choice of taking the simple interest on $100,000 invested for 4 years at a rate of…

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Q: A sum of $7,000 deposited in an account grows to $10,000 in 4 years. Assuming annual compounding,…

A: In 4 years, the deposit amount $7000 grows to $10,000.

Q: The Central Bank pays 3.6% compounded monthly on certain types of deposits. What is the effective…

A: The central bank pays 3.6% compounded monthly on certain types of deposits. We have to find the…

Q: Venkat lends a sum P at r% compound interest, compounded every moment for ten years. It becomes “a”…

A:

Q: Find the amount invested in a saving account so that the balance at 8% interest compounded daily is…

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Q: Find the amount that results from the given investment. $200 invested at 7% compounded daily after a…

A: Given data: Principal(P) = $ 200 annual rate(r) = 7% time(t) = 2 years times/ year (m) = 365…

Q: An annuity of P14,431 is to be paid in 5 years at the rate of 4% compounded continuously, What is…

A: Formula: P=PMT×1-11+rnr where P= present value of annuity PMT= the amount in each annuity payment r=…

Q: My brother invested 18,000 in securities that yield 6% annually for 2 years. How will I compute for…

A: The formula for the simple interest is given as  SI = PRT where SI is the simple interest , P is the…

Q: How much interest will you have to pay for a credit card balance of $660 that is 1 month overdue, if…

A: I have stated the used formula in the solution

Q: A bank note will be worth $86,500 when it matures in 7 years. If the note pays 4.76% per year…

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Q: Suppose you invest Php 25,00o0.00 in a bank. You leave the money for 6 years, each year getting 5%…

A: Principal value, P=25000Time period, t=6Rate of interest, r=5%

Q: Assuming the general level of inflation in Ghana is 15% per year; find the number of years it will…

A: To determine the time the prices take to double their original value

Q: $1500 is invested at a rate of 8% coumpounded quarterly. What is the amount at the end of 5 years?

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Q: What amount will be deposited in a bank at 10% compounded quarterly that will accumulate to P125 000…

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Q: Find the amount that results from the given investment. $400 invested at 10% compounded quarterly…

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