Question: Simple and compound interest rate 8. Determine the effective interest rate, based on a 15% annual rate with monthly capitalization: a) effective monthly rate, b)

Simple and compound interest rate

8. Determine the effective interest rate, based on a 15% annual rate with monthly capitalization:

a) effective monthly rate,

b) effective quarterly rate,

c) semi-annual effective rate,

d) annual rate effective. 9. Determine the effective annual interest rate, based on the nominal interest rate that is provided:

a) 9% per year with capitalization annually,

b) 6.8% per year with capitalization semi-annually,

c) 11% per year with capitalization monthly. 10. Determine the semi-annual effective interest rate, based on the nominal interest rate provided:

a) 11.3 per annum with monthly capitalization

b) 5% per annum with quarterly capitalization,

c) 7% per annum with semiannual capitalization,

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