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How long will it take $1298 00 to accumulate to $1423 00 at 3% pa compounded semi-annually? State your answer in years and months (from 0 to 11 months) The investment will take year(s) and month(s) to mature
In how many months will money double at 6% p a compounded quarterly? State your answer in years and months (from 0 to 11 months) In year(s) and month(s) the money will double at 6% p.a. compounded quarterly
A promissory note for $600.00 dated January 15, 2017, requires an interest payment of $90.00 at maturity If interest is at 9% pa compounded monthly, determine the due date of the note 700 The due date is (Round down to the nearest day)
What is the nominal annual rate of interest compounded monthly at which $1191.00 will accumulate to $1614.53 in eight years and eight months? arme The nominal annual rate of interest is% (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.
At what nominal annual rate of interest will money double itself in four years, three months if compounded quarterly? The nominal annual rate of interest for money to double itself in four years, three months is % per annum compounded quarterly (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)
A debt of $670.68 was to be repaid in 15 months. If $788.76 was repaid, what was the nominal rate compounded monthly that was charged? The nominal rate compounded monthly is% (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)
What is the effective annual rate of interest if $1300.00 grows to $1800.00 in four years compounded semi-annually? The effective annual rate of interest as a percent is%. (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)
An amount of $1000.00 earns $400.00 interest in three years, nine months. What is the effective annual rate if interest compounds quarterly? The effective annual rate of interest as a percent is% (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)
Sarah made a deposit of $1384 00 into a bank account that earns interest at 7.5% compounded quarterly. The deposit eams interest at that rate for four years (a) Find the balance of the account at the end of the period. (b) How much interest is earned? (c) What is the effective rate of interest? CTD (a) The balance at the end of the period is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed); (b) The interest earned is $ (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed.) (c) The effective rate of interest is% (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)