A credit card issued through Casino Bank carries an interest rate of 1% per month onthe unpaid balance. Calculate the effective rate per semiannual period. If thecard’s interest rate is stated at 3.5% per quarter, find the effective semiannual and annualrates

$20,000.00 borrowed today for 2 years at 5% Compound Interest will result in how much total interest (I) at the end of Year 2? a) $2000.00 b) $2050.00 c) $20,000.00 d) $22,000.00

. Determine the exact simple interest on P 5,000.00 for the period from May 16 2016 to October 18, 2022 if the rate of interest is 15%

Determine the equivalent amount pf money at the beginning of the second year if interest is 6% per year, compounded monthly

Compute the initial value of the money if the barrower needs deposit the accumulated amount of P59,137 to the bank after 8 months and 24 days if the money has the interest rate of 19% per annum.

Compute the future value of the following deposits made today:a. $10,000 at 6.75% compounding annually for 10 yearsb. $10,000 at 6.75% compounding quarterly for 10 yearsc. $10,000 at 6.75% compounding monthly for 10 years

A gasoline engine is available on installment basis with a down payment of 10,688 and 2,328 at the end of each month for one year. What is the cash price of the engine if interest is set at 9% compounded monthly if payments are done every beginning of the month?pls show the formula and complete solution :(

The lender charges the barrower 1.8% per quarter. Find the equivalent nominal rate of interest. Include the unit for nominal rate.

Hi! If your credit card's APR is 24% compounded daily, what is the effective annual interest rate that you are paying? Is it APY=(1+ APR/C)^C - 1? Which gives me 27.11% Thanks.

Q.5 A construction engineer invests a sum of $10 000 in a bank at a nominal interest rate of 16% for 10 years. The compounding is quarterly. Find the maturity amount of the deposit after 10 years?