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math
find the effectivee rate correspoding to 3% compounded quarterly The formula for effective rate I found is (1+ i/n)^n  1 where i is the annual rate as a decimal and n is the number of periods. Here i=.03 so the effective rate is
asked by john on September 19, 2006 
math
you have deposited 1000 dollars in your savings account with n annual interest rate of 4 percent compounded monthly. how much money are you going to have in your account after six months? [(1+ 0.04/12)]^6 x 1000 = ?? is the answer
asked by john on September 17, 2006 
math help plz!
DigiCom wants to drop the effective rate of interest on its credit card by 2%. If it currently charges a nominal rate of 8% compounded daily, at what value should it set the new nominal rate? Note: Please make sure your final
asked by Amy on March 27, 2010 
Math
N(t)=2000e^(1.1t) the continuous growth rate is 110% effective growth rate?__% Q(t)=65e^(0.09t) continuous growth rate is 9% effective growth rate?__% G(t)=650e^(0.055t) continuous growth rate is 5.5% effective growth rate?__%
asked by Evenlyn on April 9, 2017 
math
also, what formula would i have to use for this: Effective Rate An advertisement for E*TRADE bank boasted "We're ahead of banks that had a 160yr start," with an APY (or effective rate) of 2.01%.* The actual rate was not stated.
asked by student on June 19, 2007 
Economics
Suppose the production function is Y = 100(K3/10)(EN)7/10 and capital lasts an average of fifteen years. The rate of population growth is 0.5%. The rate of technological progress is 2.5%. The saving rate is 5%. A. Derive the
asked by Matty on November 22, 2011 
math
I need to calculate the effective interest rate of a simple discount note $21,750 at an ordinary bank discount rate of 7.91% for 120 days find the effective rate
asked by Anoymous on May 25, 2015 
Actuarial Math
The sum of the accumulated value of 1 at the end of four years at a certain effective rate of interest, and the present value of 1 to be paid at the end of four years at an effective rate of discount numerically equal to I is
asked by Summer on October 11, 2010 
math
what is the effective rate formula? There are numerous effective rate formulas in math. You will need to be more specific.
asked by no name on October 12, 2006 
Business finance
In a discount interest loan, you pay the interest payment up front. For example, if a 1year loan is stated as $10,000 and the interest rate is 10 percent, the borrower “pays” 0.10 x $10,000 = $1,000 immediately, thereby
asked by Bryan on January 10, 2011