What is the monthly interest rate if an annual rate is 13.4%? The monthly interest rate is %. (Type an integer or decimal rounded to two decimal places as needed.)
Q: What is the effective annual rate of interest if $1200.00 grows to $1500.00 in two years compounded…
A: As per the given information: Future value = $1500 Present value = $1200 Period = 2 years compounded…
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A: The effective annual interest rate is the real return on a savings account or any interest-paying…
Q: OYou are told the effective interest rate on an account is 9.1.%. if the interest is compounded…
A: The question is based on the concept of calculation of effective interest rate with continuous…
Q: Suppose you make quarterly deposits into an account that earns 6% annual interest compounded…
A: Interest rate (r) = 6% Number of compounding per year (m) = 12
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A: Effective annual interest rate represents the total interest rate after taking compounding effect…
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A: Nominal Interest Rate: When the market inflation is not taken into consideration while computing the…
Q: If the effective annual interest rate is 14%, what is the nominal annual rate if compounding is…
A: The Bi-monthly compounding means the interest is compounded in every two month and the interest…
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A: The nominal interest rate refers to the periodic interest rate multiplied by the number of periods…
Q: What is the equivalent rate of interest (in %) for a discount rate of 7.9% for 77 days? Round your…
A: Interest rate is referred as the percentage of the principal charged through the lender regarding…
Q: Find the nominal rate, which if converted quarterly could be used instead of 12% compounded…
A: Let the nominal rate converted quarterly = r Semiannually compounded rate = i = 12% Compounding…
Q: Find the nominal rate compounded monthly which is equivalent to 12% compounded quarterly. What is…
A: Interest rate = 12% compounded quarterly We need to find the nominal rate compounded monthly which…
Q: A daily perpetuity of $3.33 is to be valued when the effective annual rate of interest is 8.25%.…
A: Effective annual rate =8.25% or 0.0825 Daily rate =( 0.0825/365 ) Daily perpetuity = $ 3.33
Q: Find the effective annual rate associated with an 8% nominal rate when interest rate is compounded…
A: The effective annual rate is referred to as the true interest rate on any interest-paying investment…
Q: If the stated annual rate of interest compounded semi-annually is 12.5% then what is the equivalent…
A: Interest rate (APR) = 12.5% Number of compounding per year (m) = 2
Q: What effective annual interest rate to the nominal interest rate of 6% compounded monthly?
A: Interest rate (r) = 6% Number of compounding per year (m) = 12
Q: If you borrowed $1,175 for 11 months at a simple interest rate of 5.00% per annum, how much interest…
A: Interest = Principal * Rate * Time
Q: Use the given annual interest rate r and the compounding period to find i, the interest rate per…
A: Information Provided: 5.45% compounded monthly
Q: An amount of $9,250.00 is deposited into an account today, it is expected to increase to a maturity…
A: The interest rate which doesn't show the actual impact resulting because of adding interest on…
Q: What nominal interest rate per year is equivalent to an effective 18% per year compounded…
A: Given: Effective interest rate = 18% Compounding semi annually
Q: What is the nominal rate of interest compounded semi annually which is equal to 8.81% compounded…
A: Interest rate (APR) = 8.81% Compounding per year (M) = 4
Q: est is paid at a rate of 5% per year, compounded quarterly, what is the effective annual rate?
A: The given problem can be solved using EFFECT function in excel. EFFECT function computes effective…
Q: What is the effective interest rate per month if the interest rate is 9% compounded continuosly?
A: The effective interest rate is the actual return on a savings account or any other interest bearing…
Q: An interest pays 1% interest rate, calculate the nominal rate of interest compounded weekly?
A: Interest rate can be defined as the percentage rate at which the interest over the investment or…
Q: The annual interest rate is 12%. Find (a) the semi-annual rate, (b) the quarterly rate, (c) the…
A: semi-annual rate is the rate that is compounded twice a year (i,e) for every six months is called…
Q: A rate of 2% per quarter compounded quarterly is closest to what annual compounded interest rate?…
A: The annual interest rate is computed after accounting for the number of periods of compounding and…
Q: If the nominal or headline rate of interest is 24%, what is the effective annual rate i.…
A: The nominal rate of interest = 24% The effective rate is compounded semi-annually means 2 times a…
Q: What is the nominal rate of interest compounded semi annually which is equal to 8.65% compounded…
A: The effective annual rate of interest is the actual or the real rate of interest paid or received…
Q: Suppose you deposit $ 1296 today and your account will accumulate to $ 5637 in 9 years. What is the…
A: Maturity Amount, A = $ 5637Principal deposited, P = $ 1,296Time period, T = 9 years
Q: If the nominal annual interest rate is 15%, what is the effective interest rate when interest is…
A: Given, Nominal interest rate = 15% Compounded frequency = Monthly We need to compute the effective…
Q: What is the rate of interest per interest period if the nominal rate of interest is 25% compounded…
A: nominal rate of interest = 25% Compounded monthly No. of period = 12
Q: What is the effective interest rate corresponding to a nominal annual rate of. (Round your…
A: Whenever the impacts of compounding over time are considered, the effective annual interest rate is…
Q: If the balance of an account (which earns interest quarterly) is $9,734.33 at the beginning of the…
A: Please refer next sheet
Q: Find the nominal rate compounded annually equivalent to the rate of interest of 8 % compounded…
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A: An interest rate is a rate that is charged by the lender to the borrower for the amount of giving…
Q: An interest rate of 10% compounded monthly is given, compute for the interest rate per perio 0.83% O…
A: Interest Rate per period = Annual interest rate / no. of compounding period
Q: An interest rate of 10% compounded semi-annually is given, compute for the interest rate per period?…
A: An interest rate of 10% compounded semi annually.Interest rate per period is 5%
Q: Use the given annual interest rate r and the compounding period to find i, the interest rate per…
A: GIVEN, annual interest rate (r) = 5.45% frequency of compounding (m) =12 (monthly compounding)
Q: Find the effective annual rate of interest equivalent to a nominal rate of interest of 4.8%…
A: The effective annual interest rate is the real return on a savings account or any interest-paying…
Q: 1.If the nominal rate of interest is 48% compounded bi-monthly, find the rate of interest per…
A: Note : As per the guidelines, only first question will be answered. Given information : Nominal…
Q: % per The effective annual interest rate is year. (Round to two decimal places!)
A: Information Provided: Annual percentage rate = 28% Compouding = Monthly
Q: If the rate of interest is 12% compounded annually, find the equivalent rate of interest if it is…
A: Compounding interest is the interest on the initial amount plus interest. As the compounded interest…
Q: e annual in
A: Given information : Effective annual interest rate = 8% Compounding period = 26 weeks
Q: What is the interest rate per period and the frequency of compounding per year in each of the…
A: Given that, Interest rates = 18% compounded semi annually = 16% compounded…
Q: What is the effective annual interest rate for 10.5% compounded (a) Semiannually ? (b) quarterly…
A: Note: Since you have posted a question with multiple sub-parts, we will solve the first three…
Q: If the annual interest rate is 19%, what is the quarterly interest rate? 4+ decimals
A: Data given Annual Interest Rate (i)= 19% Simple Interest Rate -To convert annual interest rate into…
Q: What rate, compounded monthly, is equivalent to 18% compounded quarterly? What rate, continuously…
A: Since you have posted multiple questions, we will answer the first one for you. If you want a…
Q: If the interest rate is 12% compounded quarterly, what is the interest rate per conversion period?
A: The conversion period for the interest rate is the period in which the interest rate gets…
Q: What interest rate compounded monthly is equivalent to an interest rate of 14% compounded quarterly?
A: While estimating the future value or present value of particular investment, an investor would be…
Given:
Annual rate = 13.4%
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- Define the stated (quoted) or nominal rate INOM as well as the periodic rate IPER. Will the future value be larger or smaller if we compound an initial amount more often than annually—for example, every 6 months, or semiannually—holding the stated interest rate constant? Why? What is the future value of $100 after 5 years under 12% annual compounding? Semiannual compounding? Quarterly compounding? Monthly compounding? Daily compounding? What is the effective annual rate (EAR or EFF%)? What is the EFF% for a nominal rate of 12%, compounded semiannually? Compounded quarterly? Compounded monthly? Compounded daily?If the annual interest rate is 7%, what is the monthly interest rate that would be used as the "r" in the time value of money equation? Hint: the equation uses the decimal equivalent of the percent Enter your answer to four decimal places.If the annual interest rate is 8%, what is the daily interest rate that would be used as the "r" in the time value of money equation? Hint: the equation uses the decimal equivalent of the percent Enter your answer to four decimal places.
- 1.If the nominal rate of interest is 48% compounded bi-monthly, find the rate of interest per period? 2.If the rate of interest is 8% compounded quarterly, find the nominal rate of interest.A bank quotes you an interest rate of 6.6% per annum with quarterly compounding. What is the equivalent rate with annual compounding? Enter your answer in percentage rounded to two decimals places (e.g, 15.45%)What interest rate compounded monthly is equivalent to an interest rate of 14% compounded quarterly?
- What interest rate, compounded monthly, is equivalent to a 10.04% effective interest rate?If the effective annual interest rate is 8%, what is the nominal annual rate if compounding is bi-monthly?What is the nominal rate of interest compounded semi annually which is equal to 8.65% compounded quarterly in percent?
- If the interest rate per day is 0.014%, then what is the annual rate?What is the effective rate (annually compounded rate) of interest corresponding to 9% compounded quarterly? What is the equivalent monthly rate?If the stated annual rate of interest compounded semi-annually is 12.5% then what is the equivalent monthly rate compounded monthly?
