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Earn +20 ptsQ: What is the effective annual interest rate r of 7 percent compounded quarterly?
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What is the effective annual rate of 8 percent interest that is compounded monthly?
0.67 percent
What would be the amount of compound interest on 8000 invested for one year at 6 percent compounded quarterly round your answer to the nearest dollar?
$491
Find the effective rate when the stated rate is 13.5 percent and the interest is compounded semiannually?
13.96%
What is the effective rate of 13.5 percent when the interest is compounded semiannually?
It is 1.135^2 - 1 = 28.8%
What will 10000 be worth after 5 years at 5 percent?
It makes a difference how often the interest is compounded, and you haven't given that information. If it's compounded annually, then your 10,000 becomes 12,762.82 after 5 years. If it's compounded quarterly, then it becomes 12,820.37 . If it's compounded "daily", then it becomes 12,840.03 . If it's "simple" (uncompounded) interest, then 10,000 swells to a full 12,500 in 5 years.
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