Find the interest rate for each deposit and compound amount. $8000 accumulating to $12,384.48, compounded quarterly...

Find the interest rate for each deposit and compound amount. $8000 accumulating to $12,384.48, compounded quarterly for 8 years.

a. 5%

b. 5.75%

c. 5.5%

d. 6%

Expert Solution

ekkarill92 answered 8 months ago

Find the compound amount for the deposit and the amount of interest earned. $230 at 5.2%...

Find the compound amount for the deposit and the amount of interest earned. $230 at 5.2% compounded semiannually for 17 years The compounded amount after 17 years is $____?. The amount of interest earned is $_____?

Find the effective annual interest rate (EAR) for each of the following: 7.12 percent compounded quarterly....

Find the effective annual interest rate (EAR) for each of the following: 7.12 percent compounded quarterly. (Round answer to 2 decimal places, e.g. 15.25%.) 5.87 percent compounded monthly. (Round answer to 2 decimal places, e.g. 15.25%.) 7.07 percent compounded semiannually. (Round answer to 2 decimal places, e.g. 15.25%.) 6.36 percent compounded daily. (Round answer to 2 decimal places, e.g. 15.25%. Use 365 days for calculation.)

Find the future value (compound amount) and the compound interest, as indicated, for each of the...

Find the future value (compound amount) and the compound interest, as indicated, for each of the following investments. Round answers to the nearest cent. Use a calculator or Table 16-1 to find FVF. Please show entire solution for each question. Thank you! Present Value Rate Term Future Value (Compound Interest 2. $960 6% compounded semiannually 11 years ______ ________ 4. $10,800 10% compounded annually 40 years _______ _______ 6. $14,450 6% compounded quarterly 4 years _______ _________

The interest rate on a $100,000 loan is 7.5% compounded quarterly. What quarterly payments will reduce...

The interest rate on a $100,000 loan is 7.5% compounded quarterly. What quarterly payments will reduce the balance to $75,000 after five years? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Q6) If you deposit $92,360 at 09.00% annual interest compounded quarterly, how much money will be...

Q6) If you deposit $92,360 at 09.00% annual interest compounded quarterly, how much money will be in the account after 12 years? Q7) If you deposit $907 into an account paying 05.00% annual interest compounded monthly, how many years until there is $7,655 in the account? Q8) What is the value today of receiving a single payment of $91,870 in 8 years if your required rate of return on this investment is 30.00% compounded semi-annually? Q9) If you deposit $573...

Find the EAR in each of the following cases: a. 8% compounded quarterly b. 5% compounded...

Find the EAR in each of the following cases: a. 8% compounded quarterly b. 5% compounded monthly c. 9% compounded daily d. 15% with continuous compounding

Find the EAR in each of the following cases: a. 10% compounded quarterly b. 18% compounded...

Find the EAR in each of the following cases: a. 10% compounded quarterly b. 18% compounded monthly c. 15% compounded daily d. 14% with continuous compounding

1. what is the effective interest rate for a savings accounting that is compounded quarterly at...

1. what is the effective interest rate for a savings accounting that is compounded quarterly at 8%? 2. a bond has a current market price of $1230.00. it is said to be selling at a a. premium b. discount. c. bonus d. reward 2. bond c has a $1000 face value and provides an 8% semiannual coupon for 15 years. the appropriate discount rate is 10% (annual rate). what is the value of the coupon bond? 3. if the next...

Rs. 5000 is invested in a Term Deposit Schme that fetches interest 6% per annum compounded quarterly. What will be the interest after one year? What is effective rate of interest?

What is the equivalent compound weekly rate for 8.5% compound quarterly? (convert from compound quarterly to...

What is the equivalent compound weekly rate for 8.5% compound quarterly? (convert from compound quarterly to compound weekly). Enter your answer below as a percent to 4 decimal places.

Question