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What is the effective annual rate of 12 percent compounded monthly?
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∙ 12y ago
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Wiki User
∙ 12y 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 6.3 percent compounded monthly?
6.485% (rounded)
What is the effective annual rate of 14.9 percent compounded continuously?
It is 14.9 percent.
How do you determine the rate for one month for compounded interest?
On monthly compounding, the monthly rate is one twelfth of the annual rate. Example if it is 6% annual, compounded monthly, that is 0.5% per month.
How much would 300 invested at 4 percent interest compounded monthly be worth after 8 years round to the nearest cent.?
At 4% annual interest compounded monthly, it's 96 periods of 1/3% each.300 x (1.00333...)96 = 412.92 (rounded)
What is the effective annual rate of 8 percent interest that is compounded monthly?
0.67 percent
What is the effective annual rate of 6.3 percent compounded monthly?
6.485% (rounded)
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.
What is the effective annual rate of 14.9 percent compounded continuously?
It is 14.9 percent.
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 %
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 for a credit card with a 9.9 percent annual percentage rate that is compounded daily?
The effective annual rate for a credit card that carries a 9.9% annual percentage rate (compounded daily) is 10.4%.
What is the effective annual return for an investment that pays 10 percent compounded annually?
It might just be 10%.
If a company charges 1.5 percent monthly what is the annual percemtage rate?
If compounded, it is 1.01512 - 1 = 0.1956 approx or 19.6%
What would be the ending balance of a 1290 savings account earning 12 percent interest compounded monthly after 1 year?
12 percent, compounded monthly is the equivalent of an annual rate of approx 390%. At that rate, 1290 would be worth 5025.81 (approx).
How do you determine the rate for one month for compounded interest?
On monthly compounding, the monthly rate is one twelfth of the annual rate. Example if it is 6% annual, compounded monthly, that is 0.5% per month.
How many years will it take an investment to triple at 8 percent interest compounded monthly?
At 8% per month, compounded, it will take just 1.2 years. However, with monthly interest such that its annual compounded equivalent is 8% (roughly 0.64% each month), it will take 14.27 years.
