For an APR of 15% per year, if the interest is compounded weekly, determine the nominal rate per (a) 6 months and (b) 2 years. The nominal interest rate per 6 months is The nominal interest rate per 2 years is [
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- For an interest rate of 1% per quarter, determine the nominal interest rate per (a) semiannual period, (b) year, and, (c) 2 years.For an APR of 10% per year, if interest is compounded quarterly, determine the nominal rate per (a) 6 months, and (b) 2 years.Find the effective annual interest rate r (as a percent) of the given nominal annual interest rate. Round your answer to the nearest 0.01%. 13% compounded hourly (assume 365 days per year)
- If the nominal annual interest rate is 15%, what is the effective interest rate when interest is compounded: SemiannuallyYou are told that the nominal rate of interest is 3.7% per 4 months payable monthly. Calculate the equivalent effective annual rate of interest.If interest is paid at a rate of 5% per year, compounded quarterly, what is the effective annual rate?
- Calculate the APR for a 10% per annum nominal rate of interest that is compounded (a) 2 times per year, (b)4 times per year, (c) continuously.Considering an interest rate i=14% per year, what is the compound interest rate equivalent to the following periods. a) 45 days b)72 daysIf the rate of interest is 12% compounded annually, find the equivalent rate of interest if it is compounded quarterly.
- If nominal rate is 10 % per year compounded bimonthly, Determine the the following effective interest rates. a) effective per semiannual b) effective per quarter c) effective per bi-month d) effective per 2 yearsAn interest rate is quoted as 4% per annum with quarterly compounding. What is the equivalent rate with (a) annual compounding (b) monthly compounding (c) continuous compoundinga hypothetical financial instrument pays 10% annual interest permanently. It pays interest at the end of each month YTM is 12%. a. what is Macaulay duration of this financial instrument? b. what us modified duration of this financial instrument?