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What is the periodic rate of interest

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Q1. The interest rate per compounding period when there is quarterly compounding is 1.5%. Find the nominal rate of interest.

Q2. Gary invested $4000 at 6% per annum compounded monthly for four years. What is the periodic rate of interest?

Q3. Find the present value of $5436.22 due in four years and three months at 4% compounded annually.

Q4. A $2500 five-year investment certificate earns 4.2% compounded monthly. How much of the maturity value is interest?

Reference no: EM133147538

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