Calculate the effective annual interest rate for 18% corresponding to each of the following: (a) compounded semi-annually (b) compounded quarterly (c) compounded bi-monthly

Q: Calculate the effective annual interest rate for 15% corresponding to each of the following: (a)…

A: The effective annual interest rate (EAR) is the interest rate that is adjusted for compounding over…

Q: What will be the amount accumulated by each of the given present investments?(a) $6.000 in 12 years…

A:

Q: Simple and Compound Interest . Calculate the amount deposited 1 year ago to have SR1000 now at an…

A: An interest rate is the amount of interest due per period, as a proportion of the amount lent,…

Q: b) $4,500 at the end of each year for 15 years at 4.75% compounded annually.

A: The amount invested each year = $4500 Total number of years = 15 years The interest rate earned in…

Q: If you deposit $5000 into an account paying 6% annual interest compounded semi-annually, how…

A: Given the deposit amount = $5000 Interest rate = 6% Future amount = $8000

Q: Calculate the effective annual interest rate for continuous compounding?

A: The effective annual interest rate , also called effective annual rate (EAR) is the real return on…

Q: 6. Find the future value of RM10,000 which was invested for (a) 3 years at 6% compounded annually.…

A: ITEM 6To find the future value of the investments given the different compounding periods, we can…

Q: value of $ 20000 at the end of 10 years

A: (a) FV ($) = 20000 + (20000 x 7% x 10) = 20000 + 14000 = 34000

Q: Find the amount needed to be invested now to accumulate the following amount if the money is…

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Q: David is planning to contribute $8,000 a year into a mutual fund that earns an average of 8% per…

A: In economics, present value refers to the current value of future steam of cash flow. Future value…

Q: Calculate the effective annual interest rate for 15% corresponding to each of the following: (d)…

A: Compounding is the act of accruing interest on both the initial principal and interest accumulated…

Q: At what annual rate of interest, compounded quartile will money double in (3+R) years?

A: We are going to set up the mathematical equation to answer this question.

Q: The present value of $20,000 each year for 4 years at a 5% interest rate is approximately The…

A: Present value is the value of investment in today's dollar.  Future value is the value of investment…

Q: What is the APY for 5.5% compounded semiannually?

A: Given  Nominal rate =5.5 compounded semiannually  Required: APY (annual percentage yield) Formula:…

Q: What is the effective annual interest rate for 10% compounded (a) semi- annually, (b) every four…

A: The effective rate of interest is the return on a savings account or an investment, whose interest…

Q: An account has a nominal interest rate of 12% (annually) and an effective interest rate of…

A: In this question, I determined the most likely compounding period for an account with a nominal…

Q: MARIE PURCHASED A LOT AND AGREED TO PAY $1,600 A MONTH FOR 15 YEARS. IF MONEY IS WORTH 9% COMPOUNDED…

A: According to the given question:- Future value of the amount will be = R[(1+i)^n -1]/1 R = Regular…

Q: Accumulate (or find the future amount of) P45,000 for 15 months at 24% compounded monthly.

A: When the principle of an investment or loan is added to previously earned interest, compound…

Q: hat is the value at the end of 4.25 years of $100,000.00 applied at 4% compound interest per month?

A: The interest charged on a borrowing or deposit is known as compound interest. This is the most often…

Q: If you want to have $100,000 in your saving account in ten years, how much do you need to deposit…

A: The compounded monthly means interest is calculated and added to the principal monthly, while…

Q: Find the effective interest rate per payment period for an interest rate of 8%compounded monthly for…

A: The effective rate of interest is the return on a savings account or an investment, whose interest…

Q: What deposit made at the beginning of each month will accumulate to $120,000 at 5% compounded…

A: In the question above, it is given that : Amount  = $120,000 Rate of Interest = 5% = 0.05 Time = 10…

Q: 8% of the nominal interest rate; Calculate the 3-month effective interest rate for a) compounded…

A: Solution: Effective Interest Rate: It refers to the interest rate on loan or financial products…

Q: Find the compound amount after year if $100 is invested at the rate 6%, payable quarterly. What was…

A: given that, principle(P) is $100 time(t) is one year rate(r) is 6 percent

Q: In one loan plan, the interest is reported as 36% compound monthly interest. Determine the effective…

A: Given for loan, The compound interest = 36%  To calculate the effective interest rate: effective…

Q: Which of the following compounding rates is equivalent to an effective interest rate of 2.75% per…

A: An effective annual rate of interest refers to the real return on a savings account with the…

Q: A series fequal quarterly payments of $5,000 for 10 ears is equivalent to what present amount t an…

A: here we calculate the given by following method as follow;

Q: How long in years will it take for Priscelle’s investment to fivefold its amount if money is worth…

A: Compound interest implies the interest that is calculated not only on the initial principal amount…

Q: What is the accumulated amount of P 5 000 after 10 years that is at 8% compounded bi monthly?

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Q: Ronny borrowed a sum of $5,000 from his uncle Dennis and after three years paid a sum of $5,000 and…

A: Present value is the value of investment in today's dollar.  Future value is the value of investment…

Q: Find the present value of deferred annuity of P 900 every 3 months for 5 years that is deferred 3…

A: Given Information A = 900i = 10% compounded Quarterly = 10/4 = 2.5% or 0.025n = 5*4 = 20 Deferred…

Q: What effective interest rate per quarter is equivalent to 10% per year compounded monthly

A: Meaning of Effective Interest Rate: The term effective interest rate is the payback…

Q: How many will it take money to be 3 times itself if invested at 12% compounded semi-annually

A: Let X is the amount deposit, how long will it take to be 3 times itself if invested at 12%…

Q: You plan to deposit $300 at the end of every year for 12 years starting at the end of year 1. Then…

A: Annual deposit at the end of each year, A=$300Number of years the amount to be deposited, n1 =12…

Q: If an investor invests a sum of $1000 in a bank for 1 year with an interest rate of 10% compounded…

A: Given the invested amount = $1000 The investment made for a time period = 1 year Interest rate = 10%…

Q: If P500,000 is deposited at a rate of 11.25% compounded monthly, determine the compounded interest…

A: The formula used in the compound interest is  =P[1+(r/m)]mt-P A = the future value of the…

Q: car loan at an interest rate of 9% compounded monthly to be repaid over 60 months, where 9% is the…

A:

Q: A certain business guarantees an earnings of 25,000 every month and a final addition earning of…

A: The final worth can be calculated by adding the amount of 85000 with the amount that is received…

Q: Suppose that an investor wishes to deposit an amount now so that in 30 years $1,000,000 will be in…

A: Let the amount deposited now be represented by P. Let F represents $1,000,000 which appears to be in…

Q: What is the present worth of each of the given series of payments?(a) $2.700 at the end of each…

A: The present worth can be calculated using following formula: Here, FV is the future value. r is the…

Q: Pedro, who deposited P500,000.00 today with a financial Institution M, agreed with the latter that…

A: To find the future worth after 14 months firstly we need to find monthly compounding interest rate .…

Q: What is the nominal rate of 4% compounded quarterly if compounded: a.) Monthly? b.) Semi-annually?…

A: In economics the nominal rate of interest refers to the interest rate before consideration of the…

Q: Find the compound interest of P 2,500 invested at 8% compounded semiannually for 5 years and 6…

A: The interest on a loan or deposit is computed using both the original principal and the interest…

Q: E.Z. Money, who owns a chain of nightclubs, needs to borrow $20,000 to remodel the local dive. Ima…

A: Given, Amount borrowed = $ 20,000 Term of loan = 24 months Monthly payment = $ 1,118 Assume the…

Q: Find the time required for each initial amount to be at least equal to the final amount.    (i)…

A: