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Find semiannually compounded rate of interest

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1]A $1000 five-year compound-interest GIC matured at $1318.58. What semiannually compounded rate of interest did it earn?

2]For an investment to double in value during a 18-year period, a.What annually compounded rate of return must it earn? b.What monthly compounded rate of return must it earn?

3]What is the remaining time until the maturity date of a $10,000 strip bond if it is purchased for $3,585.64 to yield 7.2% compounded semiannually until maturity?

4]How long before a scheduled payment of $12,000 would a payment of $7400 be an economically equivalent alternative? Assume money is worth 4% compounded annually.

5]If a $5500 investment grew to $6700 in 30 months of monthly compounding, what effective rate of return was the investment earning?

6]What semiannually compounded rate is equivalent to 8.9% compounded quarterly?

7]A credit union pays 5.65% compounded annually on five-year compound-interest GICs. It wants to set the rates on its semiannually and monthly compounded GICs of the same maturity so that investors will earn the same total interest. What should the rates be on the GICs with the higher compounding frequencies?
Semiannual
Monthly

Reference no: EM132865812

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