convert 16% compounded monthly to equivalent nominal rate which compounded daily. Show
 Q: Convert 16% compounded monthly to equivalent nominal rate which compounded bi-monthly. A: i = 16% COMPOUNDED MONTHLY r = ? Q: the nominal rate compounded monthly which is equivalent to 18% compounded bimonthly. What is the… A: Answer is given below Q: if $ 5000 shall accumulate for 10 years at 8% compounded quarterly, what is the compound interest at… A: Click to see the answer Q: A nominal rate of 12 % compounded _____ is equal to an effective rate of 12.65 %. A: The real return on a savings account or any interest-paying investment when the outcome of… Q: A house and lot costing ₱2 million was bought at a down payment of ₱500,000 and ₱1 million after one… A: The purchase cost of House P 2,000,000 Down payment P 500,000 Payment to be made after 1… Q: If $ 5000 shall accumulate for 10 years at 8% compound quarterly. Find the compounded interest at… A: Given information is: Principal amount (P)= $5,000 Time period (t)= 10 years Interest rate (r)= 8%… Q: ompute the effective annual interest rate which is equivalent to 5% nominal annual interest… A: A nominal interest rate and an effective yearly interest rate may be advertised on a savings account… Q: A man bought an equipment costing P60,000 payable in 12 quarterly payments, each installment payable… A: In its most literal sense, an annuity is an yearly payment made, for example, under a contract to… Q: For a deposit of P150000 at 8.5% interest compounded continuously over 5 years, find the interest… A: "Since you have asked multiple questions, we will solve first question for you .. If you want any… Q: A nominal interest of 5% compounded continuously is given on the account. What is the accumulated… A: Solution Given information interest rate = 5% compounded annually Present value of amount =… Q: If I loaned 167,569 today and promised to pay it back after 5 years to the bank with monthly… A: Click to see the answer Q: If the nominal annual interest rate is 5% compounded monthly, what is the effective interest rate? A: Effective annual rate=E Annual percentage rate=APR No. of compounding period=n Given: APR=5%=0.05… Q: Mr. Dela Cruz borrowed P8,000 with 8% interest compounded semi annually is to be amortized by semi… A: Given data, Amount-8000 ROI-8% Time-8 years Q: demand loan for $7745.46 with interest at 7.4% compounded quarterly is repaid after 6 years, 2… A: Click to see the answer Q: John borrows $10,000 at 18% compounded annually. He pays off the loan over a 5-year period with… A: The loan amount is $10,000, the interest rate is 18%, and the time period is 5 year. Let us consider… Q: John borrows $10,000 at 18% compounded annually. He pays off the loan over a 5-year period with… A: A loan helps an individual to borrow and spend on his/her current needs. However, an interest rate… Q: What is the present worth of a 3-year annuity paying 3,500.00 at the end of each year, with interest… A: Present value is that the thought that states associate degree quantity of cash these days is price… Q: Q1: A sum of $2000 borrowed at 16% compounded daily for 2 years, state (a) The nominal rate of… A: Given data: Present value P=$2000 Rate 16% compounding daily. Time t=2 years Q: .Mr. Dela Cruz borrowed P9,000 with 8% interest compounded semi annually is to be amortized by semi… A: Question 1 Given Borrowed amount = 9000 Interest rate = 8 % compounded semi annually Time = 5 years… Q: The balance of an account continuously compounded was $2006 after 7 years and $6790 after 12 years.… A: According to the question The amount is compounding continuously, it will give $2006 after 7 years… Q: if I loaned 167,795 today and promised to pay it back after 5 years to the bank with monthly… A: In economics, present value refers to the current value of a future stream of cash flow. Future… Q: If the sum of ¥15,000 is deposited in an account earning interest at the rate of 12% compounded… A: Given information, Principal amount (P): ¥15,000 Interest rate (r): 12% Compounding period (m): 2… Q: A man bought an equipment costing P60,000 payable in 12 quarterly payments each installment payable… A: Quarterly compounding refers to the amount of interest earned on a quarterly basis on an account or… Q: A loan amounting to ₱ 1,000,000.00 is to be paid within 5 years. If the bank offers 12% nominal rate… A: Equivalence Monthly Installments or EMI is defined as a method used to repay a loan with easy… Q: A loan amounting to ₱ 1,000,000.00 is to be paid within 5 years. If the bank offers 12% nominal rate… A: Interest may be simple or compound and is typically explicit as a proportion. The principal quantity… Q: nnually in a bank account for five years if you wish to withdraw $3,000 year years,beginning 5 years… A: Answer Q: ach year a single payment of ₱1,766.00 is deposited in an account that earns 6% compounded… A: Compound interest is the interest on a loan or deposit calculated supported each the initial… Q: At what rate of interest, compounded annually will an investment triple itself in 8 years? A: Click to see the answer Q: Lia was supposed to make payments of $1,766 6 years ago and $1000 5 years ago to settle a loan. If… A: Interest refers to the amount paid in excess of the principal amount by the borrower to the lender.… Q: Lia was supposed to make payments of $1,766 6 years ago and $1000 5 years ago to settle a loan. If… A: Interest refers to the amount paid in excess of the principal amount y the borrower to the lender.… Q: • If money is worth 7.2% compounded monthly, find the present value and the amount of an annuity of… A: Semi annual payment = 5500 P Time = 5 years Interest rate = 7.2 % compounded monthly Monthly rate =… Q: A man is planning to finance their 5 year old-sons. Money can be deposited at 8% compounded… A: Given, Rate of interest = 8% compounded quarterly = 0.08 Time (t) = 13 Years Amount (A)= $50,000… Q: How much must be invested at the end of each month for 30yrs in a sinking fund that is to amount to… A: FV=P×1+rn-1r50000=P×1+0.041212×30-10.0412P=770 Q: How much must be invested at the end of each month for 30yrs in a sinking fund that is to amount to… A: Solution:- Q: If 26500 shall accumulate for 5 years at 7% compounded bimonthly, find the following at the end of 5… A: Answer: The method of compound interest on deposit or loan considers both the principal amount and… Q: If $500 were deposited in a bank savings account, how much would be in the account 3 years from now… A: Compound interest is calculated on the principal amount as well as the accrued interest. Q: A man paid 10% down payment of P 200.000 for a house and lot and agreed to pay the remaining balance… A: The total amount of payment = 200000 Advance payment = 10% Number of installments (n)= 60 Interest… Q: Recently, Money Money 4U offered an annuity that pays 5.4% compounded monthly. If $1,540 is… A: Money is a commodity accepted by general consent as a medium of economic exchange. It is the medium… Q: Accumulate P16,500 for 2 years and 10 months at (a) 13% compounded monthly, and (b) 13% compounded… A: Amount refers to the future value of principal money. Amount includes both the principal amount and… Q: A certain amount was deposited 5 years and 9 months ago at an interest of 8% compounded quarterly.… A: Future value = 315379.85 Interest rate = 8 % compounded quarterly Time = 5 years + 9/12 = 5.75 years… Q: An employee borrowed P20 000 with 15% compounded annually and P30 000 with 12% compounded quarterly… A: Here, given information is: Present value of P20,000 with 15% interest rate compounded annually And… Q: What are the present worth and the accumulated amount of a 12-year annuity paying BD 25,000 at the… A: Click to see the answer Q: What are the present worth and the accumulated amount of a 12-year annuity paying BD 25,000 at the… A: The present worth is calculated using the formula Present value = Annuity ×1+iN-1i1+iN Given the… Q: A man opened an account 200 000 $ in the bank today at the rate of 3%% per annum. After two years,… A: First of all we need to find first two year amount he will have in his Bank account if interest rate… Q: An amortization of a debt is in a form of a gradient series of ₱5,000 on the first year, ₱4,500 on… A: Amortization of debt for First-year = 5000 Amortization of debt for Second year = 4500 Amortization… Q: Identify the number of times interest calculated in a year if the interest is compounded every three… A: when the interest rate is compounded every 3 months then it has to be calculated for 4 times in a… Q: How much money should be deposited annually in a bank account for five years if you wish to withdraw… A: * SOLUTION :- Given that, ammount = 5500 Time = 5 years ROI = 25 Q: You invest 10,000 pesos for 3 years and get 10% interest compounded at the end of each year. What is… A: We use the compound interest formula to calculate future value after 10 years. Q: A man invested in a bank so that his daughter would receive P200,000 ten years form now. How much… A: With the help formula solve this Q: 10. If money is invested at a nominal rate of interest of 8% for a period of 4yrs. (a) What is the… A: a) The successful interest rate aims to absorb the entire cost of borrowing. It accounts for… Knowledge Booster Learn more about Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below. SEE MORE QUESTIONS Recommended textbooks for you ENGR.ECONOMIC ANALYSIS ISBN:9780190931919 Author:NEWNAN Publisher:Oxford University Press Principles of Economics (12th Edition) ISBN:9780134078779 Author:Karl E. Case, Ray C. Fair, Sharon E. Oster Publisher:PEARSON Engineering Economy (17th Edition) ISBN:9780134870069 Author:William G. Sullivan, Elin M. Wicks, C. Patrick Koelling Publisher:PEARSON Principles of Economics (MindTap Course List) ISBN:9781305585126 Author:N. 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Ward, Mike Shor Publisher:Cengage Learning Managerial Economics & Business Strategy (Mcgraw-... ISBN:9781259290619 Author:Michael Baye, Jeff Prince Publisher:McGraw-Hill Education What is the effective rate corresponding to a nominal rate of 16 compounded quarterly?In this question, the nominal interest rate is 16%, with quarterly compounding, interest compounds 4 times a year. Applying the formula, the effective annual rate is: (1+16%/4)4−1=16.99%
What nominal rate compounded monthly is equivalent to 16% effective rate?Effective Interest Rate Table. What nominal rate compounded monthly is equivalent to 12 compounded quarterly?So we take this to the 1/3 and then we subtracted one off again. We do that, we get 3.85 percent is the I'm all right, A phenomenal rate compounded quarterly. That's equivalent to that. 12% compounded monthly.
What nominal interest rate compounded monthly is equivalent to 10% compounded quarterly?Hence, the 9.9178% compounded monthly is equivalent to 10% compounded quarterly.
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Find the nominal rate compounded monthly which is equivalent to 16%compounded quarterly
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