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

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

A: Effective interest rate=1+inn-1

Q: What nominal interest rate compounded monthly is equivalent to 4.50% compounded quarterly?

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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: When Abram was born, his parents put $2,000 into an account that yielded 1.2% interest, compounded…

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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: What lump sum do parents need to deposit in an account earning 13%, compounded monthly, so that it…

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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: What is the annual percentage yield for an account with a nominal interest rate of 12%, compounded…

A: The formula for annual percentage yield is, APY = (1 + i/n)n – 1, where I is the nominal interest…

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

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Q: The Get Rich Investment Group had a $25,000 investment grow to $40,000 over a ten- year period. The…

A: To find the interest rate

Q: Six and a half years ago, Jenna invested $2,500 in a retirement fund that grew at a rate of 6.5% a…

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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: What lump sum must be invested at 8%, compounded quarterly, for the investment to grow to $30,000 in…

A: we will useA =P1+rnntGiven A =$30,000r =0.08n=4      (quaterly)t =12 years

Q: What lump sum do parents need to deposit in an account earning 8%, compounded monthly, so that it…

A: Given:

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

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Q: What lump sum do parents need to deposit in an account earning 9%, compounded monthly, so that it…

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Q: What lump sum do parents need to deposit in an account earning 5%, compounded monthly, so that it…

A: For monthly compound interest, we know, Where,  A = Accumulated amount  P = Principal amount r =…

Q: What lump sum do parents need to deposit in an account earning 8%, compounded monthly, so that it…

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Q: What lump sum do parents need to deposit in an account earning 7%, compounded monthly, so that it…

A: We know, A=P1+rnntA=final amountP=initial principal balancer =interest raten=number of times…

Q: Sumi Kato's savings account has a balance of $1,596. After 21 years what will the amount of interest…

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Q: What lump sum do parents need to deposit in an account earning 11%, compounded monthly, so that it…

A: This is a question of compound interest. Amount, A =$80000 Rate, R= 11% number of years, n= 13 let…

Q: How much should be deposited in an account paying 6% interest compounded monthly in order to have a…

A: For compound interest, we use this formula: A=P1+rnnt A is the final amount of money P is the…

Q: A loan of P72, 000 after 3 years will amount to P128, 600 compounded monthly. What interest rate is…

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Q: What is the interest rate compounded quarterly if 2,500,000 pesos is invested and the amount became…

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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: What is the annual percentage yield of 5% compounded quarterly?

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Q: How much should be paid monthly into an account paying 6% interest compounded monthly so that the…

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Q: If $15,000 is invested at 6% compounded quarterly, what is the amount after 5 years? The amount…

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Q: What lump sum must be invested at 10%, compounded monthly, for the investment to grow to $65,000 in…

A: We have to find a lump sum that must be invested at 10%, compounded monthly, for the investment to…

Q: What is the interest rate compounded quarterly if ₱2,500,000 is invested and the amount became…

A: The formula for the amount is A = P1+rnnt, where r is the rate of the interest and n is the number…

Q: Nathan invested $3,500 in an account paying an interest rate of 3.5% compounded quarterly. Assuming…

A: Initial amount=P= 3500  Final amount=A=? Time= t=19 years  Interest rate=r= 3.5%= 0.035  Number of…

Q: How long will it take for P65, 000 to amount to P98, 400 if compounded quarterly at 10.24% interest?

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Q: What monthly payments should Angela pay to save $93,000 in 19 years if money can earn 4.8%…

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Q: What lump sum do parents need to deposit in an account earning 12%, compounded monthly, so that it…

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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: On​ Melissa's 6th​ birthday, she gets a $2000 CD that earns 5​% interest, compounded quarterly. If…

A: Interest is compounded Quarterly. Therefore n=4.

Q: What principal will amount to $7000 if invested at 4% compounded quarterly for 19 years? The…

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Q: If the inflation rate is 4.85% compounded annually, how long will it take for prices to double?

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Q: How much must you deposit in an account that pays 8% interest, compounded monthly, to have a balance…

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Q: What lump sum do parents need to deposit in an account earning 7%, compounded monthly, so that it…

A:

Q: The Get Rich Investment Group had a $25,000 investment grow to $40,000 over a ten-year period. The…

A:

Q: A credit card had an APR of 23.83% all of last year and compounded interest monthly. What was the…

A: GIVEN   APR = 23.83%   COMPOUNDED MONTHLY  MEANS  n = 12 EFFECTIVE INTEREST = ?

Q: If $17,000 is invested at 6% compounded monthly, what is the amount after 6 years? The amount after…

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Q: You deposit $4000 in a bank with annual interest rate of 3.5% compounded monthly. What would your…

A: Here, P=$4000, n=1, r=0.035, and t=20.

Q: What interest rate, compounded quarterly, is equivalent to a 9.31% effective interest rate?

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Q: What lump sum do parents need to deposit in an account earning 5%, compounded monthly, so that it…

A: The compound interest formula is

Q: What is the total investment of $3500 compounded quarterly for 8 years at a rate of 5%? And what is…

A:

Q: What lump sum do parents need to deposit in an account earning 8%, compounded monthly, so that it…

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