stephaniealogan Posts: 1, Reputation: 1 New Member #1 Feb 19, 2010, 07:09 PM
Compare effective interest rate to compound rate
Compare effective interest rate to compound rate, with example of compound rate
 morgaine300 Posts: 6,561, Reputation: 276 Uber Member #2 Feb 20, 2010, 11:53 PM

Sounds like homework, so please see our guidelines for posting such:

You should have been given an equation for this.

 Question Tools Search this Question Search this Question: Advanced Search

## Check out some similar questions!

Effective Interest Rate [ 4 Answers ]

Investor pay \$950 for a 5-yr, \$1000 bond paying 9%. Is interest per year off 950 or 1000?:eek:

Bonds effective interest rate [ 1 Answers ]

Assume Suzanne Weiser pays \$1,040 for a five-year, \$1,000 bond paying 8 percent interest. Is the effective (Market) interest rate less than, equal to, or greater than 8 percent? How can you determine this.

Effective interest rate [ 1 Answers ]

Hello, I have a mortgage of \$500,000 with a monthly payment of \$2908.02 at interest rate of 5%, amortized over life of mortgage which is 25 years. The effective monthly rate is then 0.4124%. We also incur \$50,000 in transaction costs that is paid as a lump sum when the mortgage originates. On...