Question

Which of the following APRs compounded monthly is equivalent to an APR of 14.90% compounded quarterly using 360-day calendar years, 30-day months, and 3-month quarters?

Now, Which of the following APRs compounded quarterly is equivalent to an APR of 7.90% compounded daily using 360-day calendar years, 30-day months, and 3-month quarters?

Answer #1

Which of the following APRs compounded monthly is equivalent to
an APR of 15.15% compounded quarterly using 360-day calendar years,
30-day months, and 3-month quarters?

Which of the following APRs compounded monthly is equivalent to
an APR of 13.65% compounded quarterly using 360-day calendar years,
30-day months, and 3-month quarters?

Which of the following APRs compounded monthly is equivalent to
an APR of 14.15% compounded quarterly using 360-day calendar years,
30-day months, and 3-month quarters?
12.960%
13.320%
13.680%
14.040%
14.400%

Which of the following APRs compounded monthly is equivalent to
an APR of 13.15% compounded quarterly using 360-day calendar years,
30-day months, and 3-month quarters?
Question 7 options:
12.029%
12.364%
12.698%
13.032%
13.366%

Which of the following APRs compounded quarterly is equivalent
to an APR of 8.15% compounded daily using 360-day calendar years,
30-day months, and 3-month quarters? 7.821% 8.027% 8.233% 8.438%
8.644%

Which of the following APRs compounded quarterly is equivalent
to an APR of 8.65% compounded daily using 360-day calendar years,
30-day months, and 3-month quarters?
a) 8.087%
b) 8.306%
c) 8.525%
d) 8.743%
e) 8.962%

5. Using a discount rate of 4.8% APR, compounded monthly,
calculate the present value of a monthly perpetuity pay‐ ment of
$5250 if: (a) the first payment is made one month from now (2
pts.), (b) the first payment is made today (2 pts.), and (c) the
first payment is made 30 months from now (2 pts.).

Using a discount rate of 3.6% APR, compounded monthly, what is
the present value of a monthly perpetuity payment of $2,500 if: a)
The first payment is made today b) The first payment is made 12
months from now.

Find the interest rates in the following situations.
a. APR = 8%, compounded monthly. Find the effective annual
interest rate.
b. Nominal rate is 10% compounded quarterly. Find the effective
semiannual rate.
c. The effective annual interest rate is 11.02% and compounding
is monthly. Find the nominal interest rate.
d. r = 6% and compounding is monthly. Find the effective
quarterly interest rate.

Suppose you have an account that pays an APR of 4% compounded
monthly. You begin putting $1000 per month into the account at age
30.
(a) What size nest egg do you build at age 65? Round to the
whole dollar.
(b) If your life expectancy at retirement is 25 years, what will
your monthly income be? Round to the whole dollar.

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