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What is the effective rate for a nominal rate of 8 with semiannual compounding?
It is 8.16%
What is the effective annual rate if the stated rate is 8 percent and compounding occurs semiannually?
17%
determine the simple interest rate at which $2400 will grow to $2590 in 10 month?
2590/2400 gives us 1.079166666666667, or a roughly 8% increase in that time. If we want an 8% increase in 10 months with a simple (non-compounding) interest rate, then it must rise by 8/10 = 0.8% per month.
How much will an investment of 100 become at 8 percent interest compounded monthly over 5 years?
If the interest rate is the annual equivalent rate then the frequency of compounding is irrelevant.In that case, it would be 146.93In the unlikely even that the interest rate is 8% per month, equivalent to approx 152% annual, it would be worth 10125.71
What is the effective rate of 18600 invested for one year at 8 0 percent compunded semianually?
18600 x (1.04)2 = 18600 x 1.0816 = 20117.76. The effective rate is 8.16%
What is the effective rate for a nominal rate of 8 with semiannual compounding?
It is 8.16%
What is the effective annual rate if the stated rate is 8 percent and compounding occurs semiannually?
17%
How long will it take to double your money at 8 percent interest rate and continuous compounding?
Nine years at 8%
How much would 300 invested at 4 percent interest compounded monthly be worth after 8 years?
The compound interest formula is FV = P(1+i)^n where FV = Future Value P = Principal i = interest rate per compounding period n = number of compounding periods. Here you will need to calculate i by dividing the nominal annual interest rate by the number of compounding periods per year (that is, i = 4%/12). Also, if the money is invested for 8 years and compounds each month, there will be 8*12 compounding periods. Just plug the numbers into the formula. You can do it!
determine the simple interest rate at which $2400 will grow to $2590 in 10 month?
2590/2400 gives us 1.079166666666667, or a roughly 8% increase in that time. If we want an 8% increase in 10 months with a simple (non-compounding) interest rate, then it must rise by 8/10 = 0.8% per month.
What is the effective annual rate of 8 percent interest that is compounded monthly?
0.67 percent
How much will an investment of 100 become at 8 percent interest compounded monthly over 5 years?
If the interest rate is the annual equivalent rate then the frequency of compounding is irrelevant.In that case, it would be 146.93In the unlikely even that the interest rate is 8% per month, equivalent to approx 152% annual, it would be worth 10125.71
What is the effective rate of 18600 invested for one year at 8 0 percent compunded semianually?
18600 x (1.04)2 = 18600 x 1.0816 = 20117.76. The effective rate is 8.16%
How many years will it take for money to double at the effective rate of 8 percent?
9.0065 years.
What is the term deposit rate of interest for effective date?
It depends on the number of days you are willing to deposit your money. The average rate in India for a 1 year deposit is around 8% per annum.
What are 8 Steps in developing effective communication?
8 steps in developing effective communication
What is the future value of 1200 a year for 40 years at 8 percent interest?
What is the future value of $1,200 a year for 40 years at 8 percent interest? Assume annual compounding.
