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 412 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

FergA

  • Member
  • Posts: 352
Reply 3 on: Yesterday
Excellent

« 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?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Static Stability & Environmental Lapse Rate Static Stability & Environmental Lapse Rate
How to calculate RRSP using the annuity formula How to calculate RRSP using the annuity formula
Calculate the physical variables Calculate the physical variables
If you are able to earn 6.2% compounded semi-annually in an account, how long will it take for ... If you are able to earn 6.2% compounded semi-annually in an account, how long will it take for ...
A mother invests $9000 in a bank account at the time of her daughter's birth. The interest is ... A mother invests $9000 in a bank account at the time of her daughter's birth. The interest is ...
A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ... A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ...
Video: Premenstrual Syndrome

For a complete list of videos, visit our video library