What is the total compounding period for 3.5 years compounded monthly?
Q: What rate of interest compounded quarterly will yield an effective interest rate of 7%?
A: Effective interest rate=1+inn-1
Q: sted is compounded monthly rather than compounded annually?
A: We cannot add funds to the present account so annuity will cover the present worth but cannot be…
Q: Find the present value of OMR 45630 receivable after 12 years at a rate of 13.5% compounded…
A: Given information: Amount is, C=45630. Time period=12. Rate of interest =13.5% It was given that the…
Q: Find the effective rate of the interest that is equivalent to an 9% rate compounded monthly.
A: Effective rate of interest : The Effective Annual Interest Rate (EAR) is the interest rate that is…
Q: 6. What is the compound amount on P25,000 for 5 years at 8%, compounded quarterly?
A: Since there are multiple questions the first questions is answered as per our guidelines. kindly…
Q: Find the effective rate to the nearest hundredth for nominal interest rate. 7% compounded quarterly
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Q: How much must be deposited at the end of each year for 5 years to accumulate to $2919.00 at 4%…
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Q: Suppose $22,000 is invested in an account with an APR of 5.3%. a. If the interest is compounded…
A: Given: P=$22000 R=5.3% annually T= 6 years a) Compounded annually n=1 A=P1+R100nnT…
Q: Calculate the compound amount when $8000 is deposit in an account earning 9% interest compounded…
A: The answer is given below:
Q: Find the amount that results from each investment.$500 invested at 8% compounded quarterly after a…
A: Given that, $500 invested at 8% compounded quarterly after a period of 212 years
Q: Find the effective rate corresponding to the given nominal rate 10% compounded semiannually.
A: Given; Nominal rate , r= 10% Semiannually, n=2
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: Use the appropriate compound interest formula to compute the balance in the account after the stated…
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Q: an investment earns intrest compounded monthly, for 108 compounding periods. For how long is the…
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Q: How much will $12,700 become if it earns 8% annual interest, compounded quarterly, for 60 years?
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Q: Find the effective rate of interest.For 5% compounded quarterly
A: Effective interest rate is the equivalent annual interest rate compounded annually which is…
Q: Find the effective rate of interest corresponding to a nominal rate of 12%/year compounded in the…
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Q: A credit card had an APR of 17.78% all of last year and compounded interest daily. What was the…
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Q: find the present value of $75,000 if interest is paid at a rate 3% per year, compounded monthly for…
A: Only you have to careful what the question saying...wheather it is compounded yearly or compounded…
Q: Use the compound interest formula for compounding more than once a year to determine the accumulated…
A: We have to use compounded quarterly summation formula.
Q: A principal of $2000 is placed in a savings account at 3% per annum compounded annually. How much is…
A: A principal of $2000 is placed in a savings account at 3% per annum compounded annually.
Q: Assume $5000 is deposited in an account that pays 6% annual interest. How much more would be in the…
A: The answer as follows:
Q: Determine how much principal would nee to be deposited in an account for 20 years order to yield…
A:
Q: Use the compound interest formula for continuous compounding to determine the accumulated balance…
A: Given query is to find the amount accumulated after 5 years
Q: Find the present value of OMR 32620 receivable after 10 years at a rate of 12% compounded quarterly
A: Problem Question : Find the present value of OMR 32620 receivable after 10 years at a rate of 12%…
Q: Suppose that $5000 is placed in a savings account at an annual rate of 9.4%, compounded quarterly.…
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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: Find compound interest on $8000 at 15% per year for 2 years 4 months, compounded annually
A: The formula is used to solve the problem is:
Q: Find the effective rate of interest corresponding to a nominal rate of 6% compounded semiannually.
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Q: If the interest on an account is compounded monthly for 5 years, how many total times will it be…
A: Given that interest is compounded monthly. Then, for one year it is compounded 12 times. Number of…
Q: Write down the formula for B if an annual interest rate of 4. 8% is compounded every second month.
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Q: For an interest rate of 1% per 2 months, determine the number of times interest would be compounded…
A: Compounding period: The period between the points at which the interest is added to the account.
Q: Find the amount of money in an account after 4 years if $1800 is deposited at 5% annual interest…
A:
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: Suppose that $6000 is placed in a savings account at an annual rate of 4.2 %, compounded monthly.…
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Q: Find the effective rate corresponding to the given nominal rate 10% compounded semiannually.
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Q: What annual interest rate compounded continuously is equivalent to 15% compounded quarterly?
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Q: A deposit of $550 is made in a savings account that pays an annual interest rate of 1% compounded…
A: The formula of the compound interest is, A=P1+rnnt where, A=Amount after the periodP=principal…
Q: Complete the table for a savings account in which interest is compounded continuously. Initial…
A: Complete the table for a savings account in which interest is compounded continuously. Initial…
Q: About how many years will P 100,000 earn a compound interest of P50,000 if the interest rate is 9%…
A: Here P=50,000 F V=100,000 r=9%=0.09 n=4
Q: How many years if the compounded total conversion periods is 99 when compounded monthly?
A: Solution: Given, Total conversion periods = 99
Q: Find the present value of $40,000 due in 4 years at the given rate of interest. 7%/year compounded…
A:
Q: Find the accumulated amount at the end of 4 years if $5000 is invested at the rate of 10% per year…
A: Given information Amount=$5000 Interest rate r=10% ⇒r=10100=0.1 Time=4 years We have to find the…
Q: Use the compound interest formula to determine the final value of the given amount. $2000 at 6%…
A: topic - exponential function
Q: Use the compound interest formula to determine the accumulated balance after the stated period.…
A:
Q: Suppose you invest $10,145 in an account that earns interest at an APR of 3.9%,compounded annually.…
A:
Q: Find the interest on P10,000 at 5 ½% for 4 years and 6 months compounded monthly.
A: Given that. Find the interest on P10,000 at 5 %2% for 4 years and 6 months compounded monthly.…
Q: Find
A:
Q: Use the compound interest formula to determine the accumulated balance after the stated period.…
A:
What is the total compounding period for 3.5 years compounded monthly?
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