A 55-year-old man deposits $50000 to fund an annuity with an insurance company.The money will beinvested at 8% per year,compounded semiannually.He is to draw semiannual payments until he reaches age 65.What is
Answer to: What is the effective interest rate when the nominal interest rate of 10% is compounded semiannually; compounded quarterly; compounded...
What is the maturity value of a $3000 loan for 18 months at 8% compounded semiannually? 扫码下载作业帮搜索答疑一搜即得 答案解析 查看更多优质解析 解答一 举报 3000+3000*8%=32403240+3240*8%=3499.23499.2+3499.2*8%=3779.136 解析看不懂?免费查看同类题视频解析查看解答 更多答案(2) ...
What is the future value of $77 saved at i = 17.25%, compounded semi-annually in 2 years? What is the future value of $77 saved at I = 17.25%, compounded quarterly in 2 years? a. What is the future value of $77 saved at i = 17.25%, compounded annual...
3. Convert the annual rate to semi-annual rate: Semi-annual rate=20%2=10%4. Identify the number of compounding periods (n): n=2 (since it is compounded semi-annually for 1 year)5. Use the compound interest formula: A=P(1+R100)n Substituting the values: A=25000(1+10100)2=...
3000+3000*8%=3240 3240+3240*8%=3499.2 3499.2+3499.2*8%=3779.136 3000
a接踵而来 Following on somebody's heels[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]...
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...
m = number of compounding periods For example, if a loan's stated (nominal) rate is 8% and it's compounded semi-annually then the effective interest rate (e) would be: e = [1 + .08/2]2- 1 = 8.16% Tip Treasury Inflation Protected Securities (TIPS) allow investors to preserve their...
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 quarterl...