R =0.113 or 11.3%. Problem 4.25. When compounded annually an interest rate is 11%. What is the rate when expressed with ( semiannual compounding, (b) quarterly compounding, (c) monthly compounding, (d) week compounding, and (e) daily compounding. We must solve 1.11=(1+R)" where R is the required rate and the number of times per year rate is compounded. The answers are a) 10.71%, b) 10.57%, c) 10.48%, d) 10.45%, e) 10.44 6/8 1.11 = (It / dy source was downloaded by 100000833567431 from CourseHero.com on 10-03-2021 14:56:14 GMT -05:00