What nominal rate per week is equivalent to an effective rate of 10.5% per year, compounded continuously?
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What nominal rate per week is equivalent to an effective rate of 10.5% per year, compounded continuously?
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- At what nominal rate, compounded quarterly, would $15,000.00 have to be invested to amount to $18,276.04 in 2 years?Effective rate? 4 % p.a compounded quarterlyYou see the following rate “X”: 0.3% compounded weekly A) What is the APR of X? B) What are the APY of X? C) When compared with rate “Y” that has EAR=16%, which rate would you pick if you were asked to borrow money at that rate for one year? Why?
- USE excel 2) Suppose you invested $1000 per quarter over a 15 year period. If money earns an annual rate of 6.5% compounded quarterly, how much would be available at the end of the time period. How much is the interest earned?30. What is the effective annual interest rate of an investment that pays 6.5% annual interest, compounded quarterly?What is the effective annualized rate compounded quarterly that is equivalent to 12.000% per annum compounded continuously?
- Q7 What annual rate of return is earned on a $5,000 investment when it grows to $10,250 in five years? (Do not round intermediate calculations. Round your answer to 2 decimal places.) ANNUAL RATE OF RETURN?If $9,000 is invested at 6% per year compounded monthly, the future value S at any time t (in months) is given by S = 9,000(1.005)t. (a) What is the amount after 1 year? (Round your answer to two decimal places.)$ (b) How long before the investment doubles? (Round your answer to one decimal place.) monthsConsider an APR of 12% with monthly compounding. What is the EAR ( effective annual rate)? Consider an EAR of 13.75% with quarterly What is the APR ( annual percentage rate)? NOTE: DO NOT SOLVE ON EXCEL