At what nominal interest rate will money double in 8 years if interest is compounded quarterly? What is the effective interest rate?
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At what nominal interest rate will money double in 8 years if interest is compounded quarterly? What is the effective interest rate?
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- How long will an amount of money double at a simple interest rate of 2% per annum?How long will it take to money quintuple at 10% interest rate when interest compounded:(i) Semi-annually?(ii) Monthly?(iii) Continuously?What is the present worth of annually payments ( 2000 $ ) if the first payment will deposit after five from now , and the last one will deposit at begin of the fifteenth year ? Assume interest rate ( 7 % ) ?
- How long will an amount of money double at a simple interest rate for 2% per annum? _______ yearsWhat is the rate of interest per interest period if the nominal rate of interest is 25% compounded monthly?At what interest rate will money: a. Double itself in 10 years? b. Triple itself in 10 years? c. Quadruple itself in 10 years?
- What rate compounded monthly is equivalent to simple interest rate of 12 1/3% for 3 years?What is the annual effective interest rate equivalent to a nominal rate of 12 percent a year? Yanıt:How long will it take money to triple itself if invested at 8.35% compounded quarterly? What is the effective rate of interest?
- An investment pays you 9% interest, compounded quarterly. What is the periodic rate of interest? What is the nominal rate of interest? What is the effective rate of interest?If the interest rate is 12% compounded annually, approximately how many years will it take the current balance in an account to triple in value?What is the effective annual interest rate when 12% per year is compounded quarterly? 0.13 or 0.23?