For an APR of 9% per year, if the interest is compounded daily, determine the nominal...
Homework Answers
Add Answer to:
For an APR of 9% per year, if the interest is compounded daily, determine the nominal...
For an APR of 10% per year, if the interest is compounded weekly, determine the nominal...
For an APR of 10% 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 %.
Determine (within one basis point) the nominal annual interest rate (APR) compounded weekly which is equivalent...
Determine (within one basis point) the nominal annual interest rate (APR) compounded weekly which is equivalent to a nominal annual rate (APR) of 7.3%/year compounded quarterly, (Indicate your answer as a percentage without the symbol: for instance, if your answer is 10%/year, then simply write 10.)
4. Find the effective bimonthly interest rate equivalent to: (a) nominal annual interest of 9%, compounded...
4. Find the effective bimonthly interest rate equivalent to: (a) nominal annual interest of 9%, compounded 6 times per year; (b) nominal annual discount of 6%, compounded quarterly; (c) 1/2 nominal annual interest of 8%, compounded continuously.
A nominal interest rate of 10% per year, compounded monthly, is most closely: 1% per...
A nominal interest rate of 10% per year, compounded monthly, is most closely: 1% per month 5.11% per six months 10% per year 4.98% per six months
a. For an interest rate of 100% per year compounded continuously, calculate the effective daily, weekly,...
a. For an interest rate of 100% per year compounded continuously, calculate the effective daily, weekly, monthly, quarterly, semiannually, and annually interest rates. b. An investor requires an effective return of at least 12% per year. What is the minimum annual nominal rate that is acceptable for continuous compounding?
2. What nominal annual interest rate compounded monthly is equivalent to an effective annual interest rate...
2. What nominal annual interest rate compounded monthly is equivalent to an effective annual interest rate of 8% per year for the first 10 years followed by a nominal annual interest rate of 5% compounded daily for the second 10 years? Give your answer as a percent rounded to three decimal places. Answer:
7. You purchase a home and secure a 30 year equal payment loan for $200,000 at a interest rate of 5.25% APR compounded monthly. After 5 years the interest rate drops to 4.75% APR compounded month...
7. You purchase a home and secure a 30 year equal payment loan for $200,000 at a interest rate of 5.25% APR compounded monthly. After 5 years the interest rate drops to 4.75% APR compounded monthly. The bank is charging 2 points to originate the new loan. How many months do you need to stay in the house after the refinance to make the refinance a benefit? (10 Pts) a. 18 months b. 20 months C. 30 months 36 months...
please show calculationd 5. If the nominal rate of interest is 9% and it is compounded...
please show calculationd
5. If the nominal rate of interest is 9% and it is compounded monthly what rate of interest? (2 points) monthly what is the effective annual 6. If you invest 500 dollars at the beginning of each year how much will you have in 6 years if you earn 6% compounded weekly? (3 points)
Please answer C and D. If a nominal interest rate of 8% is compounded continuously, determine...
Please answer C and D.
If a nominal interest rate of 8% is compounded continuously, determine the unknown quantity in each of the following situations: a. What uniform EOY amount for 9 years is equivalent to $7,000 at EOY 9? b. What is the present equivalent value of $900 per year for 12 years? c. What is the future equivalent at the end of the fifth year of $237 payments made every six months during the five years? The first...
What does it mean to say that interest is compounded daily? Assume a 365-day year. Compounded...
What does it mean to say that interest is compounded daily? Assume a 365-day year. Compounded daily means the interest is compounded time(s) a year. х Find the compound interest and future value. Do not round intermediate steps. Round your answers to the nearest cent. Principal Rate Compounded Time $875 5% Annually 9 years The future value is $ and the compound interest is $ х 5 Find the compound interest and future value. Round your answers to the nearest...
Determine (within one basis point) the nominal annual interest rate (APR) compounded weekly which is equivalent to a nominal annual rate (APR) of 7.3%/year compounded quarterly, (Indicate your answer as a percentage without the symbol: for instance, if your answer is 10%/year, then simply write 10.)
2. What nominal annual interest rate compounded monthly is equivalent to an effective annual interest rate of 8% per year for the first 10 years followed by a nominal annual interest rate of 5% compounded daily for the second 10 years? Give your answer as a percent rounded to three decimal places. Answer:
7. You purchase a home and secure a 30 year equal payment loan for $200,000 at a interest rate of 5.25% APR compounded monthly. After 5 years the interest rate drops to 4.75% APR compounded monthly. The bank is charging 2 points to originate the new loan. How many months do you need to stay in the house after the refinance to make the refinance a benefit? (10 Pts) a. 18 months b. 20 months C. 30 months 36 months...
please show calculationd
5. If the nominal rate of interest is 9% and it is compounded monthly what rate of interest? (2 points) monthly what is the effective annual 6. If you invest 500 dollars at the beginning of each year how much will you have in 6 years if you earn 6% compounded weekly? (3 points)
Please answer C and D.
If a nominal interest rate of 8% is compounded continuously, determine the unknown quantity in each of the following situations: a. What uniform EOY amount for 9 years is equivalent to $7,000 at EOY 9? b. What is the present equivalent value of $900 per year for 12 years? c. What is the future equivalent at the end of the fifth year of $237 payments made every six months during the five years? The first...
What does it mean to say that interest is compounded daily? Assume a 365-day year. Compounded daily means the interest is compounded time(s) a year. х Find the compound interest and future value. Do not round intermediate steps. Round your answers to the nearest cent. Principal Rate Compounded Time $875 5% Annually 9 years The future value is $ and the compound interest is $ х 5 Find the compound interest and future value. Round your answers to the nearest...
Most questions answered within 3 hours.
-
Kp for the reaction:
N2O4(g)<======> 2NO2(g) in
25C is 0.15.
A certain amount of N2O4(g) is...
asked 1 minute ago -
Consider the following chemical reaction: Cl2 (g) + 2 NaBr (s)
––> 2 NaCl (s) +...
asked 26 minutes ago -
Based upon the CAIS article..
Explain briefly the main business objectives of knowledge
management, business intelligence,...
asked 25 minutes ago -
What is the output of a 4-bit analog to digital convert if the
low reference voltage...
asked 39 minutes ago -
How do government programs affect the distribution of
wealth in the US?
asked 42 minutes ago -
Draw the RTL schematic of the hardware that will be synthesized
for the VHDL code below....
asked 2 hours ago -
4. Two balls with masses of 1.80 kg and 5.90 kg travel toward
each other at...
asked 2 hours ago -
A 3.1 g sample of sodium hydrogen carbonate is added to a
solution of acetic acid...
asked 2 hours ago -
On May 28, 2021, Pesky Corporation acquired all of the
outstanding common stock of Harman, Inc.,...
asked 3 hours ago -
In Oregon in 1961, a Douglas-fir nursery was established on
agricultural lands. The soil was sterilized...
asked 4 hours ago -
1B. A baseball with a mass of LaTeX: 0.145 kg 0.145 k g is
thrown to...
asked 4 hours ago -
Describe the preparation of 3.00 L of 0.150 M glycine buffer, pH
8.6, from glycine and...
asked 4 hours ago