Purchase Solution

effective annual rate

Not what you're looking for?

Ask Custom Question

What is the effective annual rate of 8.7 percent compounded semi-annually?
8.99 percent
9.67 percent
8.32 percent
10.27 percent
8.89 percent

Purchase this Solution

Solution Summary

effective annual rate

Solution Preview

Suppose that we have $100.

an 8.7% annual rate is equal to a 4.35% semi-annual ...

Purchase this Solution

Free BrainMass Quizzes
Income Streams

In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.

Employee Orientation

Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.

Writing Business Plans

This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.

Organizational Behavior (OB)

The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.

Learning Lean

This quiz will help you understand the basic concepts of Lean.