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Which of the following compounding rates is equivalent to an effective interest rate of 2.75% p.a.?
Select one:
a.
2.75% p.a. compounding yearly
b.
2.6% p.a. compounding monthly
c.
2.6% p.a. compounding daily
d.
2.7% p.a. compounding six-monthly
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- Which of the following compounding rates is equivalent to an effective interest rate of 2.75% p.a. Select one: a. 2.6% p.a. compounding monthly O b. 2.6% p.a. compounding daily O c. O d. 2.75% p.a. compounding yearly 2.7% p.a. compounding six-monthly 23Compute the effective annual rate of interest for each of the following: a. 9.5% compounded semi- annually b. 10.5% compounded quarterly c. 5.0% compounded monthly d. 7.2% compounded bi- weekly e. 3.6% compounded daily f. 8.2% compounded weeklyCalculate and compare the effective rates of interest for saving accounts paying: (a.) a nominal rate of 3.65%; compounded quarterly (b.) a nominal rate of 3.5%; compounded monthly
- Find the equivalent interest rates to the given nominal interest rates. a. Nominal interest rate compounded quarterly that is equivalent to an effective interest rate of 8% . 144.20% 1.94% 36.05% 7.77% b. Nominal interest rate compounded monthly that is equivalent to 3.5% compounded quarterly. 31.78% 2.65% 3.49% 0.29% c. Nominal interest rate compounded monthly that is equivalent to 6% compounded annually. 5.84% 1,214.64% 0.49% 101.22%4. Compute the effective annual interest rate in each of the following situations a. 5.75% nominal interest, compounded quarterly. b. 5.75% nominal interest, compounded daily1. Determine the periodic rate of interest for each of the following. a. 9% compounded annually b. 7% compounded semiannually c. 12% compounded quarterly d. 10.5% compounded monthly
- Effective annual interest rate: Find the effective annual interest rate (EAR) on each of the following: a.6% compounded quarterly. b.4.99% compounded monthly. c.7.25% compounded semi-annually. d.5.6% compounded dailyCalculate the effective interest rate per month for an interest rate of 14% in continuously compounded account? a. 1.488% b. 1.258% c. 1.671% d. 1.174%Compute for the Effective Interest Rate Payment Period = Quarter 1. 10% Compounded Yearly = Blank 1 2. 10% Compounded Semi-annually = Blank 2 3. 10% Compounded Quarterly = Blank 3 4. 10% Compounded Bi-monthly Blank 4 5. 10% Compounded Monthly Blank 5 6. 10% Compounded Continuously Blank 6
- The nominal interest rate compounded quarterly, ¿(4) is 6%. Let ¿ be the annual effective interest rate, d be the annual effective discount rate, d(12) be the nominal discount rate compounded monthly and be the annual constant force of interest. Calculate i + 2d + 3d(¹2) + 46. A 59.14% B 59.34% C 59.54% D 59.74% E 59.94%What nominal rate of interest compounded semi-annually can be used instead of 10 % comp. monthly a.) 8.89 % b.) 11.08 % c.) 9.83 % d.) 10.21%Given the annual interest rate and a line of an amortization schedule for that loan, complete the next line of the schedule. Assume that payments are made monthly. Annual Interest Paid on Interest Rate Payment Paid Principal Balance 11.6% $425.57 $64.23 $361.34 $6,280.78 Fill out the amortization schedule below. Annual Interest Paid on Payment Balance Interest Rate Paid Principal 11.6% $425.57 $64.23 $361.34 $6,280.78 (Round to the nearest cent as needed.)