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What is the effective rate on a mortgage with a fixed APR of 6%, compounded monthly? What is the equivalent value of $55000 invested now

  1. What is the effective rate on a mortgage with a fixed APR of 6%, compounded monthly?
  2. What is the equivalent value of $55000 invested now at a rate of 3% compounded annually for 10years?
  3. The effective annual interest rate for an A.P.R. of 5.25% compounded continually is?
  4. What is the effective annual interest rate for a nominal interest of 10% compounded monthly?
  5. A company invests $75,000 towards a major equipment overhaul in 10years. How much money will be available in the investment account at the end of the 10year period if the account yields a 4% interest rate compounded annually?
  6. If I promise to pay back $2 tomorrow for a dollar received today. Calculate the effective annual interest rate on this transaction
  7. How many years will it take for an amount "X" to double if invested at an interest rate of 10% compounded continually?

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