An interest rate of 8% per 6 months, compounded monthly, is equivalent to what effective rate per

Question:

An interest rate of 8% per 6 months, compounded monthly, is equivalent to what effective rate per quarter?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Engineering economy

ISBN: 978-0073376301

7th Edition

Authors: Leland Blank, Anthony Tarquin

See More Books

Question Posted: Dec 17, 2012 05:38 AM

See More Questions

An interest rate of 21% per year, compounded every 4 months, is equivalent to what effective rate per year? Show hand and spreadsheet solutions.
A bank pays a stated annual interest rate of 8 percent. What is the effective annual rate using the following types of compounding? A. Quarterly. B. Monthly. C. Continuous.
Repeat exercise 4 for an interest rate of 1%, then for an interest rate of 5%. Arrange your answers in a table so you can more easily see the difference a change in the interest rate makes.
Energy of the emitted photon when an L-electron drops into the k-state in copper (z = 29) is -1 use R=109737 cm, cm =1.23910eV] 7994.6 eV 1094.6 eV 1293.6 eV 1097.3 eV
Use multiplication of series to show that et (0 < Izl < 1). z(z? +1) +..
Arrange to visit an attraction or entertainment location in your area and schedule an interview with the manager or local administrator. Your interview should include questions about the typical...
A researcher uses analysis of variance to test for mean differences among four treatments with a sample of n 5 6 in each treatment. The F-ratio for this analysis would have what df values? a. df 5 3,...
Dansyl chloride, which absorbs maximally at 330 nm and fluoresces maximally at 510 nm, can be used to label amino acids in fluorescence microscopy and FRET studies. Tabulated below is the variation...
#8) (3 Marks) You and your brother own Better Sewer Repairs, operated in Calgary Alberta. Alberta does not have a provincial sales tax and does not participate in the HST program. The following...
Green Manufacturing is a traditional manufacturing company located in the midwestern United States. The companys operations manager is developing a strategy to become more CSR-oriented. In an effort...
High-tech companies such as IBM, AMD, and Intel have been using nanotechnology for several years to make microchips with faster speeds while using less power. A less well-known company in the chip...
A small company that makes modular bevel gear drives with a tight swing ratio for optimizing pallet truck design was told that the interest rate on a mortgage loan would be an effective 4% per...
Describe how knowledge of current interest rates would help you better plan when obtaining a mortgage.
Thomson Company's income statement for the year ended December 31, 20X4, reported net income of $360,000. The financial statements also disclosed the following information: Depreciation $60,000...
Based on past experience, Maas Corporation (a U.S.-based company) expects to purchase raw materials from a foreign supplier at a cost of 1,800,000 francs on March 15, 2024. To hedge this forecasted...
Suppose that laws are passed banning labor unions and that resulting lower labor costs are passed along to consumers in the form of lower prices. Assume that the U.S. economy was in long-run...
What's wrong with the following statement? "Because the digits 0, 1, 2,....9 are the normal results from lottery drawings, such randomly selected numbers have a normal distribution." Choose the...
Matching Question Drag and drop various responsibilities of employers that are related to workplace values against the corresponding values. Drag and drop application. Justice Justice drop zone...
Data for Shannon Inc. are given inE22-7 . Instructions Journalize the entries to record the materials and labor variances.
Use a calculator to evaluate the expression. Round your result to the nearest thousandth. V (32 + #)
The multiplier effect is larger or smaller depending on whether households spend more or less of their additional income. What effect might the expectation of a recession have on the multiplier? What...
Refer to Problem 6-24. Set up a spread-sheet to answer various "what if" questions such as "How does the IRR vary as the cost of gasoline takes | on these values: $3.00 per gallon, $4 per gallon, and...
The Universal Postal Service is considering the possibility of fixing wind deflectors on the tops of 500 of their long-haul tractors. Three types of deflectors, with the following characteristics,...
A highway bridge is being considered for replacement. The new bridge would cost $X and would last for 20 years. Annual maintenance costs for the new bridge are estimated to be $24,000. People will be...
There is a credit rating agency for businesses that gives out various amounts of information based on the subscription level. This company is called a. Business Credit Scoring b. Fair Issue c. Dun...
Current Attempt in Progress On July 3 1 , 2 0 2 2 , Crane Compary had a cash balance per books of $ 6 , 2 4 5 . 0 0 . The statement from Dakata State Bark on that date showed a balance of $ 7 , 7 9 5...
Cede & Co. expects its EBIT to be $89,000 every year forever. The firm can borrow at 5 percent. Cede currently has no debt, and its cost of equity is 10 percent. If the tax rate is 35 percent, what...

An interest rate of 8% per 6 months, compounded monthly, is equivalent to what effective rate per

Question:

Step by Step Answer:

Given Interest rate per 6 month 8 Interest rate pe...View the full answer

Engineering economy

Students also viewed these Economics questions