Question
In: Finance
Find the APR (the stated interest rate) for each case. (Do not round intermediate calculations. Enter...
Find the APR (the stated interest rate) for each case. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.)
Effective Annual Interest Rate Compounding Period APR
13.35 % 1 month _______%
6.61% 6 months ______%
9.31% 3 months _______%
Solutions
jeff jeffy answered 2 years agoRelated Solutions
Solve for the unknown interest rate in each of the following: (Do not round intermediate calculations...
Solve for the unknown interest rate in each of the following:
(Do not round intermediate calculations and enter your
answers as a percent rounded to 2 decimal places, e.g.,
32.16.)
Present Value
Years
Interest Rate
Future Value
$
785
4
%
$
1,521
975
5
1,858
22,000
16
148,832
77,300
19
326,815
1. Find the EAR in each of the following cases. (Do not round intermediate calculations and...
1. Find the EAR in each of the following cases. (Do not
round intermediate calculations and enter your answers as a percent
rounded to 2 decimal places, e.g., 32.16. Use 365 days in a
year.)
Stated Rate (APR)
Number of Times
Compounded
Effective Rate (EAR)
12.50
%
Quarterly
%
13.50
Monthly
%
18.50
Daily
%
14.50
Semiannually
%
2. Find the APR, or stated rate, in each of the following cases.
(Do not round intermediate calculations and enter your
answers...
Find the APR, or stated rate, in each of the following cases: a. An effective interest...
Find the APR, or stated rate, in each of the following
cases:
a.
An effective interest of 7% compounded semiannually
b.
An effective interest of 13% compounded monthly
c.
An effective interest of 17% compounded weekly
d.
An effective interest of 8% with continuous compounding
Find the APR, or stated rate, in each of the following cases: a. An effective interest...
Find the APR, or stated rate, in each of the following
cases:
a. An effective interest of 18% compounded semiannually
b.
An effective interest of 11% compounded monthly
c.
An effective interest of 16% compounded weekly
d.
An effective interest of 13% with continuous compounding
Solve the unknown interest rate. Do not round intermediate calculations and round your final answer to 2...
Solve the unknown interest rate. Do not round
intermediate calculations and round your final answer to 2 decimal
places.
Present Value
Years
Interest Rate
Future Value
$ 240
2
$ 297
360
10
1080
39,000
15
185,382
38,261
30
531,618
The interest rate is calculating as per the formula FV =
PV*(1+r) ^n
b.Solve the unknown number of years. Do not round
intermediate calculations and round your final answer to 2 decimal
places.
Present Value
Years
Interest Rate
Future Value
$ 560
9%
$ 1,284
810...
For each of the following, compute the future value: (Do not round intermediate calculations and round...
For each of the following, compute the future value: (Do
not round intermediate calculations and round your answers to 2
decimal places, e.g., 32.16.)
Present Value
Years
Interest Rate
Future Value
$
2,450
10
13
%
$
9,853
23
8
103,305
17
6
241,382
33
4
For each of the following, compute the present value: (Do not round intermediate calculations and round...
For each of the following, compute the present value:
(Do not round intermediate calculations and round your
answers to 2 decimal places, e.g., 32.16.)
Present Value
Years
Interest Rate
Future Value
$
11
5
%
$
17,828
3
10
42,017
15
13
795,382
20
12
652,816
For each of the following, compute the future value: (Do not round intermediate calculations and round...
For each of the following, compute the future value: (Do
not round intermediate calculations and round your answers to 2
decimal places, e.g., 32.16.)
Present Value
Years
Interest Rate
Future
Value
$
1,850
11
13
%
$
7,952
7
9
68,355
14
12
175,796
8
6
1. Solve for the unknown interest rate in each of the following: (Do not round intermediate...
1. Solve for the unknown interest rate in each of the following:
(Do not round intermediate calculations and round your
final answers to 2 decimal places.)
Present Value
Years
Interest Rate
Future Value
$
240
4
%
$
297
360
18
%
1,080
39,000
19
%
185,382
38,261
25
%
531,618
2. At 6.5 percent interest, how long does it take to double your
money? (Do not round intermediate calculations. Round...
Find the following values. Compounding/discounting occursannually. Do not round intermediate calculations. Round youranswers to...
Find the following values. Compounding/discounting occurs
annually. Do not round intermediate calculations. Round your
answers to the nearest cent.a. An initial $600 compounded for 10 years at 3%.b.An initial $600 compounded for 10 years at 6%.c. The present value of $600 due in 10 years at 3%.d. The present value of $1,125 due in 10 years at 6% and 3%.
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