Principal: $17,600 Interest rate: 12% Compounded quarterly Calculate the effective rate (APY) of interest for 1 year. (Use the Table provided.) (Do not round intermediate calculations. Round your final answer to the nearest hundredth percent.) Effective rate %
Principal: $17,600 Interest rate: 12% Compounded quarterly Calculate the effective rate (APY) of interest for 1 year. (Use the Table provided.) (Do not round intermediate calculations. Round your final answer to the nearest hundredth percent.) Effective rate %
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Related questions
Question
Transcribed Image Text:Future value interest factor of $1 per period at i% for n periods, FVIF(i,n).
4.0%
3.6758
3.9515
4.2479
4.5664
Period 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5%
4.5% 5.0% 5.5% 6.0% 6.5%
7.0%
1.0050 1.0100 10150 1.0200 1.0250 1.0300 1.0350
1.0400
1.0450
1.0500 1.0550 1.0600 1.0650 1.0700
1.0100 1.0201 1.0302 1.0404 1.0506 1.0609 1.0712 1.0816 1.0920 1.1025 1.1130 1.1236 1.1342 1.1449
1.0151 1.0303 1.0457 1.0612 1.0769 1.0927 1.1087 1.1249 1.1412 1.1576 1.1742 1.1910 1.2079 1.2250
1.0202 1.0406 1.0614 1.0824
1.1038 1.1255 1.1475 1.1699 1.1925 1.2155 1.2388 1.2625 1,2865 1.3108
1.0253 1.0510 1.0773 1.1041 1.1314 1.1593 1.1877 1.2167 1.2462 1.2763 1.3070 1.3382 1.3701 1.4026
1.0304 1.0615 1.0934 1.1262 1.1597 1.1941 1.2293 1.2653 1.3023 1.3401 1.3788 1.4185 1.4591 1.5007
1.0355 1.0721 1.1098 1.1487 1.1887 1.2299 1.2723 1.3159 1.3609 1.4071 1.4547 1.5036 1.5540 1.6058
1.0407 1.0829 1.1265 1.1717 1.2184 1.2668 1.3168 1.3686 1.4221 1.4775 1.5347 1.5938 1.6550 1.7182
1.0459 1.0937 1.1434 1.1951 1.2489 1.3048 1.3629 1.4233 1.4861 1.5513 1.6191 1.6895 1.7626 1.8385
1.0511 1.1046 1.1605 1.2190 1.2801 1.3439 1.4106 1.4802 1.5530 1.6289 1.7081 1.7908 1.8771 1.9672
1.0564 1.1157 1.1779 1.2434 1.3121 1.3842 1.4600 1.5395 1.6229 1.7103 1.8021 1.8983 1.9992 2.1049
1.0617 1.1268 1.1956 1.2682 1.3449 1.4258 15111 1.6010 1.6959 1.7959 1.9012 20122 2.1291 2.2522
1.0670 1.1381 1.2136 1.2936 1.3785 1.4685 1.5640 1.6651 1.7722 1.8856 2.0058 2.1329 2.2675 2.4098
1.0723 1.1495 1.2318 1.3195
1.4130
1.5126 1.6187
1.7317 1.8519 1.9799 2.1161 2.2609 2.4149
2.5785
1.0777 1.1610 1.2502 1.3459 1.4483 1.5580 1.6753 1.8009 1.9353 2.0789 2.2325 2.3966 2.5718 2.7590
1.0831 1.1726 1.2690 1.3728
1.4845 1.6047 1.7340 1.8730 20224 2.1829
2.3553 2.5404 2.7390 2.9522
1.0885 1.1843 1.2880 1.4002 1.5216 1.6528 1.7947 1.9479 2.1134 2.2920 24848 2.6928 2.9170 3.1588
1.0939 1.1961 1.3073 1.4282 1.5597 1.7024 1.8575 2.0258 2.2005
2.4066 2.6215 2.8543 3.1067 3.3799
1.0994 1.2081 1.3270 1.4568 1.5987 1.7535 1.9225 2.1068 2.3079 2.5270 2.7656 3.0256 3.3086 3.6165
1.1049 1.2202 1.3469 1.4859 1.6386
1.8061 1.9898 2.1911 24117 2.6533 2.9178 3.2071 3.5236 3.8697
1.1104 1.2324 1.3671 1.5157 1.6796 1.8603 2.0594 2.2788 2.5202 2.7860 3.0782 3.3996 3.7527 4.1406
1.1160 1.2447 1.3876 1.5460
1.7216
1.9161 2.1315 2.3699 2.6337 2.9253 3.2475 3.6035 3.9966 4.4304 4.9089
1.1216 1.2572 1.4084 1.5769 1.7646 1.9736 2.2061 2.4647 2.7522 3.0715 3.4262 3.8197 4.2564 4.7405 5.2771
1.1272 1.2697 1.4295 1.6084 1.8087 2.0328 2.2833 2.5633 28760 3.2251 3.6146 4.0489 4.5331 5.0724 5.6729
1.1328 1.2824 1.4509 1.6406 1.8539 2.0938 2.3632 2.6658 3.0054 3.3864 3.8134 4.2919 4.8277 5.4274 6.0983
1.1385 1.2953 1.4727 1.6734 1.9003 2.1566 2.4460 2.7725 3.1407 3.5557 4.0231 4.5494 5.1415 5.8074 6.5557
1.1442 1.3082 1.4948 1.7069 1.9478 2.2213 2.5316 2.8834 3.2820 3.7335 4.2444 4.8223 5.4757 6.2139 7.0474
1.1499 1.3213 1.5172 1.7410 1.9965 2.2879 2.6202 2.9987 3.4297 3.9201 4.4778 5.1117 5.8316 6.6488 7.5759
1.1556 1.3345 1.5400 1.7758 2.0464 2.3566 27119 3.1187 3.5840 4.1161 4.7241 5.4184
62107
7.1143 8.1441
1.1614 1.3478 1.5631 1.8114 2.0976 2.4273 2.8068 3.2434 3.7453 4.3219 4.9840 5.7435 6.6144 7.6123 8.7550 10.0627
13.2677 15.2203 17.4494
1.1672 1.3613 1.5865 1.8476 2.1500 25001 2.9050 3.3731 3.9139 4.5380 5.2581 6.0881 7.0443
8.1451
9.4116 10.8677 12.5407 14.4618 16.6662 19.1943
1.1730 1.3749 1.6103 1.8845 2.2038 2.5751 3.0067 3.5081 4.0900 4.7649 5.5473 6.4534 7.5022 8.7153 10.1174 11.7371 13.6067 15.7633 18.2495 21.1138
33 1.1789 1.3887 1.6345 1.9222 2.2589 2.652 3.1119 3.6484 4.2740 5.0032 5.8524 6.8406 7.9898 9.3253 10.8763 12.6760 14.7632 17.1820 19.9832 23.2252
34 1.1848 1.4026 1.6590 1.9607 2.3153 2.7319 3.2209 3.7943 4.4664 5.2533 6.1742 7.2510 8.5092 9.9781 11.6920 13.6901 16.0181 18.7284 21.8816 25.5477
35 1.1907 1.4166 1.6839 1.9999 2.3732 2.8139 3.3336 3.9461 4.6673 5.5160 6.5138 7.6861 9.0623 10.6766 12.5689 14.7853 17.3796 20.4140 23.9604
36 1.1967 1.4308 1.7091 2.0399 2.4325 2.8983 3.4503 4.1039 4.8774 5.7918 6.8721 8.1473 9.6513 11.4239 13.5115 15.9682 18.8569 22.2512 26.2366
37 1.2027 1.4451 1.7348 2.0807 2.4933 2.9852 3.5710 42681 5.0969 6.0814 7.2501 8.6361 10.2786 12.2236 14.5249 17.2456 20.4597 24.2538 28.7291
38 1.2087 1.4595 1.7608 2.1223 2.5557 3.0748 3.6960 4.4388 5.3262 6.3855 7.6488 9.1543 10.9467 13.0793 15.6143 18.6253 22.1988 26.4367 31.4584
1.2147 1.4741 1.7872 2.1647 26196 3.1670 3.8254 4.6164 5.5659 6.7048 8.0695 9.7035 11.6583 13.9948 16.7853 20.1153 24.0857 28.8160 34.4469
1.2208 1.4889 1.8140 2.2080 2.6851 3.2620 3.9593 4.8010 58164 7.0400 8.5133 10.2857 12.4161 14.9745 18.0442 21.7245 26.1330 31.4094 37.7194
45.2593
1.2269 1.5038 1.8412 2.2522 2.7522 3.3599 4.0978 4.9931 6.0781 7.3920 8.9815 10.9029 13.2231 16.0227 19.3976 23.4625 28.3543 34.2363 41.3027 49.7852
1.2330 1.5188 1.8688 2.2972 2.8210 3.4607 4.2413 5.1928 6.3516 7.7616 9.4755 11.5570 14.0826 17.1443 20.8524 25.3395 30.7644 37.3175 45.2265 54.7637
1.2392 1.5340 1.8969 2.3432 2.8915 3.5645 4.3897 5.4005 6.6374 8.1497 9.9967 12.2505 14.9980 18.3444 22.4163 27.3666 33.3794 40.6761 49.5230 60.2401
1.2454 1.5493 1.9253 2.3901 2.9638 3.6715 4.5433 5.6165 6.9361 8.5572 10.5465 12.9855 15.9729 19.6285 24.0975 29.5560 36.2167 44.3370 54.2277 66.2641
1.2516 1.5648 1.9542 24379 3.0379 3.7816 4.7024 5.8412 7.2482
8.9850
11.1266 13.7646 17.0111 21.0025
72.8905
1.2579 1.5805 1.9835 2.4866 3.1139 3.8950 4.8669 6.0748 7.5744 9.4343 11.7385 14.5905 18.1168 22.4726
80.1795
1.2642 1.5963 2.0133 2.5363 3.1917 4.0119 5.0373 6.3178 7.9153 9.9060 12.3841 15.4659 19.2944 24.0457
88.1975
1.2705 1.6122 20435 25871 3.2715 4.1323 5.2136 6.5705 8.2715 10.4013 13.0653 16.3939 20.5485 25.7289
9.3173 10.6528 12.1722 13.8998
14.4210
15.8631
11.5583
28.1024
30.9127
34.0039
37.4043
41.1448
39
40
41
42
43
44
45
46
47
48
25.9048 31.9204 39.2951 48.3273 59.3793
27.8477 34.4741 42.6352 52.6767 65.0204
29.9363 37.2320 46.2592 57.4176 71.1973
32.1815 40.2106 50.1912 62.5852 77.9611 97.0172
49 1.2768 1.6283 2.0741 2.6388 3.3533 4.2562 5.3961 6.8333 8.6437 10.9213 13.7838 17.3775 21.8842 27.5299 34.5951 43.4274 54.4574 68.2179 85.3674 106.7190
1.2832 1.6446 2.1052 2.6916
4.3839 5.5849 7.1067 9.0326 11.4674 14.5420 18.4202 23.3067 29.4570 37.1897 46.9016 59.0863 74.3575 93.4773 117.3909
50
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Effective rate
17
18
19
20
21
23
24
25
26
27
28
29
Principal: $17,600
Interest rate: 12%
7.5%
1.0750
1.1556
1.2423
1.3355
1.4356
1.5433
1.6590
1.7835
1.9172
2.0610
2.2156
2.3818
2.5604
2.7524
2.9589
3.1808
3.4194
%
8.0%
1.0800
1.1664
1.2597
1.3605
1.4693
1.5869
1.7138
1.8509
1.9990
2.1589
2.3316
2.5182
2.7196
2.9372
3.1722
3.4259
3.7000
3.9960
4.3157
4.6610
5.0338
5.4365
5.8715
6.3412
6.8485
7.3964
7.9881
8.6271
8.5%
9.0%
1.0850 1.0900
1.1772 1.1881
1.2773 1.2950
1.3859 1.4116
1.5037 1.5386
1.6315 1.6771
1.7701
1.9206
2.0839
2.2610
2.4532
26617
2.8879
3.1334
3.3997
3.6887
4.0023
4.3425
47116
5.1120
5.5466
6.0180
9.5%
1.0950
1.1990
1.3129
1.4377
1.5742
1.7238
1.8280 1.8876
1.9926 2.0669
2.1719 2.2632
2.3674 24782
2.5804 27137
28127 29715
3.0658 3.2537
3.3417 3.5629
3.6425 3.9013
3.9703 42719
4.3276 4.6778
47171 5.1222
5.1417
5.6088
5.6044 6.1416
6.7251
6.1088
6.6586
7.3639
8.0635
6.5296
7.2579
7.0846
8.8296
7.9111
8.6231
7.6868
9.6684
8.3401
9.3992 10.5869
9.0490 10.2451 11.5926
9.8182 11.1671 12.6939
10.0%
1.1000
1.2100
1.3310
1.4641
1.6105
1.7716
1.9487
21436
23579
2.5937
2.8531
3.1384
3.4523
3.7975
4.1772
4.5950
5.0545
5.5599
6.1159
6.7275
7.4002
8.1403
Compounded quarterly
Calculate the effective rate (APY) of interest for 1 year. (Use the Table provided.) (Do not round intermediate
calculations. Round your final answer to the nearest hundredth percent.)
8.9543
9.8497
10.8347
11.9182
13.1100
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