What is the effective interest rate per payment period for an interest rate of 12% compounded monthly when the payment is quarterly ? Select one: a. 0.06 b. 0.5 c. 0.12 d. 0.4 e. 0.03
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What is the effective interest rate per payment period for an interest rate of 12% compounded monthly when the payment is quarterly ?
0.06
0.03
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- which one is correct answer please confirm? Q29: What monthly rate of interest will yield an annual effective rate of interest of 14%? a. 1.14% b. 1.08% c. 1.10% d. 1.17%Estimate the annual percent rate for the add on loan Using the given number of payments and annual interest-rate. Use the formula APR = 2nr/n+1 N= 48; R= 8% APR=???If i= 14.8% per year, compounded monthly What is the effective interest rate per semiannual? (ABET, SO1) Select one: O a. 15.85% O b. 7.63% O c 74% O d. 1.23% O e. 7.91%
- If i= 14.8% per year, compounded monthly, What is the effective interest rate per semiannual? (ABET, S01) Select one: Oa. 15.85% Ob. 7.63% O c. 7.4% O d. 1.23% Oe. 7.91%A saving account earns compound interest at an annual effective interest rate i. Given that d12,41 = 0.08, Find i1,51- %3DAssume that at time 0 a sum L is lent for a series of n yearly payments. The rth payment, of amount xr, is due at the end of the rth year. Let the effective annual interest rate for the rth year be ir. Give an identity which expresses L in terms of the xr and ir.
- show solution What nominal rate compounded quarterly can be charged to a payment at a nominal interest rate of 12% compounded continuously?What nominal interest rate per year is equivalent to an effective 18% per year compounded semiannually? Select one: O a. 18.81 O b. 24.33 O c. 21.81 O d. 17.26 O e. 19.75What will be the compounded amount on a loan of P1.500 at 12% interest compounded quarterly for 1 year? of O P16.822.63 O P1.690 O Pl,688.26 O P16.860
- Q1: Calculate (PW) for annual payments (900$/year) if the first payment will deposit at the present time, and the last one will deposit at begin of the ninth year? If you know that it's on deposit at the fifth year, and the interest rate is (15%)!If the effective annual interest rate is 10%, what is the nominal annual rate if compounding is bi- monthly? O a. 10.43% O b. 10.25% O c. 9.76% d. 9.61% e. 10.52%what simple interest rate is equivalent to 1% compounded quarterly