Suppose that a savings account pays an effective rate of interest of 11 percent. What is the equivalent semiannual compound interest rate? Thank you!

Q: Your local credit union is offering a certificate of deposit at 5% annual interest. What will be the…

A: Your local credit union is offering a certificate of deposit at 5% annual interest. We need to find…

Q: A financial adviser recommends a client deposit $1500 in a fund that earns 9.5% annual interest…

A: To find the interest rate per month

Q: What is the annual opportunity cost of a checking account that requires a $300 minimum balance to…

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Q: What is the amount of interest of a loan 20,000 at 6% compound interest for 3 years?

A: We will find out the required value.

Q: Use simple interest formula: Principle=?  Rate=   3.45%         Time= 9 months    Interest=  51.75…

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Q: A bank advertises Annual Percentage Rate (APR) of 14% compounded monthly for loans. Determine the…

A: This is a problem related to compound interest. Based on the formula of Annual percentage yield we…

Q: Determine the equivalent effective interest rate of the 20% nominal interest compounding ona monthly…

A: Given, Nominal interest rate( i )=20% =0.2 n=12 ( i.e. monthly compounded in a year means 12…

Q: mple mteiest was eanmed of deposit earned an interest rate of %.

A: In this question, the concept of Simple Interest is applied. Simple Interest Simple interest is a…

Q: Consider a Bond Mutual fund that gains 3% interest compounded Monthly. If you deposited $66,000 how…

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Q: What monthly interest rate equals a quarterly interest rate of 15%? Give your answer as a decimal…

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Q: Calculate the effective rate of interest for a savings account paying a nominal rate of 9%…

A: Given that, the interest rate is r=9% and interest is compounded semiannually n=2. Note that, the…

Q: If the average inflation rate is 4%, how long is it until purchasing power is cut in half?

A: We know that, If the rate of inflation averages r per annum over n​ years, the amount A that​ P will…

Q: When calculating present value, the _____ the interest rate, the smaller the present value amount.

A: Answer When calculating present value, the _____ the interest rate, the smaller the present value…

Q: An investment will pay 5000 dollars at the beginning of 2001, and 3800 dollars at the beginning of…

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Q: If an interest rate of 5% results in interest of $50, what is the principal amount of the loan?

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Q: What interest rate was applied if a loan of P54, 300 will amount to P83, 000 after 2 years and 6…

A: We need to find the interest rate applied if a loan of P54, 300 will amount to P83, 000 after 2…

Q: What monthly interest rate equals a quarterly interest rate of 4%? Give your answer as a decimal…

A: First we have to know that number of times intrest applied per year in monthly and quarterly intrest…

Q: If the inflation rate averages 3%, how much will $1000 purchase in 2 years?

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Q: A credit card has an APR of 32.47%, and its billing cycle is 30 days long. What is the credit card's…

A: Given: APR or annual percentage rate = 32.47% billing cycle: 30 days Annual percentage rate means…

Q: What is the simple interest rate on a $1350 investment paying $319.82 interest in 10.3 years?  %…

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Q: A) if you deposit 4000$ into an account paying 6% annual compound interest monthly, how much will be…

A: As per the company guidelines i am solving the first question please resubmit the question for…

Q: Find the amount applied to principle for the third month of a 4-year loan of $12,200 which charges…

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Q: Find the effective rate of interest.For 5% compounded quarterly

A: Effective interest rate is the equivalent annual interest rate compounded annually which is…

Q: A sailboat costs $27,434. You pay 15% down and amortize the rest with equal monthly payments over a…

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Q: Suppose you buy a home and finance $285,000 at $2,293.17 per month for 30 years. What is the amount…

A: Given that you buy a home and finance $ 285,000 at $ 2293.17 per month for 30 years. We have to find…

Q: Use simple interest formula: Principle=8400    Rate= ?           Time=60 days     Interest=    1260$…

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Q: 4. Estimate the monthly payments of a loan for a 2016 Ford Raptor Baja. The amount borrowed is…

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Q: What is the interest due if $500 is borrowed for 6 months at asimple interest rate of 6% per annum?

A: Given:     Principal (P) = $500     Interest rate (r) = 6 %     Time (t) = 6 month =612 year Simple…

Q: What is the purchase price of a 6-month T-bill with a maturity value of $2000 that earns an annual…

A: Maturity value of T-bill=$2000 Terms=6 months=180 days Interest rate=3.60% Assume number of days in…

Q: 2. Estimate the monthly payments of a credit card loan of $3,000 at a 24% yearly interest rate…

A: P=$3000rate=24%=0.24 (yearly)t=5 yearsn=12 (number of times that interest is compounded in a period)

Q: What's the interest in a $500 loan at an annual simple interest rate of 9% at the end of 1 year?

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Q: Derive the formula of the compound interest for the montly investment plan

A: The annual compound interest is given by  Compound Interest (C.I)=P*(1+R%)t .........(1)  Where P is…

Q: Has a credit plan which charges her an interest rate of 36% compounded bimonthly. What is the…

A: Here, the formula used is: i=1+rmm-1...(1)

Q: Suppose that a student borrows $5000 at the start of their senior year of college. With a nominal…

A: The quarterly interest payment is calculated by multiplying the amount borrowed by the quarterly…

Q: What simple interest rate will convert a $200 investment into $220 in one year?

A: we know the formula: simple interest (SI)=P×r×t100 where P is the principle(investment) amount, r is…

Q: Suppose you make a single deposit of $8000. Calculate the amount of money you will have in the…

A: Given query is to find the amount after 5 years.

Q: What nominal rate of interest convertible once every four years is equivalent to a nominal rate if…

A: What nominal rate of interest convertible once every four years is equivalent to a nominal rate if…

Q: A bond issue is approved for building a regular payments of $96,000 every quarter into a sinking…

A: Given: To find the interest and amount how much will the city have to pay, The given details: i =…

Q: A company estimates that it will need $161,000 in 18 years to replace a computer. If it establishes…

A: Use formula of compound interest

Q: 1. Mohammed estimate that he will need RO 10,000 in 5 years to fund his university education. How…

A: There are multiple question, As per company policy ask other question separately . P = initial…

Q: A 3-year term insurance policy has an annual premium of $300, and at the end of 3 years, all…

A: Here we will use the formula  P0 = C*[1 -(1 +r)-n ]/rWhereP0 = Lump sum depositC= Annual deposit…

Q: A credit union entered a lease contract valued at $5600. The contract provides for payments at the…

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Q: A bank is offering a special four-year investment certificate paying 3.5% per year, compounded…

A: We can solve it by the mathod of finding compound interest.

Q: If a loan of P45, 000 will amount to P76, 400 when converted quarterly for 3.25 years . what…

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Q: What daily interest rate equals a quarterly interest rate of 17%? Give your answer as a decimal…

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Q: 1. At 10% interest rate, how much should you invest today to be able to withdraw Php10,000.00…

A: Given Future value=10000 Yearly invest rate (r) =10%=0.10 Total number of years (n) =10

Q: What quarterly interest rate equals an annual interest rate of 15 %? Give your answer as a decimal…

A: Given problem is :   What quarterly interest rate equals an annual interest rate of 15 %? Give…

Q: A bank offers 7.5% interest compounded monthly. What is the annual percentage yield (APY)?

A: Given  A bank offers a 7.5% interest compounded monthly. Here r=0.075 k=12

Q: What monthly interest rate equals a quarterly interest rate of 2%? Give your answer as a decimal…

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