SOLVED: Problem 2: An interest rate of 8% compounded semi-annually is how many percent if compounded quarterly. Given: Interest rate = 8% Compounding frequency = semi-annually Required: Interest rate compounded quarterly Solution
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VIDEO ANSWER: the given part of this question is interest rate equal to 8 percentage semi -annual interest rate 8 percentage equal to 0 .08 and then semi -annual interest rate equal to 0 .08 divided 2 equal to 0 .04 and then 1 plus 0 .04 equal to 1
Numerade is a venture-backed, high-growth education technology startup based in Pasadena. We are singularly focused on creating exceptional video and interactive content experiences for education making the knowledge and skills of world class educators widely accessible and affordable to student audiences of all backgrounds. Our mission is to close the educational opportunity gap by unlocking and democratizing access to extraordinary educators and the content they have to offer.
Numerade is a venture-backed, high-growth education technology startup based in Pasadena. We are singularly focused on creating exceptional video and interactive content experiences for education making the knowledge and skills of world class educators widely accessible and affordable to student audiences of all backgrounds. Our mission is to close the educational opportunity gap by unlocking and democratizing access to extraordinary educators and the content they have to offer.
Solution: Find the compounded interest at the end of 10 years.
SOLVED: Find the equivalent interest rates to the given nominal interest rates. a. Nominal interest rate compounded quarterly that is equivalent to an effective interest rate of 8.5% % Round to two
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SOLVED: Find the nominal rate of interest compounded annually equivalent to 8% compounded quarterly.
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