Interest rate compounded monthly calculator

    • [DOC File]Voting Theory - OpenTextBookStore

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      Years Simple Interest ($15 per month) 6% compounded monthly = 0.5% each month. 5 $3900 $4046.55 10 $4800 $5458.19 15 $5700 $7362.28 20 $6600 $9930.61 25 $7500 $13394.91 30 $8400 $18067.73 35 $9300 $24370.65

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    • [DOC File]FUTURE VALUE AND PRESENT VALUE FORMULAS

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      (The after-tax cost of debt is equal to the interest rate times [1 – tax rate], and it recognizes the tax deductibility of interest.) [6.6%] 59. What is the semiannual coupon payment on a corporate bond which has semiannual payments if the price of the bond is $1,141.57, the interest rate is 7.75%, and there are 8 years left until the bond ...

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    • [DOC File]Compound Interest Assignment

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      Compound Interest Assignment. Substitute the values of each investment into the formula A = P(1+ i)n. Use a calculator to evaluate. a) $400 at 6% per year, compounded annually, for 5 years. b) $1800 at 8.4% per year, compounded semi-annually, for years. c) $2150 at 1.2% per year, compounded monthly, for 19 months. d)

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    • [DOCX File]University of Phoenix

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      In this scenario you will calculate the monthly payment and total interest paid on a car loan. Suppose that you need $15,000 to buy a used vehicle to get back and forth to work and school. You have $7,500 in a money market fund earning 1.00% per year, but you …

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    • [DOC File]FOM12 - Claremont Secondary School

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      He has two credit cards on which he makes monthly payments: • Card A has a balance of $3002.91 and an interest rate of 17.6%, compounded daily. • Card B has a balance of $4712.01 and an interest rate of 15.9%, compounded daily. Cormac wants to consolidate his debts into a line of credit with an interest rate of 8.9%, compounded monthly.

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    • [DOC File]Time Value of Money

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      Compounded quarterly? Compounded monthly? Compounded daily? Answer: The effective annual rate is the annual rate that causes the PV to grow to the same FV as under multi-period compounding. For 12 percent semiannual compounding, the ear is 12.36 percent: EAR = Effective Annual Rate = IF iNom = 12% and interest is compounded semiannually, then:

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    • [DOC File]AGRICULTURAL ECONOMICS 330

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      1. If you wished to withdraw $40,000 in 5 years to buy a Mercedes, how much money would you need to deposit today in Citizens Savings Bank if they pay 12 percent interest (compounded monthly) (use a calculator)? (Answer = $22,018) 2. Show the relationship between present and …

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    • [DOC File]Time Value of Money

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      k. Suppose on January 1 you deposit $100 in an account that pays a nominal, or quoted, interest rate of 11.33463 percent, with interest added (compounded) daily. How much will you have in your account on October 1, or after 9 months? Answer: The daily periodic interest rate is IPER = …

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    • [DOC File]Simple and Compound Interest Worksheet

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      an account will reach a certain amount of money. (hint use your graphing calculator) 21. You invest $1,000 at a fixed rate of 7% compounded monthly, when will your account reach $10,000? (round to the nearest year) 22. You purchase a house for $250,000 which increases in value every year at 4.5%. You plan to sell your house when it is worth ...

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    • [DOC File]Chapter 5

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      (a) Enter 5% as the interest rate. NPV = $113,822 (b) Enter 8% as the interest rate. NPV = $105,625 (c) Enter 11% as the interest rate. NPV = $98,355 (d) Now enter 100,000 as Flow 0, by editing the cash flow list or reentering all the flows if your calculator does not scroll through the list. Then: IRR = 10.29%. 52 Chapter 5. The Time Value of ...

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