If the nominal interest rate is 24%, what is the effective annual interest rate when the interest is compounded semiannually? What is the present value of $250 in 15 years if the interest rate is 9 percent? How can a real value of a nominal value be found with the nominal inte...
What is the maturity value of a $3000 loan for 18 months at 8% compounded semiannually? 3000+3000*8%=3240 3240+3240*8%=3499.2 3499.2+3499.2*8%=3779.136
Interest is a return on an investment to compensate and incentivize the lending of funds. Interest rates are determined based on market factors of risk and assessments of the soundness of the borrower.Answer and Explanation: To find the semi-annually compounded interest rat...
A given rate is quoted as 12% APR but has an EAR of 12.55%. What is the rate of compounding during the year? What is the effective interest rate when the nominal interest rate of 10% is compounded semiannually; compounded quarter...
the Treasury and is announced every six months on the first business day in May and the first business day in November. That fixed rate is then applied to all Series I bonds issued during the next six months, is compounded semiannually and does not change throughout the life of the bond...
Answer to: If you take out a bank loan with a 17% quoted nominal interest rate that is compounded semiannually, what is the effective annual rate...
Your interest could be compounded daily, monthly, quarterly, semiannually or annually. The more frequent compounding periods, the greater amount of interest and the faster your money grows. How to take advantage of compounding interest Once you know how compound interest can harm or help you, ...
a认真 的学习态度 Earnest study manner [translate] aWhat is the effective annual rate (EAR) of 8% nominal annual compounded monthly, quarterly, semiannually, and annually? 什么是有效的年率(耳朵)的被配制的8%有名无实的年鉴月度,季刊,每半年和年年? [translate] ...
How can you tell if interest is compounded? Save cash back offers from top brands. Plus send money, track packages, and more. Scan the code or enter your number to get the app. By clicking 'Send Link' you agree to receive a text message with a link to the PayPal app. Message and ...
If a person invested $105 each month for 45 years, at an average return of 10% compounded semi-annually, they’d end with over $1 million. That means even someone earning minimum wage can retire a millionaire. So why doesn’t everyone retire a millionaire?