Question

Find the effective interest rate. Round to two decimal places when needed. Rate: 14% Compounded: Quarterly

Find the effective interest rate. Round to two decimal places when needed. Rate: 14% Compounded: Quarterly

Homework Answers

Answer #1

In case of any doubt please comment below

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A mechanic borrows $7500 to expand his garage. The interest rate is 14% compounded quarterly with...
A mechanic borrows $7500 to expand his garage. The interest rate is 14% compounded quarterly with payments due every quarter. What are the quarterly payments if the loan is to be paid off in 5 years? (Round your final answer to two decimal places.)
5. For an annual interest rate of 10% compounded quarterly what it will be the effective...
5. For an annual interest rate of 10% compounded quarterly what it will be the effective annual interest rate?
Find the missing values assuming continuously compounded interest. (Round your answers to two decimal places.) Initial...
Find the missing values assuming continuously compounded interest. (Round your answers to two decimal places.) Initial Investment Annual % Rate Time to Double Amount After 10 Years $850 % unknown time to double 6 2/ 5 yr and amount after 10 years$ unknown
15. the effective rate of the compound interest rate or investment. (Round your answer to two...
15. the effective rate of the compound interest rate or investment. (Round your answer to two decimal places.) A $50,000 zero-coupon bond maturing in 8 years and selling now for $42,035. 16.have just received $115,000 from the estate of a long-lost rich uncle. If you invest all your inheritance in a tax-free bond fund earning 6.2% compounded quarterly, how long do you have to wait to become a millionaire? (Round your answer to two decimal places.)
(exponential functions 5.3B.60) If Donald invests $3000 at 9% interest compounded quarterly, find the amount after...
(exponential functions 5.3B.60) If Donald invests $3000 at 9% interest compounded quarterly, find the amount after 6 years. a) Don has approximately $ (round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed. Show work)
If a nominal interest rate compounded quarterly is 8%, what is the annual effective discount rate?...
If a nominal interest rate compounded quarterly is 8%, what is the annual effective discount rate? SHOW FORMULAS AND GET THUMBS UP
1- For an annual interest rate of 10% compounded continuously what it will be the effective...
1- For an annual interest rate of 10% compounded continuously what it will be the effective annual interest rate? 2. For an annual interest rate of 10% compounded quarterly what it will be the effective annual interest rate? 3. For a monthly interest rate of 1.2 % compounded quarterly what it will be the effective annual interest rate?
Complete the table assuming continuously compounded interest. (Round your answers to two decimal places.) Initial Investment...
Complete the table assuming continuously compounded interest. (Round your answers to two decimal places.) Initial Investment Annual % Rate Time to Double Amount After 10 Years $ 6.4% yr $14,000
Expand PreviousNext Check 1 ptRetries 1Info Details Find the effective rate of interest of an inve
Expand PreviousNext Check 1 ptRetries 1Info Details Find the effective rate of interest of an investment that earns 2.17% compounded weekly. Round the effective rate to two decimal places. NOMINAL=? EFFECTIVE=? C/P=?
What semiannually compounded rate and effective rate of interest are being charged on a $12,000 loan...
What semiannually compounded rate and effective rate of interest are being charged on a $12,000 loan if semiannual payments of $1204.55 will repay the loan in seven years? (Do not round intermediate calculations and round your final answer to 2 decimal places.)   j = % compounded semiannually   f = % effective rate