A 20% compounded quarterly has an equivalent rate of 3.9804%, how many times does it pay every year? 4 O 5 3. 2.

Q: A financial adviser recommends a client deposit $1500 in a fund that earns 9.5% annual interest…

A: To find the interest rate per month

Q: Find the APY of 14.9% compounded yearly, semiannually, monthly, and daily.

A: We want to find the APY of 14.9% compounded yearly, semiannually, monthly and daily.

Q: What monthly rate of interest is equivalent to 3.6% p.a. compounding semi-annually?

A: = final amount = Principal = interest rate = number of times interest applied per time…

Q: An investment account pays 4.8% compounded monthly. What equal monthly deposits should be made into…

A: An investment account pays 4.8% compounded monthly. What equal monthly deposits should be made into…

Q: Rick deposited $1500 into his saving account every month for 8 years. How much money does Rick have…

A:

Q: account earn after 15 years

A: Tamila opened a money market account that has a 4.25% annual intrest rate compounded annually. She…

Q: A person deposits $300 on the last day of each quarter into a savings account that pays 9​%…

A:

Q: A credit card has a compound interest rate of 22.5% per year on overdue balances. How much interest…

A: According to question given thatCredit card interest rate= 22.5% per yearBalance= $485.00

Q: A passbook savings account has a rate of 6% find the effective annual yield round to the nearest…

A:

Q: Find the apy for an account earning 4.3% compounded six times a year

A:

Q: calculate what $700 would grow to at 61/2% per compouned daily for 7 years

A: Given Principal amount=$700

Q: A college student is offered a credit card at 18.638% compounded monthly. What are the APR and APY?

A: Solution

Q: A graphic artist receives $3,700 for a contracted job. The money is placed in a certificate of…

A:

Q: Ms. Whodunit needs $10 000 to go on her dream vacation in three years. How much does she need to…

A:

Q: How long will it take to triple an investment at 4.6 percent per year, compounded quarterly? Round…

A:

Q: Keeler's Fabrication sets aside ​$4900.00 at the beginning of every three months in a fund to…

A: The  quarterly payment  PMT = $ 4900 Payments per year m=4 Number of years t= 9 years Number of…

Q: A company has a tax bill of $14,930 coming due in 10 months.  They would like to save for this bill…

A: Let $x is the amount of money deposited each month  So at the end of first month, the bank account…