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150 if invested for three years at a 9 percent interest rate?
$194.25 if interest is compounded annually. A little more if compounded quarterly, monthly, or daily.
What are common modal annuitization options?
monthly, quarterly or annually.
What is the monthly interest rate of and annual 10 percent rate?
It is 0.833... recurring % if the interest is simple, or compounded annually. If compounded monthly, it is approx 0.797 %
Is the return of 12 percent compounded annually is the same as a return of 1 percent per month?
Only if the 1% per month is compounded annually and not monthly.
Find the effective rate of interest corresponding to a nominal rate of 3.2year compounded annually semiannually quarterly and monthly. (Round your answers to two decimal places.)?
To calculate the effective interest rate (EIR) based on a nominal interest rate of 3.2% compounded at various frequencies, you can use the formula: [ \text{EIR} = \left(1 + \frac{r}{n}\right)^{nt} - 1 ] where ( r ) is the nominal rate (0.032), ( n ) is the number of compounding periods per year, and ( t ) is the number of years (1 for annual calculations). Annually (n=1): EIR = ((1 + 0.032/1)^{1 \cdot 1} - 1 = 0.032) or 3.20% Semiannually (n=2): EIR = ((1 + 0.032/2)^{2 \cdot 1} - 1 \approx 0.0324) or 3.24% Quarterly (n=4): EIR = ((1 + 0.032/4)^{4 \cdot 1} - 1 \approx 0.0325) or 3.25% Monthly (n=12): EIR = ((1 + 0.032/12)^{12 \cdot 1} - 1 \approx 0.0326) or 3.26% Thus, the effective rates rounded to two decimal places are 3.20%, 3.24%, 3.25%, and 3.26% for annual, semiannual, quarterly, and monthly compounding respectively.
What will 10000 be worth in 30 years at 5 percent?
compounded annually--$43,219 compounded quarterly--$44,402 compounded monthly-- $44,677 compounded daily--$44,812
150 if invested for three years at a 9 percent interest rate?
$194.25 if interest is compounded annually. A little more if compounded quarterly, monthly, or daily.
What are common modal annuitization options?
monthly, quarterly or annually.
What type of interest is on a specific time frame?
The definition of periodic interest rate is an interest rate figured over a specific time frame. Compound interest is also figured on a specific time frame. For instance, some interest is compounded quarterly, some is compounded annually or semi-annually, or even monthly.
What is the monthly interest rate of and annual 10 percent rate?
It is 0.833... recurring % if the interest is simple, or compounded annually. If compounded monthly, it is approx 0.797 %
What type of interest is figured on a specific time frame?
The definition of periodic interest rate is an interest rate figured over a specific time frame. Compound interest is also figured on a specific time frame. For instance, some interest is compounded quarterly, some is compounded annually or semi-annually, or even monthly.
Is the return of 12 percent compounded annually is the same as a return of 1 percent per month?
Only if the 1% per month is compounded annually and not monthly.
Does compounding quarterly earn you more than compounding monthly?
Monthly compounding earns more then quarterly. For example if your told your account earns 6% compounded monthly, then after 12 months you should earn 6.17% . If your account compounds quarterly, then after four quarters you should earn 6.14% .
If you deposit 10000 in a bank account that pays 10 percent interest annually how much would be deposited in your account after 5 years?
$16,105.10 if compounded yearly, $16,288.95 if compounded semi-annually, $16,386.16 if compounded quarterly, $16,453.09 if compounded monthly, and $16,486.08 if compounded daily.
Future value of 2000 in 5 years at interest rate of 5 percent?
Compounded annually: 2552.56 Compounded monthly: 2566.72
How often do you pay your car insurance?
When applying for auto insurance, the applicant is usually given options as to the frequency of payment of premiums. It can be monthly, quarterly, semiannually, or annually. Frequently, somewhat of a discount is offered for the longer payment durations, as the insurer incurs lower internal costs, such as for billing.
How much would 500 invested at 6 interest compounded continuously be worth after 5 years?
There's no such thing as "compounded continuously". Compounding always happensat some "interval", like annually (once a year), quarterly (every 3 months), monthly,or daily.If the 6% is compounded annually, then in 5 years, your $500 becomes 500 x (1.06)5 = $669.11 . (rounded)Compounded quarterly, it's $500 x (1.015)20 = $673.43Compounded monthly, it's $500 x (1.005)60 = $674.43Compounded daily, it's $500 x (1 + 0.06/365)1,825 = $674.91(That last one may be off by a little bit; I don't know what banks do with Leap Year.)
