Question: Solve for the following problems the text entry box or you may embed an image of your solution. Show your complete solution, you may type
Solve for the following problems the text entry box or you may embed an image of your solution. Show your complete solution, you may type your solution Follow Given, Required, Solution - Format 1. Find the nominal interest rate, effective interest rate, and rate per compounding period given the following interest rates: a. 12% compounded semi-annually b.4% compounded quarterly c. 18% compounded monthly d. 26% compounded weekly 2. What nominal interest rate is paid if compounding is annual and a. Payments of 4,500 per year for six years will repay an original loan of $17,000? b. Annual deposits of P1,000 will result in 125,000 at the end of 10 years? 3. A five-seven loan company offers money at 1% interest per week compounded weekly. What is the effective annual interest rate? What is the nominal interest rate? (Use 52 weeks = 1 year) 4. Jay borrowed P10,000 and was able to sign a promissory note that he would pay P20,327.90 after 4 years. How much is the nominal rate of interest and the corresponding effective rate if money is compounded bi-monthly 5. Compare accumulated amounts after years 11.000 invested at the rate of 10% per year compounded: (a) annually. (b) semi-annually. Id quarterly, and (d) monthly
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