1. 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 and n is 4 since there are
  2. 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 1020.164? You got it.
  3. 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 answer(s) are in percentage
  4. math

    find the compound ammount $1000 at 6% compounded annually for 8 years Use A=P*(1+i)^n where P=1000, i=.06 and n=8 P is the Principal, i is the annual interest rate expressed as a decimal,and n in the number of periods in the compounding period. BTW, are
  5. 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 160-yr start," with an APY (or effective rate) of 2.01%.* The actual rate was not stated. Given that interest was
  6. 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.)
  7. math

    An amount of $3000 was deposited in a bank at a rate of 2% annual interest compounded quarterly for 3yrs. The rate then increased to 3% annual interest and ws compounded quarterly for the next 3 yrs. If no money was withdrawn what was the balance at the
  8. Math - Compound

    If a bank offers interest at a nominal rate of 6%, how much greater is the effective rate if interest is compounded continuously than if the compounding is quarterly? I don't get this question at all... All I'm given is the rate and how am I suppose to
  9. Algebra Help please!

    I already posted this question,and Henrey answered it. I just wanted to clarify a few things to make sure I am on the right track Problem: Joanie takes a $6,000 loan to pay for her car. The annual interest reate on the loan is 12%. She makes no payments
  10. 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?__% round to 2 decimal places
  11. Math

    The annual interest rate on an investment is 8%. What is the quarterly rate? (a) 1% (b)12% (c) 16% (d)2% (e)3% Can someone help me figure out the formula for finding out the quarterly rate?
  12. Math

    A passbook savings account has a rate of 8%. Find the effective annual yield if the interest is compounded quarterly.
  13. Math

    Find the effective rate corresponding to the given nominal rate. (Round your answer to the nearest hundredth of a percentage point.) (a) 4%/year, compounded quarterly ? % (b) 3%/year, compounded monthly ? %
  14. Math

    Find the effective rate corresponding to the given nominal rate. (Round your answer to the nearest hundredth of a percentage point.) (a) 4%/year, compounded quarterly ? % (b) 3%/year, compounded monthly ? %
  15. math modeling

    Suppose that you invested $1,442 at the annual rate of 4.60% compounded continuously, and your friend invested $885 at the annual rate of 6.35% compounded quarterly. In how quarters will your friends investment exceeds yours?
  16. Fins nance business

    1. Find the future value of current $1,000 5 year from now when annual interest rate 8% is compounded annually 2. Find the present value of a future value (1,000) four years from now when annual interest rate 8% is compounded quarterly. 3.Find the present
  17. math- pre calculus

    you are depositing $1000 dollars in a savings account and are given the following options. 6.2% annual interest rate, compounded annually 6.1% annual interest rate, compounded quarterly 6.0% annual interest rate, compounded continuously for each option,
  18. math

    Compute effective rate of interest where nominal rate is 8% compounded quarterly?
  19. Math Personal Finance

    Assume we invest $2000 for one year in a savings account that pays an APR (Annual Percentage Rate) of 10% compounded quarterly. The compound interest formula is: Balance after t periods = Principal × (1 + r)t The final balance using the compound interest
  20. math

    Shannon invests $3,000, at 8% interest, compounded quarterly for one year. Use Table 11-1 to calculate the effective interest rate for her investment. (Round the effective rate to the nearest hundredth percent.)
  21. Finite Math

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

    How do I do this? -- can anyone give me a formula to find the answers? Example: Find the annual rate of simple interest~ P: 5000 / I: 650 / T: 3 years. PV = nRT I=PRT so solving for R we get R=I/(PT) plug in your values and evaluate. Your answer will be a
  23. Calc

    How much money will we have in 6 months if we invest $1000 into an account earning 8% compounded continuously? How long will it take the $1000 to double? What is the effective rate for 8% compounded continuously that would produce the same accumulated
  24. Finance

    What is the effective annual rate on a certificate of deposit that promises to pay interest at a 6.6 percent rate, compounded monthly?
  25. algebra

    In an episode from the TV show Futurama, Phillip J. Fry had $0.93 in his bank account in 2000. In the year 3000 it had grown to $4.3 billion! What was the percent interest rate (to three decimal places) if it had been continuously compounded? What was the
  26. Math

    23. Suppose the number of expert gamers in California is 52,400 and is growing 20% each year. Predict the number of experts after 5 years. 24. The population of bacteria in your messy room is 36,725 and is growing at a rate of 11% each month. What would
  27. Math

    Bank A is offering an interest rate of 6.60% compounded monthly, while bank B is offering an interest rate of 6.67% compounded quarterly. The effective rate offered by bank A =?%, while the effective rate offered by bank B = ?%.
  28. Financing and Accounting

    How would I find the formula for these problems? Please help me.. I would really appreciate it.. thank you Calculate the present value of the following: $7,000 in 5 years at an annual discount rate of 6% $7,000 in 5 years at a semiannual discount rate of
  29. finance

    14. Assume Julian has a choice between two deposit accounts. Account A has an annual percentage rate of 7.55 percent but with interest compounded monthly. Account B has an annual percentage rate of 7.45 percent with interest compounded continuously. Which
  30. accounting statistics

    Find the balance at the end of 6 years of $5000 investment in an account with a nominal annual rate of interest of 2.5% compounded quarterly over the first two years and then grows according to nominal annual rate of discount of 6% convertible monthly over
  31. Accounting

    How would I find the formula for these problems? Please help me.. I would really appreciate it.. thank you Calculate the present value of the following: $7,000 in 5 years at an annual discount rate of 6% $7,000 in 5 years at a semiannual discount rate of
  32. calc

    What rate of interest compounded quarterly will yield an effective interest rate of 8%?
  33. Math~

    Given Interest Rate 3.75% Compounded Quarterly Equivalent Interest Rate _?_% Compounded Semi-annually formula is: i2=(1+i)^(m2/m1) -1 the answer should be 3.77%. i have alot of similar questions like this...but i need to know how to get that same answer. i
  34. Math

    Mr. Nielson wants to borrow $1,000 for 2 years. He is given the choice of i) simple interest at 12%, or ii) a loan at 10% compounded monthly. Which loan results in less interest due ? b) What interest rate compounded quarterly will give an effective
  35. business pre-cal

    Find the annual rate, r that produces an effective annual yield of 6.3% when compounded continuosly.
  36. Math! plz help!

    Calculate the future value of quarterly payments of $1200 for 5 years, if the rate of interest was 10% compounded quarterly for the first 2 years and will be 9% compounded quarterly for the last 3 years. I solved for both which i got aFV= $10483.34 bFV=
  37. math

    how long will it take to earn $787.50 on $5000 at 5 1/4%(percent) what is the rate it is compounded? annually, semi-annually, monthly, what? dat information is not given aren't you supposed to be using the interest rate formula? if so, then u have two
  38. economics

    Picabo borrows $1,000. To repay the amount she makes 12 equal monthly payments of $90.30. Determine the following: (a) The effective monthly interest rate (b) The nominal annual interest rate (c) The effective annual interest rate
  39. Business finance

    In a discount interest loan, you pay the interest payment up front. For example, if a 1-year 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 receiving net funds of $9,000
  40. business mathemathics

    sharry made a desposit of $860 to open a savings account that pays intrest at an annual rate of 8% compound quarterly. If she keeps her original desposit in the savings account and is paid intrest of four quarters, she will earn intrest in the first year
  41. programming

    Having troube with java, i am not a regular programmer, if anybody can help me out writting this program: write a program that takes two numbers from the java console representing, respectively, an investment and an interest rate(you will expect the user
  42. math

    How did they get to this answer can someone explain the steps. Directions: Find the future value of each ordinary annuity, if payments are made and interest is compounded as given. R = 15,000; 12.1% interest compounded quarterly for 6 yrs. answer:
  43. algebra

    Compound interest word problem. Suppose JJ has $1000 that he invests in an account that pays 3.5% interest compounded quarterly. How much money does JJ have at the end of 5 years? Formula: A= The amount of money earned after a certain length of time. P=
  44. finances

    Calculate the future value of the following: o $5,000 compounded annually at 6% for 5 years o $5,000 compounded semiannually at 6% for 5 years o $5,000 compounded quarterly at 6% for 5 years o $5,000 compounded annually at 6% for 6 year What conclusions
  45. calculus

    A corporation starts to invest part of its revenue continuously at rate of P dollars per year in a fund for future expansion plans. Assume the fund earns money at an annual interest rate, r, compounded continuously. The rate of growth of the amount A in
  46. algebra

    The formula for calculating the amount of money returned for an initial deposit into a bank account or CD (certificate of deposit) is given by nt n r P A „Ê„Ë „É „º„» „¹ ƒ­ 1ƒy A is the amount of the return. P is the principal amount
  47. Math

    Tia is investing $2500 that she would like to grow to $6000 in 10 years. At what annual interest rate, compounded quarterly, must Tia invest her money? Round your answer to two decimal places.
  48. math

    an account which pays 14% compounded quarterly, what is the effective rate of yield?
  49. 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 %
  50. finance

    Calculate the rate of interest compounded yearly (j) equivalent to 8% pa compounded quarterly. Give your answer as a percentage per annum to 3 decimal places.
  51. Engineering Economics

    Hi there, I am having some trouble solving this problem, can you give some guidance as to the solution. What is the amount of 10 equal annual deposits that can provide five annual withdrawals, when a first withdrawal of $1000 is made at the end of year 11,
  52. Finance

    Pasqually Mineral Water, Inc., will pay a quarterly dividend per share of $1.40 at the end of each of the next 12 quarters. Thereafter, the dividend will grow at a quarterly rate of 1.2 percent, forever. The appropriate rate of return on the stock is 10
  53. Finite Math and Applied Calculus

    Betty Sue sets up a retirement account. For the first 35 years, she deposits $500 at the end of each month into an account with an annual interest rate of 3.6%, compounded monthly. Then, she stops making monthly payments and transfers the money into a di
  54. math

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

    If a community clinic invested $3,000 in excess cash today, what would be the value of its investment at the end of three years: a. at a 12 percent rate compounded semiannually? B. at a 12 percent rate compounded quarterly?
  56. algebra

    Find the accumulated value of an investment of $10,000 for 3 years at an interest rate of 6% if the money is a)compounded seiannually,b)compounded quarterly, c) compounded monthly, d) compounded continually
  57. Correted Bob can you re-check?

    So i pretty much had them right the first time with the first set of answers i just needed to round up? 1. $5000.00 compounded annually at 6% for 5 years= $6,691.13? 2. $5000.00 compounded quartley at 6% for 5 years= $6,719.58? 3. $5000.00 compounded
  58. Fianacial Management in Health Care Organizations

    Resource: Ch. 5 of Financial Management in Health Care Organizations. „h Calculate the future value of the following: o $5,000 compounded annually at 6% for 5 years o $5,000 compounded semiannually at 6% for 5 years o $5,000 compounded quarterly at 6%
  59. math

    find the present value of ordinary annuity payments of 890 each year for 16 years at 8% compounded annually What is the amount that must be paid (Present Value) for an annuity with a periodic payment of R dollars to be made at the end of each year for N
  60. MATH

    Determine the future value of a $25000 investment at an annual rate of 4.85% compounded quarterly for 6 years.
  61. math

    How much interest is earned from a $3,000 investment at an annual rate of 4% compounded quarterly for 2 years?
  62. math

    How do you find simple interest of something? I have a problem like this: JJ borrowed 21,000 dollars for a car, the finance company gave him an interest rate of 11.4% for 5 years how much will he pay over a 5 year period?? The problem here is that this is
  63. Seneca

    Henrietta went to a bank and obtained a personal loan with an interest rate of 3.18% compounded monthly. if the effective interest rate on the loan were to decrease by 1%, calculate the new nominal rate compounded monthly?
  64. Finance

    The Carter Company's bond mature in 10 years have a par value of 1,000 and an annual coupon payment of $80. The market interest rate for the bond is 9%. What is the price of these bonds The coupon rate on the bond, (interest/principal at maturity) = 8%
  65. math!

    Swan Furnace Cleaners wants to add 0.50% to the effective rate of interest on its credit card. If it currently charges a nominal rate of 4.25% compounded semi-annually, at what value should it set the new nominal rate? The answer for this question is
  66. Math

    Swan Furnace Cleaners wants to add 0.50% to the effective rate of interest on its credit card. If it currently charges a nominal rate of 4.25% compounded semi-annually, at what value should it set the new nominal rate? The answer for this question is
  67. checking answers please help

    1. $5000.00 compunded annually at 6% for 5 years= $6,691.1279 or $6,312.38? 2. $5000.00 compounded quartley at 6% for 5 years= $6,719.5819 or 8,744.37? 3. $5000.00 compounded quartley at 65 FOR 5 YEARS= $6,734.2750 or 3,64.86? 4. $5000.00 COMPOUNDED
  68. Finance

    1. $5000.00 compunded annually at 6% for 5 years= $6,691.1279? 2. $5000.00 compounded quartley at 6% for 5 years= $6,719.5819? 3. $5000.00 compounded quartley at 65 FOR 5 YEARS= $6,734.2750? 4. $5000.00 COMPOUNDED ANNUALLY FOR AT 6% FOR 6 YEARS=
  69. math

    What is the value of an initial investment of $2300 after twelve years if the interest accrued is compounded quarterly, and the annual rate is 6.5%?
  70. Finance

    Kim has money in a savings account that earns an annual interest rate of 4.1%, compounded monthly. What is the effective rate of interest on Kim's account? Round to the nearest hundredth of a percent.
  71. math

    what formulas do i use for this: Investments Suppose $10,000 is invested at an annual rate of 5% for 10 years. Find the future value if interest is compounded as follows. A) Annually B) Quarterly C) Monthly D)Daily (365 days) In each case, use the formula
  72. Finance

    Calculating Interest Rate. Find the interest rate implied by the following combinations of present and future values. PresentValue Years Future Value $400 11 $684 $183 4 $249 $300 7 $300 Since you do not state otherwise, I am assuming that your interest
  73. Math (Finance)

    can you help me with these questions and show me how to solve them??? PLEASE can you double check my answers. Problem 5.17 Your finance text book sold 49,000 copies in its first year. The publishing company expects the sales to grow at a rate of 21.0
  74. math (finance)

    can you help me with these questions and show me how to solve them??? PLEASE can you double check my answers. Problem 5.17 Your finance text book sold 49,000 copies in its first year. The publishing company expects the sales to grow at a rate of 21.0
  75. Calculus

    The formula for the amount (A) in a savings account compounded n times per year for t years at an annual interest rate r, with initial deposit P, is given by A=P(1+r/n)^nt. Evaluate this formula as the number of compoundings per year becomes infinite. (the
  76. math

    Phillip opened a savings account with an annual interest rate of 8% and an initial deposit of $3500. If his interest is compounded quarterly, how much is in Jeffrey’s account after 2 years? Round your answer to the nearest cent. interest compounded
  77. math

    Find the present value of $31,000 due in 4 yr at the given rate of interest. (a) 6%/year, compounded quarterly $ ? (b) 3%/year, compounded quarterly $ ?
  78. math

    Find the present value of $31,000 due in 4 yr at the given rate of interest. (a) 6%/year, compounded quarterly $ ? (b) 3%/year, compounded quarterly $ ?
  79. math

    Find the present value of $31,000 due in 4 yr at the given rate of interest. (a) 6%/year, compounded quarterly $ ? (b) 3%/year, compounded quarterly $ ?
  80. Math

    How to calculate this? 4 year term investment. The investment offers a rate of 2.25% per annum, compounded semi-annually. Another investment offers a rate of 2.25% annum, per compounded quarterly. Final investment offers a rate of 1.95% per annym, simple
  81. economics

    Suppose Caroline is a cinephile and buys only movie tickets. Caroline deposits $3000 in a bank acct that pays an annual interest rate of 20%. You can assume that this interest rate is fixed-that is, it won’t change over time. At the time of her deposit,
  82. Math

    1. An assessment rate is 47%. The property tax is $39.94 per $1,000. What is the effective tax rate? Round to the nearest tenth of percent. 2. A property tax rate is $7.79 per $100 of assessed value. what is the tax rate as a decimal? Please help.
  83. math

    Please someone show me how to work this one out? Suppose Caroline is a cinephile and buys only movie tickets. Caroline deposits $3000 in a bank acct that pays an annual interest rate of 20%. You can assume that this interest rate is fixed-that is, it
  84. 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
  85. Finance

    Can you please show me how to solve these questions? Can you double check my answers? Problem 5.17 Your finance text book sold 49,000 copies in its first year.The publishing company expects the sales to grow at a rate of 21.0 percent for the next three
  86. Discrete Mathematics

    You put $1,000 into your bank account with a 5% annual interest rate compounded quarterly. How much money will you have after three years?
  87. Math

    The Orange County Teachers' Credit Corp. offers an account which pays 14% compounded quarterly. What is its effective rate of yield?
  88. math

    Compute the effective rate of interest given the nominal rate of 7 3/8% compounded monthly
  89. math

    An investment of 25,000 earns interest at an annual rate of 8.4% compounded continuosly a. find the instantaneous rate of change of the amount in the account after years b. find the instantaneous rate of change of the amount in the account at the time the
  90. Math

    What is the value of a stock that grows at a supernormal rate of 18% for the first four years, and then slows down to a constant growth rate of 10%? An annual dividend of $2.00/share was just paid, and the rate of return on common stock is 13%. Possible
  91. Compound Interest

    Swan Furnace Cleaners wants to add 0.50% to the effective rate of interest on its credit card. If it currently charges a nominal rate of 4.25% compounded semi-annually, at what value should it set the new nominal rate? The answer for this question is
  92. Math

    Write the exponential function y=6(1.21)t in the form y=aekt. (a) Once you have rewritten the formula, give k accurate to at least four decimal places. k= help (numbers) If t is measured in years, indicate whether the exponential function is growing or
  93. math

    A deposit of $2,000 earns interest at a rate of 14% compounded quarterly. After two and a half years the interest rate changes to 13.5% compounded monthly. How much is in the account after six years?
  94. value of money

    A deposit of $2,000 earns interest at a rate of 14% compounded quarterly. After two and a half years the interest rate changes to 13.5% compounded monthly. How much is in the account after six years?
  95. algebra

    To find the amount A in an account after t years with principal P and an annual interest rate r compounded continuously, you can use the formula
  96. business maths

    For an investment to double in value during a 12-year period, a. What annually compounded rate of return must it earn? (Round your answer to two decimal places.) Annually compounded rate of return % b. What monthly compounded rate of return must it earn?
  97. Finance

    Loan Payments - If you take out an $8,000 car loan that calls for 48 monthly payments APR of 10 percent, what is your monthly payment? What is the effecgive annual interest rate on the loan? the montly rate is 0.10/12=.0083333... then 8000=
  98. maths

    answer of the effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half -yearly is
  99. College Algebra

    bank a is lending money at 5.7% interest compounded annually. The rate at bank b is 5.6% compounded monthly, and the rate at bank C is 5.65% compounded quarterly. Which bank will you pay the least interest?
  100. Math

    Find the total number of compounding periods and interest rate per period. Terms investment: 6years, nomial rate: 18%, interest compounding :monthly, compounding period________, rate per period %_______ * i need to figure out the compounding period & rate