What is the effective annual rate (EAR) of 12% compounded monthly? (Enter your answers as a...

What is the effective annual rate (EAR) of 12% compounded monthly?

(Enter your answers as a decimal rounded to 4 decimal places, not a percentage. For example, enter 0.0843 instead of 8.43%)

Expert Solution

jeff jeffy answered 2 years ago

What is the EAR (effective annual rate) of 9.60 percent compounded quarterly?

What is the EAR (effective annual rate) of 9.60 percent compounded quarterly?Group of answer choices9.68 percent9.92 percent9.83 percent9.71 percent9.95 percent

The APR on a loan is 13.45%, compounded monthly. What is the effective semi-annual rate? Select...

The APR on a loan is 13.45%, compounded monthly. What is the effective semi-annual rate? Select one: a. 6.725% b. 6.916% c. 7.225% d. One cannot compare rates with different compounding frequencies.

(a) Calculate the effective annual rate (EAR) for each, given the nominal rate of 12% (APR)...

(a) Calculate the effective annual rate (EAR) for each, given the nominal rate of 12% (APR) and the following compounding frequencies: (I) quarterly (II) monthly (III) daily. (b) Calculate the nominal rate (APR) for each, given the effective annual rate of 12% (EAR) and the following compounding frequencies: (I) quarterly (II) monthly (III) daily. (c) Calculate the periodic rate in percent for each, given the nominal rate of 12% (APR) and the following compounding frequencies: (I) quarterly (II) monthly (III)...

Find the effective interest rate fora) 10% compounded monthly?b) 12% compounded semiannually.

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.)

What will your monthly payments be? What is the effective annual rate on this loan?

You want to buy a new sports coupe for $84,600, and the finance office at the dealership has quoted you a 7.1 percent APR loan for 48 months to buy the car. What will your monthly payments be? What is the effective annual rate on this loan?Group of answer choices$2,017.84; 7.24 percent$2,017.84; 7.29 percent$2,017.84; 7.34 percent$2,029.78; 7.29 percent$2,029.78; 7.34 percent

What is the difference between the annual percentage rate (APR) and the effective annual rate (EAR)?...

What is the difference between the annual percentage rate (APR) and the effective annual rate (EAR)? Which rate do you believe is more relevant for financial decisions and why?

rate is 12% per annum compounded monthly. Your answers should be correct to 2 places after...

rate is 12% per annum compounded monthly. Your answers should be correct to 2 places after the decimal point. Problem 11: Betty and Bob establish a “sinking fund” to buy a new computer in 2 years. They deposit equal amounts at the beginning of each month. If they must accumulate $2,000 then, what are the monthly payments? The payments are ________________

What is the effective annual rate of 8% compounded daily?

What is the periodic rate if the nominal rate of 12% is compounded monthly? What is...

What is the periodic rate if the nominal rate of 12% is compounded monthly? What is the periodic rate if the nominal rate of 6% is compounded quarterly? When is the nominal or annual stated rate the same as the effective rate?

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