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

Author Question: If the effective rate of interest on an investment is 6.52%, what is the nominal rate of interest ... (Read 83 times)

krzymel

  • Hero Member
  • *****
  • Posts: 548
on: Jun 6, 2019

Question 1

If $1400.00 accumulates to $2350.00 in five years, six months compounded semi-annually, what is the effective rate of interest?

Question 2

If the effective rate of interest on an investment is 6.52%, what is the nominal rate of interest compounded monthly?
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 krzymel on Jun 6, 2019

ngr69

  • Sr. Member
  • ****
  • Posts: 318
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 56% of students answer this correctly


krzymel

  • Member
  • Posts: 548
Reply 2 on: Jun 6, 2019
Great answer, keep it coming :)

zacnyjessica

  • Member
  • Posts: 345
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Effects of growth rate on development. Effects of growth rate on development.
Primary production is positively correlated with the evapotranspiration rate. Primary production is positively correlated with the evapotranspiration rate.
Static Stability & Environmental Lapse Rate Static Stability & Environmental Lapse Rate
Reaction 3: The Second Investment of ATP Reaction 3: The Second Investment of ATP
Factors That Affect Your Basal Metabolic Rate Factors That Affect Your Basal Metabolic Rate
Income per Capita versus Total Fertility Rate Income per Capita versus Total Fertility Rate
Video: Muscular Dystrophy

For a complete list of videos, visit our video library