Calculate the effective annual interest rate (EAR) for a nominal rate of 10.5% compounded daily (365 days per year). Round to the nearest hundredth of a percent. Options: A) 10.50% B) 11.07% C) 11.25% D) 11.42%
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- Define the stated (quoted) or nominal rate INOM as well as the periodic rate IPER. Will the future value be larger or smaller if we compound an initial amount more often than annually—for example, every 6 months, or semiannually—holding the stated interest rate constant? Why? What is the future value of $100 after 5 years under 12% annual compounding? Semiannual compounding? Quarterly compounding? Monthly compounding? Daily compounding? What is the effective annual rate (EAR or EFF%)? What is the EFF% for a nominal rate of 12%, compounded semiannually? Compounded quarterly? Compounded monthly? Compounded daily?Given an interest rate of 8.5 percent per year, what is the value at date t = 8 of a perpetual stream of $1,900 payments with the first payment at date t=14? Multiple Choice O $13,701.13 O $14,865.72 O $15,163.04 $22,452.94 $14,568.41A. Calculate the effective annual rate (EAR) in each of the following scenarios: b. APR = 10%, monthly compounding c. 4% semi-annual interest rate, monthly compounding d. 1.5% monthly interest rate, daily compounding e. 3% quarterly interest rate, annual compounding
- Find the effective annual interest rate r of the given nominal annual interest rate. Round your answer to the nearest 0.01%. 12% compounded monthly7.If $1000 is deposited at 12.5% p.a. for one year, what is the effective annual interest rate if interest is compounded quarterly? Select one: a. 13.10% b. 12.50% c. 13.03% d. 13.05%A 10-year floating rate (annually paid) security selling for 101.32 pays a rate based on a reference rate plus 50 basis points. Assume the current value of the reference rate is 7%. What is the discount margin?
- A certain nominal annual interest rate has an effective rate of 19.722% when compounded continuously. What is its effective rate if compounded bi-monthly? A. 19.87% B. 18.45% C 18% D. 19.41%The effective annual interest rate is given to be 19.2%. What is the nominal interest rate per year (r) if continuous compounding is being used? Choose the closest answer below. (a) 19.83% (b) 18.55% (c) 17.56% (d) 16.90%If you borrow $7,300 at $800 interest for one year, what is your effective interest rate for the following payment plans? Note: Input your answers as a percent rounded to 2 decimal places. a. Annual payment b. Semiannual payments c. Quarterly payments d. Monthly payments Effective Rate of Interest % % % %
- 1. Find the annual payments for an ordinary annuity and an annuity due for 8 years with a PV of $1,000 and an interest rate of 11%. Round your answers to the nearest cent. Annual payment for ordinary annuity: $ Annual payment for annuity due: J. Find the DVI and aDetermine the simple interest. (The rate is an annual rate unless otherwise stated. Assume 360 days in one year.) p=$450, r=7.75%, t=30 daysWhich one of the following represents the highest effective interest rate per year? Select one: O a 10.5% per year, compounded semiannually O b. 10.4% per year, compounded daily Oc 10% per year, compounded quarterly Od. 10% per year, compounded monthly O e. 9.8% per year, compounded continuously
