Principal $7,500 Rate: 10%  number of times Compounded per year: Semiannually  Effective Rate (APY): _ %?

Q: Find the APY of 14.9% compounded yearly, semiannually, monthly, and daily.

A: We want to find the APY of 14.9% compounded yearly, semiannually, monthly and daily.

Q: Bank Co. is offering savings account rates at 2.5%, compounded quarterly.  What is the APY for money…

A: We have to find APY for money deposited in this bank under given conditions.

Q: Calculate the principal that will earn $148.32 at 6.75% in eight months.

A: The question requires the computation of the principal amount that will yield the interest of…

Q: Determine the value of an account after 10 years if a principal amount of 11000 was deposited with…

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Q: 2,000 for 2 years at 4.5% compounded monthly. Find the total amount accumulated.

A: Initial amount= P= 2000  Time= t= 2 years  Interest rate= 4.5% = 0.045  Final amount=A=? Number of…

Q: $102 is invested in an annuity at the end of every month at 8.5%.  Find the value of the annuity at…

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Q: Prinicpal                13,800 Rate %                  9.4 Time                      3 3/4…

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Q: Charley’s credit card APR is 28.95% compounded daily. What is her actual interest rate per year?

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Q: Calculate the dividends paid to a shareholder who has 400 shares of a stock that is paying an annual…

A: The dividends paid will be calculated by the formula, Dividends paid= Annual dividend per share *…

Q: $9,000 for 3 years at 4.25% compounded monthly

A: Given:             Present value is P=$9000.             Time in years is t=3,             Rate of…

Q: Find the simple interest paid on a $470 loan at 6.9% annual interest for 3 months

A: Given:The principal amount (P) is $470.The rate of interest (R) is 6.9% per year.The number of terms…

Q: A man borrows 2000 TL and agrees to pay his creditor 800 TL at the end of 4 years and a final…

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Q: Find the apy for an account earning 4.3% compounded six times a year

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Q: Jennifer earned $ 42.55 interest over the period of 146 days on a term deposit that pays 5.75 % per…

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Q: Principal             890,000 Rate %                13.35 Time                    9 months…

A: Given: principle=890,000 Rate % =  13.35 time =9month t=912year rate=13.35100

Q: find the amount of compound interest earned  $8000 at 5.5% compunded monthly for 5 years

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Q: Peter took a loan of $15000 from TD bank, the interest rate is 12% compounded monthly. Peter plans…

A: To calculate the amount of interest in the 25th payment for Peter's loan, we can use the formula for…

Q: Calculate the simple intrest for $2400 borrowed for 2 years at 4% per annum

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Q: $1,000 for 5 years at 3% compounded quarterly

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Q: find the lump sum deposited today that will yield the same amount as monthly paymenst of  $100 with…

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Q: A local university received a $500,000.00 gift to establish an endowment fund for a student…

A: Answer:- value of the fund 56 years from now = 500,000 *[(1+0.02/2)^(2*8) ]=586289.322462…