Principal: $16,400 Interest rate: 16% Compounded quarterly Calculate the effective rate (APY) of interest for 1 year. (Use the Table provided.) (Do not round intermediate calculations. Round you final answer to the nearest hundredth percent.) Effective rate
Principal: $16,400 Interest rate: 16% Compounded quarterly Calculate the effective rate (APY) of interest for 1 year. (Use the Table provided.) (Do not round intermediate calculations. Round you final answer to the nearest hundredth percent.) Effective rate
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
100%
![Future value interest factor of $1 per period at i% for n periods, FVIF(i,n).
Period 0.5%
1.0%
1.5%
2.0%
2.5%
5.0%
1.0500
3.0%
3.5%
4.0%
4.5%
1.0450
5.5%
6.0%
6.5%
7.0%
7.5%
8.0%
8.5%
9.0%
9.5%
10.0%
1.0050 1.0100 1.0150 1.0200
1.0100 1.0201 1.0302 1.0404
1.0151 1.0303 1.0457 1.0612
1.0202 1.0406 1.0614 1.0824
1.0253 1.0510 1.0773 1.1041
1.0304 1.0615 1.0934 1.1262
1.0355 1.0721 1.1098 1.1487
1.0407 1.0829 1.1265 1.1717
1.0550
1.0300
1.0609
1.0250
1.0350
1.0400
1.0600
1.0650
1.0700
1.0750
1.0800
1.0850
1.0900
1.0950
1.1000
21
1.0506
1.0769
1.0712
1.0816
1.0920
1.1025
1.1130
1.1236
1.1342
1.1449
1.1556
1.1664
1.1990
1.3129
1.1772
1.1881
1.2100
3
1.0927
1.1087
1.1249
1.1412
1.1576
1.1742
1.2388
1.3070
1.1910
1.2079
1.2250
1.2423
1.2597
1.3605
1.2773
1.2950
1.3310
1.2625
1.1038
1.1314
4
1.1255
1.1475
1.1699
1,1925
1.2155
1.2865
1.3108
1.3355
1.3859
1.4116
1.4377
1.4641
1.1593
1.1877
1.2167
1.2462
1.2763
1.3382
1.3701
1.4591
1.4026
1.4356
1.4693
1.5037
1.5386
1.5742
1.6105
1.1941
1.2293
1.2653
1.3023
1.3401
1.3788
1,4185
1.5007
1.5433
1.5869
1.7238
1.8876
1.1597
1.6315
1.6771
1.7716
1.1887
1.2299
1.2723
1.3159
1.3609
1.4071
1.4547
1.5036
1.5540
1.6058
1.6590
1.7138
1.7701
1.8280
1.9487
1.3686
1.4233
1.7835
1.9172
1.6550
1.7182
1.8509
1.9206
2.1436
1.9926
2.1719
20669
8.
1.0459 1.0937 1.1434 1.1951
10
1.2668
1.3168
1.4221
1.4775
1.5513
1.5347
1.6191
1.2184
1.5938
1.8385
2.3579
2.2632
2.4782
2.7137
1.2489
1.3048
1.3629
1.4861
1.6895
1.7626
1.9990
2.0839
1.9672
2.1049
2.2522
2.5937
1.4106
1.4600
1.6289
1.8771
2.0610
2.1589
2.2610
2.3674
1.0511 1.1046 1.1605 1.2190
1.0564 1.1157 1.1779 1.2434
12
1.7081
1.8021
1.2801
1.3439
1.4802
1.5530
1.7908
2.4532
28531
3.1384
11
1.3121
1.3842
1.5395
1.6229
1.7103
1.8983
1.9992
2.2156
2.3316
2.5804
2.5182
2.6617
2.9715
2.8127
3.0658
2.0122
2.1291
2.3818
1.0617 1.1268 1.1956 1.2682
1.0670 1.1381 1.2136 1.2936
1,0723 1.1495 1.2318 1.3195
1.4258
1.5111
1.5640
1.6187
1.3449
1.6010
1.6959
1.7959
1.9012
3.4523
3.2537
3.5629
2.5604
2.7196
2.8879
2.2675
2.4149
2.4098
2.5785
13
1.3785
1.4685
1.6651
1.7722
1.8856
2.0058
2.1329
3.7975
4.1772
4.5950
14
1.4130
1.5126
1.7317
1.8519
1.9799
2.1161
2.2609
2.7524
2.9372
3.1334
3.3417
3.9013
4.2719
2.5718
2.7590
2.9589
3.1722
3.3997
3.6425
2.2325
2.3553
2.3966
1.0777 1.1610 1.2502 1.3459
1.0831 1.1726 1.2690 1.3728
1.5580
1.6047
1.6528
1.7024
15
1.4483
1.6753
1.8009
1.9353
2.0789
3.1808
3.4194
3.6758
2.9522
3.4259
3.6887
3.9703
2.7390
2.9170
1.4845
1.7340
1.8730
2.0224
2,1829
2,5404
16
1.0885 1.1843 1.2880 1.4002
5.0545
4,0023
4.3425
4.6778
5.1222
5.6088
3.7000
4.3276
3.1588
3.3799
1.5216
1.7947
1.9479
2.1134
2.2920
2.4848
2.6928
17
1.0939 1.1961 1.3073 1.4282
2.8543
3.1067
3.9960
4.7171
5.5599
1.5597
1.5987
2.4066
2.5270
2.6215
2.7656
1.8575
2.0258
2.2085
18
1.0994 1.2081 1.3270 1.4568
6.1159
4.7116
5.1120
5.5466
6.0180
6.5296
5.1417
5.6044
6.1088
3.9515
4.2479
3.3086
3.6165
4.3157
3.0256
3.2071
2.3079
1.9225
1.9898
1.7535
2.1068
19
1.1049 1.2202 1.3469 1.4859
1.1104 1.2324 1.3671 1.5157
6.7275
7.4002
8.1403
1.6386
1.8061
2.1911
2.4117
2.6533
2.9178
3.5236
3.8697
4.6610
6.1416
20
4.1406
4.4304
4.5664
4.9089
5.2771
5.0338
5.4365
5.8715
6.7251
7.3639
8.0635
1.6796
1.8603
2.0594
2.2788
2.5202
2.7860
3.0782
3.3996
3.7527
21
6.6586
3.2475
3,6035
3.9966
2.9253
3.0715
3.2251
1.9161
2.1315
2.3699
2.6337
1.1160 1.2447 1.3876 1.5460
1.1216 1.2572 1.4084 1.5769
22
1.7216
8.9543
9.8497
2.7522
3.4262
3.8197
4.2564
4.7405
7.2579
1.9736
2.0328
2.2061
2.4647
1.7646
1.8087
23
8.8296
9.6684
7.9111
8.6231
9.3992
10.2451
7.0846
5.6729
6.0983
6.5557
7.0474
7.5759
6.3412
6.8485
7.3964
4.0489
4.2919
4.5494
5.0724
5.4274
2.2833
2.5633
2.8760
3.6146
4.5331
1.1272 1.2697 1.4295 1.6084
10.8347
11.9182
24
7.6868
8.3401
9.0490
4.8277
2.6658
2.7725
3.3864
3.5557
3.8134
4.0231
4.2444
2.3632
3.0054
1.8539
1.9003
25
1.1328 1.2824 1.4509 1.6406
2.0938
10.5869
5.8074
5.1415
5.4757
5.8316
2.1566
2.4460
3.1407
13.1100
11.5926
12.6939
13.8998
15.2203
16.6662
18.2495
19.9832
21.8816
23.9604
26.2366
28.7291
31.4584
34.4469
37.7194
41.3027
45.2265
49.5230
54.2277
59.3793
65.0204
71.1973
77.9611
85.3674
26
1.1385 1.2953 1.4727 1.6734
7.9381
6.2139
6.6488
7.1143
2.2213
2.5316
2.8834
3.2820
3.7335
4.8223
1.9478
1.9965
14.4210
15.8631
17.4494
19.1943
21.1138
23.2252
25.5477
28.1024
30.9127
34.0039
37.4043
1.1442 1.3082 1.4948 1.7069
11.1671
12.1722
13.2677
9.8182
10.6528
11.5583
12.5407
13.6067
14.7632
16.0181
17.3796
18.8569
20.4597
22.1988
24.0857
26.1330
28.3543
30.7644
33.3794
36.2167
39.2951
42.6352
46.2592
50.1912
54.4574
27
8.6271
9.3173
10.0627
10.8677
3.9201
4.4778
5.1117
3.4297
3.5840
28
1.1499 1.3213 1.5172 1.7410
2.2879
2.6202
2.9987
8.1441
2.7119
3.1187
4.1161
4.7241
5.4184
6.2107
2.0464
2.0976
2.1500
2.3566
2.4273
2.5001
29
1.1556 1.3345 1.5400 1.7758
5.7435
6.6144
7.6123
8.7550
4.9840
5.2581
2.8068
3.2434
3.7453
4.3219
14.4618
30
1.1614 1.3478 1.5631 1.8114
7.0443
8.1451
9.4116
6.0881
6.4534
6.8406
7.2510
7.6861
2.9050
3.3731
3.9139
4.5380
15.7633
17.1820
18.7284
20.4140
22.2512
24.2538
26.4367
28.8160
31.4094
34.2363
37.3175
40.6761
44.3370
48.3273
52.6767
57.4176
1.5865 1.8476
1.6103 1.8845
1.1672 1.3613
1.1730 1.3749
1.1789 1.3887 1.6345 1.9222
1.1848 1.4026 1.6590 1.9607
11.7371
12.6760
13.6901
31
10.1174
8.7153
9.3253
9.9781
7.5022
4.0900
4.2740
4.7649
5.0032
5.5473
5.8524
6.1742
3.5081
3.0067
3.1119
2.5751
2.2038
2.2589
2.3153
10.8763
11.6920
12.5689
13.5115
14.5249
15.6143
16.7853
32
7.9898
8.5092
3.6484
2.6523
2.7319
33
3.7943
4.4664
5.2533
3.2209
14.7853
15.9682
17.2456
18.6253
20.1153
21.7245
23.4625
25.3395
27.3666
29.5560
31.9204
34.4741
37.2320
10.6766
34
1.1907 1.4166 1.6839 1.9999
9.0623
9.6513
3,3336
3.9461
4.6673
5.5160
6.5138
2.8139
2.8983
2.3732
11.4239
12.2236
13.0793
35
8.1473
4.8774
5.0969
5.3262
5.5659
5.8164
6.0781
6.3516
5.7918
6.0814
6.3855
6.7048
7.0400
7.3920
6.8721
7.2501
7.6488
8.0695
8.5133
2.4325
3.4503
4.1039
10.2786
10.9467
1.1967 1.4308 1.7091 2.0399
8.6361
9.1543
9.7035
10.2857
36
2.4933
2.9852
3.5710
4.2681
37
1.2027 1.4451 1.7348 2.0807
3.0748
3.6960
4,4388
41.1448
1.2087 1.4595 1.7608 2.1223
1.2147 1.4741 1.7872 2.1647
2.5557
11.6583
12.4161
13.2231
38
13.9948
45.2593
49.7852
54.7637
60.2401
66.2641
3.8254
4.6164
3.1670
3.2620
3.3599
3.4607
2.6196
2.6851
18.0442
19.3976
20.8524
22.4163
24.0975
25.9048
27.8477
29.9363
14.9745
16.0227
39
4.8010
1.2208 1.4889 1.8140 2.2080
1.2269
3.9593
4.0978
10.9029
11.5570
12.2505
40
8.9815
2.7522
4.9931
17.1443
18.3444
1.5038 1.8412 2.2522
14.0826
9.4755
9.9967
10.5465
41
4.2413
5.1928
7.7616
2.8210
14.9980
15.9729
17.0111
18.1168
19.2944
20.5485
21.8842
42
1.2330 1.5188 1.8688 2.2972
8.1497
6.6374
6.9361
5.4005
5.6165
5.8412
6.0748
3.5645
3.6715
4.3897
4.5433
1.2392 1.5340 1.8969 2.3432
1.2454 1.5493 1.9253 2.3901
1.2516 1.5648 1.9542 2.4379
1.2579 1.5805 1.9835 2.4866
2.8915
2.9638
12.9855
13.7646
14.5905
15.4659
16.3939
17.3775
19.6285
21.0025
22.4726
24.0457
25.7289
27.5299
43
72.8905
8.5572
8.9850
9.4343
9.9060
11.1266
11.7385
12.3841
13.0653
13.7838
44
80.1795
7.2482
3.0379
3.1139
3.7816
3.8950
4.7024
4.8669
5.0373
88.1975
97.0172
106.7190
117.3909
45
46
1.2642 1.5963 2.0133 2.5363
1.2705 1.6122 2.0435 2.5871
6,3178
6.5705
6.8333
7.5744
7.9153
8.2715
62.5852
68.2179
74.3575
32.1815
34.5951
40.2106
43.4274
3.1917
4.0119
10.4013
10.9213
47
5.2136
3.2715
3.3533
3.4371
4.1323
4.2562
48
59.0863
93.4773
8.6437
9.0326
5.3961
23.3067
29.4570
37.1897
46.9016
49
1.2768 1.6283 2.0741 2.6388
11.4674
14.5420
18.4202
4.3839
5.5849
7.1067
50
1.2832 1.6446 2.1052 2.6916
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Transcribed Image Text:Future value interest factor of $1 per period at i% for n periods, FVIF(i,n).
Period 0.5%
1.0%
1.5%
2.0%
2.5%
5.0%
1.0500
3.0%
3.5%
4.0%
4.5%
1.0450
5.5%
6.0%
6.5%
7.0%
7.5%
8.0%
8.5%
9.0%
9.5%
10.0%
1.0050 1.0100 1.0150 1.0200
1.0100 1.0201 1.0302 1.0404
1.0151 1.0303 1.0457 1.0612
1.0202 1.0406 1.0614 1.0824
1.0253 1.0510 1.0773 1.1041
1.0304 1.0615 1.0934 1.1262
1.0355 1.0721 1.1098 1.1487
1.0407 1.0829 1.1265 1.1717
1.0550
1.0300
1.0609
1.0250
1.0350
1.0400
1.0600
1.0650
1.0700
1.0750
1.0800
1.0850
1.0900
1.0950
1.1000
21
1.0506
1.0769
1.0712
1.0816
1.0920
1.1025
1.1130
1.1236
1.1342
1.1449
1.1556
1.1664
1.1990
1.3129
1.1772
1.1881
1.2100
3
1.0927
1.1087
1.1249
1.1412
1.1576
1.1742
1.2388
1.3070
1.1910
1.2079
1.2250
1.2423
1.2597
1.3605
1.2773
1.2950
1.3310
1.2625
1.1038
1.1314
4
1.1255
1.1475
1.1699
1,1925
1.2155
1.2865
1.3108
1.3355
1.3859
1.4116
1.4377
1.4641
1.1593
1.1877
1.2167
1.2462
1.2763
1.3382
1.3701
1.4591
1.4026
1.4356
1.4693
1.5037
1.5386
1.5742
1.6105
1.1941
1.2293
1.2653
1.3023
1.3401
1.3788
1,4185
1.5007
1.5433
1.5869
1.7238
1.8876
1.1597
1.6315
1.6771
1.7716
1.1887
1.2299
1.2723
1.3159
1.3609
1.4071
1.4547
1.5036
1.5540
1.6058
1.6590
1.7138
1.7701
1.8280
1.9487
1.3686
1.4233
1.7835
1.9172
1.6550
1.7182
1.8509
1.9206
2.1436
1.9926
2.1719
20669
8.
1.0459 1.0937 1.1434 1.1951
10
1.2668
1.3168
1.4221
1.4775
1.5513
1.5347
1.6191
1.2184
1.5938
1.8385
2.3579
2.2632
2.4782
2.7137
1.2489
1.3048
1.3629
1.4861
1.6895
1.7626
1.9990
2.0839
1.9672
2.1049
2.2522
2.5937
1.4106
1.4600
1.6289
1.8771
2.0610
2.1589
2.2610
2.3674
1.0511 1.1046 1.1605 1.2190
1.0564 1.1157 1.1779 1.2434
12
1.7081
1.8021
1.2801
1.3439
1.4802
1.5530
1.7908
2.4532
28531
3.1384
11
1.3121
1.3842
1.5395
1.6229
1.7103
1.8983
1.9992
2.2156
2.3316
2.5804
2.5182
2.6617
2.9715
2.8127
3.0658
2.0122
2.1291
2.3818
1.0617 1.1268 1.1956 1.2682
1.0670 1.1381 1.2136 1.2936
1,0723 1.1495 1.2318 1.3195
1.4258
1.5111
1.5640
1.6187
1.3449
1.6010
1.6959
1.7959
1.9012
3.4523
3.2537
3.5629
2.5604
2.7196
2.8879
2.2675
2.4149
2.4098
2.5785
13
1.3785
1.4685
1.6651
1.7722
1.8856
2.0058
2.1329
3.7975
4.1772
4.5950
14
1.4130
1.5126
1.7317
1.8519
1.9799
2.1161
2.2609
2.7524
2.9372
3.1334
3.3417
3.9013
4.2719
2.5718
2.7590
2.9589
3.1722
3.3997
3.6425
2.2325
2.3553
2.3966
1.0777 1.1610 1.2502 1.3459
1.0831 1.1726 1.2690 1.3728
1.5580
1.6047
1.6528
1.7024
15
1.4483
1.6753
1.8009
1.9353
2.0789
3.1808
3.4194
3.6758
2.9522
3.4259
3.6887
3.9703
2.7390
2.9170
1.4845
1.7340
1.8730
2.0224
2,1829
2,5404
16
1.0885 1.1843 1.2880 1.4002
5.0545
4,0023
4.3425
4.6778
5.1222
5.6088
3.7000
4.3276
3.1588
3.3799
1.5216
1.7947
1.9479
2.1134
2.2920
2.4848
2.6928
17
1.0939 1.1961 1.3073 1.4282
2.8543
3.1067
3.9960
4.7171
5.5599
1.5597
1.5987
2.4066
2.5270
2.6215
2.7656
1.8575
2.0258
2.2085
18
1.0994 1.2081 1.3270 1.4568
6.1159
4.7116
5.1120
5.5466
6.0180
6.5296
5.1417
5.6044
6.1088
3.9515
4.2479
3.3086
3.6165
4.3157
3.0256
3.2071
2.3079
1.9225
1.9898
1.7535
2.1068
19
1.1049 1.2202 1.3469 1.4859
1.1104 1.2324 1.3671 1.5157
6.7275
7.4002
8.1403
1.6386
1.8061
2.1911
2.4117
2.6533
2.9178
3.5236
3.8697
4.6610
6.1416
20
4.1406
4.4304
4.5664
4.9089
5.2771
5.0338
5.4365
5.8715
6.7251
7.3639
8.0635
1.6796
1.8603
2.0594
2.2788
2.5202
2.7860
3.0782
3.3996
3.7527
21
6.6586
3.2475
3,6035
3.9966
2.9253
3.0715
3.2251
1.9161
2.1315
2.3699
2.6337
1.1160 1.2447 1.3876 1.5460
1.1216 1.2572 1.4084 1.5769
22
1.7216
8.9543
9.8497
2.7522
3.4262
3.8197
4.2564
4.7405
7.2579
1.9736
2.0328
2.2061
2.4647
1.7646
1.8087
23
8.8296
9.6684
7.9111
8.6231
9.3992
10.2451
7.0846
5.6729
6.0983
6.5557
7.0474
7.5759
6.3412
6.8485
7.3964
4.0489
4.2919
4.5494
5.0724
5.4274
2.2833
2.5633
2.8760
3.6146
4.5331
1.1272 1.2697 1.4295 1.6084
10.8347
11.9182
24
7.6868
8.3401
9.0490
4.8277
2.6658
2.7725
3.3864
3.5557
3.8134
4.0231
4.2444
2.3632
3.0054
1.8539
1.9003
25
1.1328 1.2824 1.4509 1.6406
2.0938
10.5869
5.8074
5.1415
5.4757
5.8316
2.1566
2.4460
3.1407
13.1100
11.5926
12.6939
13.8998
15.2203
16.6662
18.2495
19.9832
21.8816
23.9604
26.2366
28.7291
31.4584
34.4469
37.7194
41.3027
45.2265
49.5230
54.2277
59.3793
65.0204
71.1973
77.9611
85.3674
26
1.1385 1.2953 1.4727 1.6734
7.9381
6.2139
6.6488
7.1143
2.2213
2.5316
2.8834
3.2820
3.7335
4.8223
1.9478
1.9965
14.4210
15.8631
17.4494
19.1943
21.1138
23.2252
25.5477
28.1024
30.9127
34.0039
37.4043
1.1442 1.3082 1.4948 1.7069
11.1671
12.1722
13.2677
9.8182
10.6528
11.5583
12.5407
13.6067
14.7632
16.0181
17.3796
18.8569
20.4597
22.1988
24.0857
26.1330
28.3543
30.7644
33.3794
36.2167
39.2951
42.6352
46.2592
50.1912
54.4574
27
8.6271
9.3173
10.0627
10.8677
3.9201
4.4778
5.1117
3.4297
3.5840
28
1.1499 1.3213 1.5172 1.7410
2.2879
2.6202
2.9987
8.1441
2.7119
3.1187
4.1161
4.7241
5.4184
6.2107
2.0464
2.0976
2.1500
2.3566
2.4273
2.5001
29
1.1556 1.3345 1.5400 1.7758
5.7435
6.6144
7.6123
8.7550
4.9840
5.2581
2.8068
3.2434
3.7453
4.3219
14.4618
30
1.1614 1.3478 1.5631 1.8114
7.0443
8.1451
9.4116
6.0881
6.4534
6.8406
7.2510
7.6861
2.9050
3.3731
3.9139
4.5380
15.7633
17.1820
18.7284
20.4140
22.2512
24.2538
26.4367
28.8160
31.4094
34.2363
37.3175
40.6761
44.3370
48.3273
52.6767
57.4176
1.5865 1.8476
1.6103 1.8845
1.1672 1.3613
1.1730 1.3749
1.1789 1.3887 1.6345 1.9222
1.1848 1.4026 1.6590 1.9607
11.7371
12.6760
13.6901
31
10.1174
8.7153
9.3253
9.9781
7.5022
4.0900
4.2740
4.7649
5.0032
5.5473
5.8524
6.1742
3.5081
3.0067
3.1119
2.5751
2.2038
2.2589
2.3153
10.8763
11.6920
12.5689
13.5115
14.5249
15.6143
16.7853
32
7.9898
8.5092
3.6484
2.6523
2.7319
33
3.7943
4.4664
5.2533
3.2209
14.7853
15.9682
17.2456
18.6253
20.1153
21.7245
23.4625
25.3395
27.3666
29.5560
31.9204
34.4741
37.2320
10.6766
34
1.1907 1.4166 1.6839 1.9999
9.0623
9.6513
3,3336
3.9461
4.6673
5.5160
6.5138
2.8139
2.8983
2.3732
11.4239
12.2236
13.0793
35
8.1473
4.8774
5.0969
5.3262
5.5659
5.8164
6.0781
6.3516
5.7918
6.0814
6.3855
6.7048
7.0400
7.3920
6.8721
7.2501
7.6488
8.0695
8.5133
2.4325
3.4503
4.1039
10.2786
10.9467
1.1967 1.4308 1.7091 2.0399
8.6361
9.1543
9.7035
10.2857
36
2.4933
2.9852
3.5710
4.2681
37
1.2027 1.4451 1.7348 2.0807
3.0748
3.6960
4,4388
41.1448
1.2087 1.4595 1.7608 2.1223
1.2147 1.4741 1.7872 2.1647
2.5557
11.6583
12.4161
13.2231
38
13.9948
45.2593
49.7852
54.7637
60.2401
66.2641
3.8254
4.6164
3.1670
3.2620
3.3599
3.4607
2.6196
2.6851
18.0442
19.3976
20.8524
22.4163
24.0975
25.9048
27.8477
29.9363
14.9745
16.0227
39
4.8010
1.2208 1.4889 1.8140 2.2080
1.2269
3.9593
4.0978
10.9029
11.5570
12.2505
40
8.9815
2.7522
4.9931
17.1443
18.3444
1.5038 1.8412 2.2522
14.0826
9.4755
9.9967
10.5465
41
4.2413
5.1928
7.7616
2.8210
14.9980
15.9729
17.0111
18.1168
19.2944
20.5485
21.8842
42
1.2330 1.5188 1.8688 2.2972
8.1497
6.6374
6.9361
5.4005
5.6165
5.8412
6.0748
3.5645
3.6715
4.3897
4.5433
1.2392 1.5340 1.8969 2.3432
1.2454 1.5493 1.9253 2.3901
1.2516 1.5648 1.9542 2.4379
1.2579 1.5805 1.9835 2.4866
2.8915
2.9638
12.9855
13.7646
14.5905
15.4659
16.3939
17.3775
19.6285
21.0025
22.4726
24.0457
25.7289
27.5299
43
72.8905
8.5572
8.9850
9.4343
9.9060
11.1266
11.7385
12.3841
13.0653
13.7838
44
80.1795
7.2482
3.0379
3.1139
3.7816
3.8950
4.7024
4.8669
5.0373
88.1975
97.0172
106.7190
117.3909
45
46
1.2642 1.5963 2.0133 2.5363
1.2705 1.6122 2.0435 2.5871
6,3178
6.5705
6.8333
7.5744
7.9153
8.2715
62.5852
68.2179
74.3575
32.1815
34.5951
40.2106
43.4274
3.1917
4.0119
10.4013
10.9213
47
5.2136
3.2715
3.3533
3.4371
4.1323
4.2562
48
59.0863
93.4773
8.6437
9.0326
5.3961
23.3067
29.4570
37.1897
46.9016
49
1.2768 1.6283 2.0741 2.6388
11.4674
14.5420
18.4202
4.3839
5.5849
7.1067
50
1.2832 1.6446 2.1052 2.6916
M
![Principal: $16,400
Interest rate: 16%
Compounded quarterly
Calculate the effective rate (APY) of interest for 1 year. (Use the Table provided.) (Do not round intermediate calculations. Round you
final answer to the nearest hundredth percent.)
Effective rate
%
くBreX
4 of 18
Next >
***** ....*
Σ](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fed316f0c-7de5-4e7d-a4bc-15884a479f1f%2F4dd6aad9-ccf5-4d04-998a-2b4451f1cfd3%2F756leqi_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Principal: $16,400
Interest rate: 16%
Compounded quarterly
Calculate the effective rate (APY) of interest for 1 year. (Use the Table provided.) (Do not round intermediate calculations. Round you
final answer to the nearest hundredth percent.)
Effective rate
%
くBreX
4 of 18
Next >
***** ....*
Σ
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