his Q Rate per period Ros! Periods 6.00% 6.50% 7.00%. 75096 8.00% 850% 9.00% 9.5

Question

his Q Rate per period Ros! Periods 6.00% 6.50% 7.00%. 75096 8.00% 850% 9.00% 9.50% 10.00% 11.00% 12.00% 1.06000 1.06s00 1.07000 1.07500 1.08000 1.08500 1.09000 109500 1.10000 1.11000 1.12000 1.12360 1.13423 1.14490 1.15563 1.16640 1.17723 1.18810 1.19903 1.21000 1.23210 1.25440 The 3 1.19102 120795 1.22504 1.24230 1.25971 127729 1.29503 1.31293 1.33100 1.36763 1.40493 1.26248 1.28647 131080 1.33547 136049 13886 141158 143766 146410 151807 1.57352 1.26248 1.28647 1.31080 1.33547 1.36049 1.38586 1.41158 1.43766 1.46410 151807 1.57352 1.33823 1.37009 1.4025S 1.43563 1.46933 1.50366 1.53862 157424 161051 168506 1.76234 6 141852 1.45914 1.50073 1.54330 1.58687 1.63147 1.67710 1.2379 1.77156 1.87041 1.97382 7 1.50363 1.55399 1.60578 1.65905 1.71382 1.77014 1.82804 1.88755 1.94872 2.07616 2.210608 8 1.59385 1.65500 1.71819 1.78348 1.85093 192060 199253 2.06687 2.14359 2.30454 2.47596 1.68948 1.76257 1.83846 1.91724 1.99900 2.08386 17189 2.26322 2.35795 2.55804 2.77308 10 1.79085 1.87714 1.96715 2.06103 2.15892 2.26098 2.36736 2.47823 2.59374 2.83942 3.1058s 11 189830 1.99915 2.10485 2.21561 2.33164 2.45317 2.58043 2.71366 2.85312 3.15176 3.47855 12 2.01220 2.12910 225219 2.38178 2.51817 2.66169 2.81266 2.97146 3.13843 3.49845 3.89598 2.13293 2.26749 2.40985 2.56041 2.71962 2.88793 3.06580 3.25375 3.45227 3.88328 4.36349 14 2.26090 2.41487 2.57853 2.75244 2.93719 3.13340 3.34173 3.56285 3.79750 4.31044 4.88711 2.39656 2.57184 2.75903 2.95888 3.17217 3.39974 3.64248 3.90132 4.17725 4.78459 5.47357 16 2.54035 2.73901 2.95216 3.18079 3.42594 3.68872 3.97031 4.27195 4.59497 5.31089 6.13039 17 2.69277 2.91705 3.15882 3.41935 3.70002 4.00226 4.32763 4.67778 5.05447 5.89509 686604 18 2.85434 3.10665 3.37993 3.67580 3.99602 4.34245 4.71712 5.12217 5.55992 6.54355 7.68997 02560 3.30859 3.61653 3.95149 4.31570 4.71156 5.14166 5.60878 6.11591 7.26334 8.61276 20 3.20714 3.52365 3.86968 4.24785 4.66096 5.11205 5.60441 6.14161 6.72750 8.06231 9.64629 .39956 3.75268 4.14056 4.56644 5.03383 5.54657 6.10881 6.72507 7.40025 8.94917 10.80385 60354 3.99661 4.43040 4.90892 5.43654 6.01803 6.65860 7.36395 8.14027 9 93357 12.10031 81975 4.25639 4.74053 5.27709 587146 6.52956 7.25787 8.06352 8.95430 11.02627 13.55235 24 4.04893 4.53305 5.07237 5.67287 634118 708457 791108 882956 9.84973 12.23916 15.17863 29187 4.82770 5.42743 6.09834 6.84848 768676 8.62308 9.6836 10.83471 13.58546 17.00006 54938 5.14150 5.80735 6.55572 7.39635 8.34014 9.39916 10.58686 11.91818 15.07986 19.04007

Explanation / Answer

Effective Interest rate = ( 1 + i / n ) ^n -1 = ( 1+0.1/4)^4 -1 = 10.38 %

where

i= annual interest rate

n = number of compoundig period per year = 4

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