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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
- 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 at a rate of 3% compounded annually for 10years?
- The effective annual interest rate for an A.P.R. of 5.25% compounded continually is?
- What is the effective annual interest rate for a nominal interest of 10% compounded monthly?
- 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?
- If I promise to pay back $2 tomorrow for a dollar received today. Calculate the effective annual interest rate on this transaction
- 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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