Nominal and effective interest rates

Convert 12.7% per annum to daily (correct to three significant figures)

0,0348%

Convert 3.6% p.a. to a fortnightly rate

0.138% (3d.p)

Convert 7.4% per annum to weekly (correct to three significant figures)

0.142%

Convert 6.2% per annum to fortnightly (correct to three significant figures)

0.238%

Convert 3.6% p.a to a monthly rate

0.3 %

Convert 3.6% p.a. to a quarterly rate

0.9%

Use your calculator to determine the effective annual interest rate(correct to two decimal places) for the nominal rate of 12.5% compounding quarterly

13.10%

Convert 8.3% per annum to quarterly (correct to three significant figures)

2.08%

Use your calculator to determine the effective annual interest rate(correct to two decimal places) for the nominal rate of 4.8% compounding weekly

4.91%

What is the effective interest rate for an investment of $5000 at annual interest rate of 4.8% when compounded monthly?

4.91%

Convert 1.45% quarterly interest rate to an annual interest rate

5.8%

Use your calculator to determine the effective annual interest rate(correct to two decimal places) for the nominal rate of 6.2% compounding monthly

6.38%

Convert 0.54% monthly interest rate to an annual interest rate

6.48%

Use your calculator to determine the effective annual interest rate(correct to two decimal places) for the nominal rate of 7.5% compounding every 6 months(half yearly)

7.64%

Use your calculator to determine the effective annual interest rate(correct to two decimal places) for the nominal rate of 8.4% per annum compounding daily

8.76%

6.13%

Calculate effective interest rate for an investment at 5.95% per annum compounding weekly , using the formula (as per image)

6.14 %

Calculate effective interest rate for an investment at 6% per annum compounding quarterly

4.594%

Use your calculator to calculate effective interest rate of 4.5% per annum, compounding monthly