Jawaban dari "A bank is offering to sell 6-month certificates of deposit for $9500. At the end of 6 months, the ba..."

Jika kamu lagi mencari jawaban mengenai soal A bank is offering to sell 6-month certificates of deposit for $9500. At the end of 6 months, the bank will pay $10,000 to the certificate owner. Based on a 6-month interest period, compute the nominal annual interest rate and the effective annual interest rate. anda berada di website yang benar. Kami ada 1 jawaban mengenai A bank is offering to sell 6-month certificates of deposit for $9500. At the end of 6 months, the bank will pay $10,000 to the certificate owner. Based on a 6-month interest period, compute the nominal annual interest rate and the effective annual interest rate.. Silakan lihat jawaban lebih lanjut di bawah ini:

Jawaban:

1. Nominal Interest rate. Interest accrued after 6 months is; = 10,000 - 9,500 = $500 Nominal Interest; 500 = 9,500 * x * 1/2 years 500 = 4,750x x = 10.53% 2.

Effective interest 9,500 * ( 1 + x )^0.5 years = 10,000 x = (10,000/9,500)^2 - 1 x = 10.80%