What nominal rate of interest compounded monthly

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Reference no: EM131955026

1. At what nominal rate of interest compounded monthly will $400 earn $100 interest over four years?

2. Find the equated date at which two payments of $600 due four months ago and $400 due today could be settled by a payment of $1100, if interest is 7.25% compounded semi-annually.

3. What nominal rate of interest compounded quarterly is equivalent to an effective rate of 5.99%?

Find the nominal annual rate of interest

a) at which $1500 will grow to $1800 in four years compounded compounded monthly

b) at which money will double in seven years if compounded quarterly

Reference no: EM131955026

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