An account has a nominal interest rate of 12% (annually) and an effective interest rate of approximately 12.75% (also annually). The compounding period is most likely which of the following: a) monthly b) yearly c) continuous d) daily

A bank quotes an interest rate of 4.5% per annum with quarterly (four times a year) compounding. What is the equivalent rate with (a) continuous compounding and (b) semi annual compounding?

Calculate, to the nearest cent, the future value FV (in dollars) of an investment of $10,000 at the stated interest rate after the stated amount of time. 3% per year, compounded weekly (52 times/year), after 7 years FV = $ 12,336.00 x Need Help? Read It Watch It

Find the APY in each of the following cases:(a) 10% compounded annually.(b) 9% compounded semiannually.(c) 12% compounded quarterly.(d) 7% compounded daily.

Payments of $1000 and $7500 were originally scheduled to be paid five months ago and four months from now, respectively. The first payment was not made. What single payment two months from now is equivalent to the scheduled payments if money can earn 6.25%?

Lindsey plans to deposit her annual bonus into a savings account that pays 3% interest compounded annually. The size of her bonus increases by $1000 each year, and the initial bonus amount she will deposit at the end of year 1 is $2,500. a) Determine how much will be in the account immediately after the 6th deposit. b) What's the future value if she only plans to deposit her annual bonus for 8 years (the last deposit is at the end of year 8)? c) What's the future value if she only plans to deposit her annual bonus for 8 years (the last deposit is at the end of year 8), but also plans to skip the deposits at the end of years 3 and 6?

A person is planning to open a retirement account. He plans is to deposit $1,000 per month for next 45 years. This person visits four local banks and recorded the interest rates: Bank A) 0.08% per month compounded monthly Bank B) 6.2% per year compounded continuously Bank C) 8% per year compounded monthly Bank D) 7% per year compounded semi-annually Determine 1) Which bank should be selected? 2) How much money will be accumulated in 45 years in the selected bank?

You invest $10,000 in a fund that pays 7% per year for 5 years. How much is in the fund at the end of 5 years if (forgetting leap years and making “convenient” assumptions): a. Compounding is annual? b. Compounding is quarterly? c. Compounding is monthly? d. Compounding is daily?

How long does it take an investment to quadruple at 5% with m = 7 compoundings per year? years.

Barbara borrowed a certain amount of money and repaid the loan with ten payments. The first five of her payments were P5631 per year with an interest rate of 8% per year compounded continuously, and the next five years had payments of P12318 per year with 12% compounded continuously. How much did she borrow?