Equivalent semiannual compound interest rate

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Reference no: EM131831868

1. Suppose that a savings account pays an effective rate of interest of 12 percent. What is the equivalent semiannual compound interest rate?

2. An investment will quadruple your money in 9 years. What is the nominal rate of interest convertible quarterly?

3. The book, Good Boss, Bad Boss includes simple suggestions for becoming a better and more effective boss. Which of these is NOT one of the suggestions?

A. Show people how to get promoted quickly

B. Provide psychological security

C. Shield people from problems and inefficiencies elsewhere in the organization

D. Make small gestures of appreciation to people for their work.

Reference no: EM131831868

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