Question: ADDITIONAL PROBLEMS-EFECTIVE INTEREST Finding THE compound earned and the effective Interest rate Principal Nominal Rate Interest Compound Compound Interest in 1 year Effective Rate 1.

ADDITIONAL PROBLEMS-EFECTIVE INTEREST

Finding THE compound earned and the effective Interest rate

Principal Nominal Rate Interest Compound Compound Interest in 1 year Effective Rate

1. 40,000 10% Semi-annually __________________________ ______________

2. 520,000 12% Monthly __________________________ ______________

3. 25,000 13% Annually __________________________ ______________

4. 9,000 8% Quarterly __________________________ ______________

Please explain clearly with the solution used.

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