What is the equivalent annual rate, compounded continuously, of an annual rate of 144%, compounded monthly? Give the exact value.

Q: What rate of interest compounded quarterly will yield an effective interest rate of 7%?

A: Effective interest rate=1+inn-1

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: What monthly rate of interest is equivalent to 3.6% p.a. compounding semi-annually?

A: = final amount = Principal = interest rate = number of times interest applied per time…

Q: What is the value of a $200 investment which earns continuous compound interest of 2.5% annually for…

A: It is given that the initial principal balance is $200 and the rate of interest of 2.5% annually.…

Q: If you invest $500 in an account that has an intrest rate of 4.5% compounding monthly,    a) how…

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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: Which is better, an account paying 3.7% Interest compounded continuously or an account paying 3.75%…

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Q: How many years will it take for an initial investment of $10,000 to grow to $15,000? Assume a rate…

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Q: For an interest rate of 6% p.a. Determine the effective interest rate if it is compounded monthly.

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Q: A passbook savings account has a rate of 5%. Find the effective annual​ yield, rounded to the…

A: Consider the provided question, Given, Interest rate(r)  =  5% = 0.05 Compounded periods = 1000 So,…

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

A: Please see the explanation below

Q: What is the rate on an investment that doubles $9916 in 20 years? Interest is compounded quarterly.

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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: Find the effective rate corresponding to the given nominal rate. (a) 1.5%/year compounded monthly %…

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Q: ...* ... .... ....... If you invest $50,000 at 5% interest compounded continuously, what is the…

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Q: An interest rate of 8% per 6 months, compounded monthly, is equivalent to what effective rate per…

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Q: If $900 is deposited in an account paying 9 % annual interest, compounded continuously, how long…

A: We can find the time as below.

Q: Use the compound interest formulas to solve:How long, to the nearest tenth of a year, will it take…

A: Given, Final amount A=$8000 Initial Principal balance P=$4000 Interest rate r=5%=0.05 and n=4

Q: What is the effective annual interest rate of a 4% nominal annual interest rate compounded daily.…

A: Effective Interest Rate i=1+rMM-1×100 % where r is nominal interest rate M is number of compounding…

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: What annual rate of interest compounded annually is required to double an investment in 7 years?…

A: The formula to calculate compound interest is A = P ( 1 + r/n )t*n

Q: What is the nominal rate of interest if 4,000 accumulates to 10,000 in 8 years with interest…

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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 rate of interest compounded annually is required totriple an investment in 5 years?

A: Suppose the rate is  r at which the investment is triple in 5 years compounded annually.

Q: What interest rate, to the nearest tenth of a percent, is required for an investment subject to…

A: we have to use the formula for compound interest to find interest rate, to the nearest tenth of a…

Q: $12,000 is invested at a rate of 7% / annum compounded annually. How long will it take to triple?

A: Given the principal amount $12,000 and the rate of interest on the amount is 7% /annum compounded…

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

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Q: What rate of interest compounded annually is needed to make an investment of $6,500 accumulate to an…

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Q: What interest rate compounded semiannually will yield an effective interest rate of 3%? A rate of %…

A: Rate of interest compounded semiannually

Q: If $12,000 is deposited in an account paying 8% interest per year, compounded continuously, how long…

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Q: what annual rate compounded continuously is equivalent to a nominal rate of 6% compounded…

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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: Given an interest rate of 7.2% per year, compounded continuously. What is the quarterly interest…

A: Given query is to find the quarterly intrest rate.

Q: What is the doubling time for: (a) $1500 invested into an account bearing 3% interest compounded…

A: To find the doubling time for  (a) $1500 invested into an account bearing  3% interest compounded…

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

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Q: If you invest $15,000 at 10% interest compounded continuously, what is the average amount in your…

A: This question is about continuous compounding

Q: A bank quotes an interest rate as 0.06341 annual effective yield. What interest rate, compounded…

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Q: Use the formula for continuous compounding to solve:What interest rate, to the nearest percent, is…

A: A=P ertP is the initial amount or invested amountA is the amount after t years.

Q: Find the compounded interest (rounded to four decimal places) if $4000 is invested for four (4)…

A: we know that  A=P(1+r%n)nt A= amount  P =principal=4000 r= rate of interest =6 n= compounded times =…

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

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Q: If 10,200 accumulates interest at an annual rate of 9% , compounded continuously, how much will be…

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Q: Calculate the amount of INTEREST earned in an account with initial investment of $25,000 in 10 years…

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Q: If you invest $8,600 in an account paying 8.4% annual interest rate, compounded continuously, how…

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Q: If $3,000 is invested at 6% compound monthly, what is the amount after 8 years?

A: If $3,000 is invested at 6% compound monthly, what is the amount after 8 years?

Q: What is the value of a $500 investment which earns continuous compound interest of 1% annually for…

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Q: Determine how much time is required for an investment to double in value if interest is earned at…

A: Given:Determine how much time is required for an investment to double in value if interest is earned…

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

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