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 monthlyA 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?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%
- 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 daysThe discount factor corresponding to a 3-year continuously compounded interest rate is 0.765667. What is the corresponding continuously compounded interest rate? What is the corresponding quarterly compounded interest rate expressed at an annual rate?
- the maturity value of a five-year, $4000 compound interest gic is $6275.42. to three-figure accuracy, calculate the nominal rate of interest paid on the gic if interest is compounded semi-annually?An amount of $29,200 will provide 9 years of payments of $2,518.50 at the end of every 6 months. Find the corresponding interest rate as a percentage with 2 decimals, e.g., 9.87 a) What is the monthly compounded nominal rate? Mode N = P/Y = Rate = b) What is the effective rate?Use the given annual interest rate r and the compounding period to find i, the interest rate per compounding period. 5.45% compounded monthly =% per month (Type an integer or decimal rounded to the nearest thousandth as needed.)
