At what nominal interest rate will money double in 8 years if interest is compounded quarterly? What is the effective interest rate?
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At what nominal interest rate will money double in 8 years if interest is compounded quarterly? What is the effective interest rate?
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- How long will an amount of money double at a simple interest rate of 2% per annum?How long will it take to money quintuple at 10% interest rate when interest compounded:(i) Semi-annually?(ii) Monthly?(iii) Continuously?What is the present worth of annually payments ( 2000 $ ) if the first payment will deposit after five from now , and the last one will deposit at begin of the fifteenth year ? Assume interest rate ( 7 % ) ?
- At what interest rate will money: a. Double itself in 10 years? b. Triple itself in 10 years? c. Quadruple itself in 10 years?How long will it take money to triple itself if invested at 8.35% compounded quarterly? What is the effective rate of interest?What is the annual effective interest rate equivalent to a nominal rate of 12 percent a year? Yanıt:
- An investment pays you 9% interest, compounded quarterly. What is the periodic rate of interest? What is the nominal rate of interest? What is the effective rate of interest?What is the effective annual interest rate when 12% per year is compounded quarterly? 0.13 or 0.23?If the interest rate is 12% compounded annually, approximately how many years will it take the current balance in an account to triple in value?