0
It means that at the end of every month, (7/12) of 1 percent of the lowest value of
your account during the previous month is added to it.
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∙ 13y ago
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What is the effective annual rate of 8 percent interest that is compounded monthly?
0.67 percent
What is the effective annual rate of 12 percent compounded monthly?
3
How much money should be deposited at 4.5 percent interest compounded monthly for 3 years?
"How much money should be deposited at 4.5 percent interest compounded monthly for 3 years?"Incomplete question.... to do what?
What is the effective annual rate of 6.3 percent compounded monthly?
6.485% (rounded)
Future value of 2000 in 5 years at interest rate of 5 percent?
Compounded annually: 2552.56 Compounded monthly: 2566.72
Which yields more 8 percent apr compounded monthly or 8.5 percent compounded semi-annual?
8% compounded monthly is equivalent to an annual rate of approx 152% . 8.5% compounded six monthly is equivalent to "only" 17.72% so the first is clearly larger.
How much would 100 invested at 9 percent interest compounded monthly be worth after 7 years?
187.32
How much would 200 invested at 7 percent interest compounded monthly be worth after 5 years?
283.52
What is the interest rate of 13.75 percent compounded monthly is equivalent to a daily compounded interest rate?
14.651
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 is the effective annual rate of 8 percent interest that is compounded monthly?
0.67 percent
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
How much will 25000 be worth in 18 years if it is invested at 6 percent compounded monthly?
$73053.88 when compounded month your yearly rate would be 0.061678% * * * * * True, but in real life the quoted interest rate, "6 percent compounded monthly", should read "an interest rate, such that, if it were compounded monthly, would give an annual equivalent rate of 6 percent". The equivalent of 6% annual is 0.487% monthly since 1.0048712 = 1.06
What is the effective annual rate of 12 percent compounded monthly?
3
What is 8500 for 5 years at 4.5 percent compounded monthly?
10412.5
How much money should be deposited at 4.5 percent interest compounded monthly for 3 years?
"How much money should be deposited at 4.5 percent interest compounded monthly for 3 years?"Incomplete question.... to do what?
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.
