This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Calculate the nominal annual rate of interest compounded quarterly that is equivalent to 15% p.a. ... (Read 175 times)

Bob-Dole

  • Hero Member
  • *****
  • Posts: 547
on: Jun 6, 2019

Question 1

What is the nominal rate of interest at which money will be 10 times itself in 30 years, if compounded monthly?
◦ 7.7%
◦ 0.642%
◦ 0.006%
◦ 6.42%
◦ 4.61%

Question 2

Calculate the nominal annual rate of interest compounded quarterly that is equivalent to 15% p.a. compounded semi-annually.
◦ 14.73%
◦ 3.682%
◦ 4.61%
◦ 7.7%
◦ 7.5%
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Bob-Dole on Jun 6, 2019

Ahernandez18

  • Sr. Member
  • ****
  • Posts: 361
Reply #1 on: Jun 6, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 35% of students answer this correctly


Bob-Dole

  • Member
  • Posts: 547
Reply 2 on: Jun 6, 2019
YES! Correct, THANKS for helping me on my review

carlsona147

  • Member
  • Posts: 341
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Static Stability & Environmental Lapse Rate Static Stability & Environmental Lapse Rate
How to calculate present value (Question 3) How to calculate present value (Question 3)
How to calculate the future value of a mutual fund How to calculate the future value of a mutual fund
Anthroposphere Quarterly Period Anthroposphere Quarterly Period
Calculate the atomic mass of element Calculate the atomic mass of element
Nancy borrowed $8000 from her grandfather to buy a car when she started college. The interest ... Nancy borrowed $8000 from her grandfather to buy a car when she started college. The interest ...
Video: What are the Parts of a Plant Cell?

For a complete list of videos, visit our video library