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Earn +20 ptsQ: What is the effective rate of 8 with semiannual compounding?
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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%
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