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QUESTION 1 An interest rate of 38% per year, compounded monthly, is nearest to * per year Enter the value in number four decimals (exp: 0.1395)

QUESTION 1 An interest rate of 38% per year, compounded monthly, is nearest to * per year Enter the value in number four decimals (exp: 0.1395)

Economics Today and Tomorrow, Student Edition
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter6: Saving And Investing
Section6.1: Why Save?
Problem 6R
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QUESTION 1 An interest rate of 38% per year, compounded monthly, is nearest to .. per year Enter the value in number four decimals (exp: 0.1395) QUESTION 2 An interest rate of 21% per year, compounded continuously, is closest to an effective per quarter equal to.. Enter the answers as number with four decimals (Exp 0.4563) QUESTION 3 If you make quarterly deposits for 8 years (beginning one quarter from now) into an account that compounds interest at 1% per month, the value of n in the FIA factor (for determining F at the end of the 8-year period), is QUESTION 4 An interest rate of 32% per quarter, compounded continuously, is closest to an effective semiannual rate of .
Transcribed Image Text:QUESTION 1 An interest rate of 38% per year, compounded monthly, is nearest to .. per year Enter the value in number four decimals (exp: 0.1395) QUESTION 2 An interest rate of 21% per year, compounded continuously, is closest to an effective per quarter equal to.. Enter the answers as number with four decimals (Exp 0.4563) QUESTION 3 If you make quarterly deposits for 8 years (beginning one quarter from now) into an account that compounds interest at 1% per month, the value of n in the FIA factor (for determining F at the end of the 8-year period), is QUESTION 4 An interest rate of 32% per quarter, compounded continuously, is closest to an effective semiannual rate of .
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