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What nominal rate of interest compounded semi-annually can be used instead of 10 % comp. monthly
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- Which of the following has the most effective annual rate of interest? A. 12.50 % compounded annually B. 11.95% compounded quarterly C. 12.15% compounded semi-annually D. 11.88% compounded monthlyAn account pays 7% annual interest compounded monthly. What is the effective interest rate on this account? note: show your answer in percent and to two decimal points. For example, input 12.126% as 12.13When compounded quarterly P12,000 becomes P 20,415.23 after 4 yrs. What is the nominal rate of interest?
- Compute for the Effective Annual Interest Rate (ieff/yr). 1. 10% Compounded Semi-annually = 2. 10% Compounded Quarterly = 3. 10% Compounded Bi-monthly = 4. 10% Compounded Monthly = 5. 10% Compounded Weekly = 6. 10% Compounded Continuously =Determine the nominal rate of interest compounded quarterly which is equivalent to 6.3% compounded semi-annually.5. If the stated annual rate of interest compounded semi-annually is 12.5% then what is the equivalent monthly rate compounded monthly? Pls show formula used. Final dollar answers should be rounded to two decimal places. Interest rate answers should be rounded to 6 decimal places if expressed as a decimal or 4 decimal places if expressed as a percent. Use timeline if necessary. No excel .Thanks!
- 1. If the stated annual rate of interest compounded annually is 8% then what is the equivalent annual rate compounded daily? Pls show formula used. Final dollar answers should be rounded to two decimal places. Interest rate answers should be rounded to 6 decimal places if expressed as a decimal or 4 decimal places if expressed as a percent. Use timeline if necessary. No excel .Thanks!A three-year bank CD paying 7.02 percent compounded quarterly. Calculate effective annual interest rate (EAR)? (Round answer to 2 decimal places, e.g. 15.25%.)Convert 4.86% compounded semi-annually to an equivalent interest rate compounded quarterly. Round EFF to four decimal places, round NOM (2) to two decimal places. NOM (1) = % C/Y (1) = EFF = % (4 decimal places) NOM (2) = % C/Y (2) =
- What is the nominal rate of interest compounded semi annually which is equal to 8.65% compounded quarterly in percent?Calculate the annual force of interest which is equivalent to an effective rate of interest of 1.9% per 2 months. only correct answer = 11.29305P500,000 was deposited for a period of 5 yrs. And 6 months and bears on interest of P85,659.25. What is the nominal rate of interest if it is compounded quarterly? What is the actual rate of interest? What is the equivalent nominal rate if it is compounded semi-quarterly?