7. Calculate the APR for an 8% per annum nominal rate of interest compounded continu- ously.

Q: A bank advertises Annual Percentage Rate (APR) of 14% compounded monthly for loans. Determine the…

A: This is a problem related to compound interest. Based on the formula of Annual percentage yield we…

Q: Determine the equivalent effective interest rate of the 20% nominal interest compounding ona monthly…

A: Given, Nominal interest rate( i )=20% =0.2 n=12 ( i.e. monthly compounded in a year means 12…

Q: DETERMINE the original value of an investment that has matured to $1, 000 after 8 years with an…

A: To determine the original value of an investment that has matured to $1, 000 after 8 years with an…

Q: 22. Your savings account earns an APR of 2.5% compounded quarterly. Find the APY.

A:

Q: Calculate the effective rate of interest for a savings account paying a nominal rate of 9%…

A: Given that, the interest rate is r=9% and interest is compounded semiannually n=2. Note that, the…

Q: Calculate the time period of an investment in a mutual fund that matured to $66,063.92 yielding…

A: An investment in a mutual fund that matured to  yielding interest of  at  compounded monthly.

Q: Calculate the effective interest rate of an account earning 5% interest compounded daily. Round to…

A: It is given that, an investment that earns the rate of return of 5% interest compounded daily. Note…

Q: 3 Find the compound interest In on a loan of ₱600,000 at 6% compounded semi-annually for 8 years.

A:

Q: What sum of money is required to pay a loan of P20,000 on May 20, 2018, if the loan was made on…

A:

Q: Mrs. Duzon wants to invest 25,000 in a bank for 3 years at 2% compounded quarterly -what is the…

A:

Q: What is the annual effective interest rate of a loan that is the compounded daily, if the nominal…

A: We know,  effective interest rate = nominal interest ratenumber of compounding period in a year…

Q: determine the interest rate in % compounded annually if the compound amount factor is 1.069 for a…

A: The formula for compound interest is A= P(1+rn)nt Where A = accumulated amount, P= principal, r =…

Q: Determine the nominal interest rate compounded half yearly if the effective interest rate is 8% per…

A: Provided information is ; effective rate per annum(i) = 8% compounding period(m) = 6 months…

Q: Find the exact interest on a loan of $7500 at 13% annually made on July 17 and due November 30.…

A: Given that we need to find the interest on a loan for following interest rate and on time.

Q: - 4. 3y(x² − 1)dx + (x³ + 8y − 3x)dy = 0; when x = 0, y = 1

A:

Q: The latest cell phone sells for P5 000.00 down payment at P900.00 every end of each quarter for 3…

A:

Q: if a nine-month term deposit at a bank earns a simple interest rate of 9% per annum, how much should…

A:

Q: If a bank offer you a fixed term deposit investment with 6.5% a year compounding quarterly interest…

A:

Q: Find the maturity value and compound interest if 30,000 is compounded quarterly at an interest rate…

A: We have to find maturity value and compound interest.

Q: 1. Find the nominal rate of interest compounded monthly corresponding to the effective rate 6.09%…

A: Given that the effective rate 6.09% per annum.

Q: Calculate the effective rate for 7.9% interest compounded monthly

A: The interest  compounded monthly.The aim is to find the effective rate.

Q: find the effective interest rate of 8% compounded quarterly

A:

Q: Assume that you want to have $ 3100 saved in a sinking fund in 1 year. The account pays 4.5%…

A: given, FV = $3100 N = 1 M =12 (monthly compounding) R =4.5%