What is the effective annual percentage rate

Assignment Help Financial Management

Reference no: EM131453556

1. You put your money in a passbook savings account in which the interest rate is 4.2% per year compounded daily. What is the effective annual percentage rate?

2. How much money would be accumulated in 8 years if an investor deposits $2, 500 now at a nominal interest rate of 8% per year compounded semiannually?

3. If a person made a lump-sum deposit 12 years ago which has accumulated to $9, 500 now, how much was the original deposit if the interest rate received was a nominal' 4% per year compounded monthly?

Reference no: EM131453556

Questions Cloud

Report of marketing fundamentals about grilled.com : Prepare a report of Marketing fundamentals - In these we got three sections each should be of 800 words or above and 4th section conclusion can be less words.

Using the profitability index when evaluating projects : Gold Mining, Inc. is using the profitability index (PI) when evaluating projects.

Calculate financial ratios : Spread 3 years of financials for the company using Excel. Do actual fiscal year-ends, not estimated.

Show final tables with data after normalization : The table shown below lists dentist-patient appointment data. A patient is given an appointment at a specific time and date with a dentist

What is the effective annual percentage rate : You put your money in a passbook savings account in which the interest rate is 4.2% per year compounded daily. What is the effective annual percentage rate?

Artistic engineer or an articulate organizer : By using your two to three word statements that are your tagline and brand, create a 30-second elevator speech (pitch) where you will sell your most valuable.

How does telemedicine differ from the traditional medicine : How does telemedicine differ from the traditional medicine?What are other legal or ethical issues involved in telemedicine?

What are some response activities that organizations use : Discuss some major factors. What are some response activities that organizations use? What about these specific activities is beneficial to the organizations?

Health information management disaster recovery : Perform a web search on Health Information Management disaster recovery.

User Account

All Pages