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What is the effective annual rate of 12 percent compounded monthly?
3
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 present value of 10000 in 10 years at 6 percent annual rate compounded continuously?
There is no such thing as "compounded continuously". No matter how short it may be, the compounding interval is a definite amount of time and no less.
Suppose you invest 1600 at an annual interest rate of 5.5 percent compounded continuously How much will you have in the account after 25 years?
balls
What is the effective annual rate of 12 percent compounded monthly?
3
What is the effective annual rate of 8 percent interest that is compounded monthly?
0.67 percent
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 rate of 6.3 percent compounded monthly?
6.485% (rounded)
What is the present value of 10000 in 10 years at 6 percent annual rate compounded continuously?
There is no such thing as "compounded continuously". No matter how short it may be, the compounding interval is a definite amount of time and no less.
What is the effective annual return for an investment that pays 10 percent compounded annually?
It might just be 10%.
Suppose you invest 1600 at an annual interest rate of 5.5 percent compounded continuously How much will you have in the account after 25 years?
balls
What is the annual interest rate on 5000 compounded continuously at 6.3 annual interest rate?
I suspect that it will be 6.3!
A student wants to save 8000 for college in five years How much should be put into an account that earns 5.2 percent annual interest compounded continuously?
6,209 compounded at 5.2% for 5 years yields 8,000
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 long will it take for an amount of money invested at an annual rate of 5.75 percent compounded continuously to triple in value?
y = ln(3)/ln(1.0575) = 19.65 years, approx.
Matt places 1200 in an investment account earning an annual rate of 6.5 percent compounded continuously Determine the amount of money that Matt will have in account after 10 years?
Matt will have $2,298.65.
