A bank advertises Annual Percentage Rate (APR) of 14% compounded monthly for loans. Determine the Annual Percentage Yield (APY).

Q: What is the amount of interest of a loan 20,000 at 6% compound interest for 3 years?

A: We will find out the required value.

Q: Find the interest earned at the end of 3 ¼ years if ₱ 50,750 is invested at 12% compounded semi…

A: Compound interest formula is  A=P1+rnntP is the principal amount=50750r=0.12t= 3.25 years Replace…

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: loan plan, the interest is reported as 36% compound monthly interest. Calculate the effective…

A: The compounded monthly interest is given as 36%.   Let the effective rate of interest be "i"

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: What is the monthly mortgage constant on a 20-year mortgage loan of $75,000 requiring payments of…

A: Note;- These are multiple questions according to guideline we can do maximum 1 question so i am…

Q: Calculate the value gained from depositing 12 regular installments into a bank, as the amount of…

A: S = P × (([1 + i]n – 1) / i) × (1 + i). Here, S is the final amount of maturity. P is the amount…

Q: Calculate the simple interest due (in dollars) on a 60-day loan of $1,600 if the annual interest…

A: Given

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: A loan of P100,000 has been issued for 5 years. Compute for the amount to be repaid to the lender if…

A:

Q: suppose you borrow 865 for aterm of three years at simple interest and 5.46% apr. determine the…

A: Given that  Borrowing amount 865 Time period 3 years  Rate of interest 5.46%

Q: 6. Company Coupon Rate Annoal Interat Company 5 8.25% 7. 1098 Offer Price Net Asset Value Sales…

A: Here , P= 103 dollar  T= 1 year R= 8.25%

Q: alculate the approximate value of a $260 000 house after five years if it has an appreciation rate…

A: Given that initial value of the house is $260000  and appreciation percentage is 6% per year. Find…

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

A:

Q: The cost to purchase the house that Bainters are considering is $195, 000, but the Bainters plan to…

A: Given that, The total cost of the house $195,000. Plan to make down payment $40,000. Time is 30…

Q: The annual effective interest rate is 5%.Find the monthly effective discount rate

A: To find the monthly effective discount rate, we need to convert the annual effective interest rate…

Q: Find the principal if $245 in interest is due after 10 months at 7%

A: By using formula of simple interest.

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: Determine the amount owed on a 750$ loan after 2 years at 12% interest compounded semi annually.

A:

Q: Find the present worth of a maintenance that has a cost of 40,000 in year 1 and annual increases of…

A: