math
 👍
 👎
 👁
Respond to this Question
Similar Questions

Finite Math
Find the effective rate of interest corresponding to a nominal rate of 6%/year compounded annually, semiannually, quarterly, and monthly. (Round your answers to two decimal places.)

Compound Interest
A bank offers a rate of 5.3% compounded semiannually on its four year GICs(Guaranteed Investment Certificates). What monthly and annually compounded rates should it quote in order to have the same effective interest rate at all

Math/ business
What is the effective rate of the interest rate of the interest when the rate is 6 percent compounded continuously?

math
The effective rate of interest corresponding a nominal rate of 7% p.a. convertible quarterly is:

Finite Math
Find the effective rate corresponding to the given nominal rate. (Round your answer to two decimal places.) 11%/year compounded semiannually

math
Find the effective rate corresponding to the given nominal rate. (Round your answer to the nearest hundredth of a percentage point.) (a) 7%/year, compounded daily % (b) 6%/year, compounded monthly %

calc
What rate of interest compounded quarterly will yield an effective interest rate of 8%?

Algebra
Given the equation A=250(1.1)t, you can determine that the interest is compounded annually and the interest rate is 10%. Suppose the interest rate were to change to being compounded quarterly. Rewrite the equation to find the new

Maths
convert an effective anual interest rate 8% compounded annually to a nominal interest rate of 11.5% p.a compounded monthly correct to one decimal place

math
Using the present value formula you deposit $12,000 in an account that pays 6.5% interest compounded quarterly. A. find the future value after one year? B. Use the future value formula for simple interest to determine the

Math
Serena wants to borrow $15 000 and pay it back in 10 years. Interest rates are high, so the bank makes her two offers: • Option 1: Borrow the money at 10%/a compounded quarterly for the full term. • Option 2: Borrow the money

math
Compute effective rate of interest where nominal rate is 8% compounded quarterly?
You can view more similar questions or ask a new question.