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What is the effective annual rate (EAR) if the annual percentage rate (APR) is 5 and compounding is quarterly?
The effective annual rate (EAR) is 5.09 when the annual percentage rate (APR) is 5 and compounding is done quarterly.
What are payments over a period of time called?
installments
What does semi annual payments mean?
Semi annual payment means payment done every half year or twice a year.
Why do you deposit?
to buy something or relief installments or save money...
How Many Times A Year Are Dividends Paid?
four quarterly installments
A man has a loan which he promised to pay in 18 equal monthly installments of P600. What are monthly installments for 8 months 10 months 12 months and 15 months?
The question can be answered only for the loan with zero interest. The loan is then 10,800 (18 x 600) that could also be paid by 1350 a month for 8 months 1080 a month for 10 months 900 a month for 12 months 720 a month for 15 months In the case the loan is not interest free the problem cannot be solved, since there are two unknown variables: a principal amount (an amount borrowed) and an annual interest rate and only one equation. For instance if you borrow 10,000 with 10% annual interest rate, the loan will be paid off in 18 monthly installments of 600, which corresponds to the question. For the same principal (10,000) and annual interest rate (10%) the loan would have been paid off in: 8 month installments of 1297; 10 month installments of 1046; 12 month installments of 879; 15 month installments of 712. But you can still have the loan with other pairs of principal and interest rate with 18 monthly installments of 600. There is a suitable Excel formula PMT too. Monthly installments can be calculated by formula: Monthly installment = Principal x {rate + (rate / [(1+rate)months - 1]} where rate = (annual rate / 12), i.e. 10% => 0,1/12
What does the name emi mean?
Equated Monthly Installments: Hire, purchase, lease, or loan-repayment installments that are constant in amount, and are usually collected in advance as post-dated checks.
If a company has 5 employees with annual salaries of 30000 50000 30000 80000 and 70000 respectively what is the mean annual salary at the company?
answer is 52,000
How do you spell installments?
installments is the correct spelling.
What does the word installments mean?
One part of a total amount of money that is owed.
If a company has five employees with annual salaries of 40000 90000 40000 30000 and 80000 respectively what is the mean annual salary at the company?
mean = (sum of data items)/(number of data items) = (40,000 + 90,000 + 40,000 + 30,000 + 80,000)/5 = 280,000/5 = 56,000
What is mean annual temperature?
It is the average annual temperature for a place.
How many installments was The Pickwick Papers published in?
"The Pickwick Papers" was published in 20 monthly installments.
What is the synonyms for annual?
Yearly or anniversary. Those words mean annual.
Can you use installments in a sentence?
This amazing product can be yours for just pennies a day in 99 easy installments...
How do you solve this excel exercise?
here is the exercise: A bank makes an announcement for an HP Compaq notebook with the following offer: Repayment in 36 monthly installments of USD 57 or Repayment in 24 monthly installments of USD 82. What is Cash Value of this Notebook? (PV) I need to use functions to get the annual rate and the present value, functions such as (=rate ; =pmt ; etc,...)
What is the effective annual rate (EAR) if the annual percentage rate (APR) is 5 and compounding is quarterly?
The effective annual rate (EAR) is 5.09 when the annual percentage rate (APR) is 5 and compounding is done quarterly.
