What nominal rate compounded annually would quadruple the principal in 4 years

Q: What nominal rate compounded monthly is equivalent to 12% compounded quarterly?

We do that, we get 3.85 percent is the Im all right, A phenomenal rate compounded quarterly. Thats equivalent to that. 12% compounded monthly. Okay.

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What rate of interest compounded annually is the same as the rate of interest of 6% compounded monthly?
What nominal rate compounded monthly is equivalent to 12% compounded quarterly?
What is the annual effective interest rate if the annual nominal interest rate is 12% compounded quarterly?
What is the nominal rate which if converted quarterly could be used instead of 12 compounded monthly what is the corresponding effective rate?

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ENGINEERING ECONOMY1.Determine the ordinary simple interest on P10,000 for 9 months and 10 days if the rate of interest is12%.a.933.33b. 967.67c.934.26d. 985.01

2.From question number 1, determine the future amount of money that can be received.

3.Determine the exact simple interest on P5,000 invested for the period from Jan 15, 1996 to Oct 12, 1996,if the rate of interest is 18%.

4.Mr. J. Reyes borrowed money from the bank. He received from the bank P1,842 and promise to repayP2,000 at the end of 10 months. Determine the simple interest rate.

5.The amount of P20,000 was deposited in the bank earning an interest of 6.5% per annum. Determine thetotal amount at the end of 7 years if the interest were not withdrawn during this period.a.34,256.38b. 31,079.73c. 39,658.31d. 32,125.37

6.A man expects to receive P25000 in 8years. How much is that money worth now considering interest at8% compounded quarterly?

7.How many years will P100,000 earn a compound interest of P50,000 if the interest rate is 9%compounded quarterly?

8.Compute the equivalent rate of 6% compounded semi-annually to a rate of compounded quarterly.

9.Fifteen years ago, P1000 was deposited in a bank account and today it is worth P2370. The bank paysinterest semi-annually. What was interest rate paid in this account?a.5.369%b. 5.458%c. 5.836%d. 5.025%

10. What nominal rate compounded annually would quadruple the principal in 4 years?

11. A nominal interest rate of 3% compounded continuously is given on the account. What is theaccumulated amount of P10,000 after 10 years?

12. Today, a businessman borrowed money to be paid in 10 equal payments for 10 quarters. If the interestrate is 10% compounded quarterly and quarterly payment is P2000. How much did he borrow?

What rate of interest compounded annually is the same as the rate of interest of 6% compounded monthly?

So effective interest rate would be 6.17%, which means if we apply 6.17% interest rate per year, it will give us exactly the same future value as applying interest rate of 6% compounded monthly.

What nominal rate compounded monthly is equivalent to 12% compounded quarterly?

We do that, we get 3.85 percent is the I'm all right, A phenomenal rate compounded quarterly. That's equivalent to that. 12% compounded monthly. Okay.

What is the annual effective interest rate if the annual nominal interest rate is 12% compounded quarterly?

Answer and Explanation: The correct answer is c) 12.55%.

What is the nominal rate which if converted quarterly could be used instead of 12 compounded monthly what is the corresponding effective rate?

What is the nominal rate which if converted quarterly could be used instead of 12% compounded monthly? An annual rate of 12% compounded monthly is 1% per month. A monthly rate of 1% is 1.01^3 = 1.030301 or 3.0301% quarterly.