Business Mathematics Compound Interest Discussion – timelynursingwriters.com

Mathematics – timelynursingwriters.com

Business Mathematics Compound Interest Discussion – timelynursingwriters.com

3. What semiannually compounded rate is equivalent to 6% compounded: a. Annually? b. Quarterly? c. Monthly?

4. What monthly compounded interest rate is equivalent to 6% compounded: a. Annually? b. Semiannually? c. Quarterly?

5. What quarterly compounded rate is equivalent to 7.5% compounded semiannually?

6. What semiannually compounded rate is equivalent to 8.5% compounded quarterly?

7.For a three-year GIC investment, what nominal rate compounded monthly would put you in the same financial position as 5.5% compounded semiannually?

8. You are offered a loan at a rate of 9% compounded monthly. Below what nominal rate of interest would you choose semiannual compounding instead?

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