Questions from Business Mathematics

Q: For a nominal rate of 6.75%, determine the compounding

For a nominal rate of 6.75%, determine the compounding frequency if the periodic interest rate is: 1. 0.5625%. 2. 1.6875%.

Q: Determine the periodic interest rate for a nominal interest rate of 4

Determine the periodic interest rate for a nominal interest rate of 4.8% compounded: 1. semiannually. 2. quarterly. 3. monthly.

Q: What is the periodic rate of interest corresponding to: 1

What is the periodic rate of interest corresponding to: 1. 5.4% compounded quarterly? 2. 5.4% compounded monthly?

Q: Determine the periodic interest rate for a nominal interest rate of:

Determine the periodic interest rate for a nominal interest rate of: 1. 8% compounded semiannually. 2. 8% compounded monthly

Q: Calculate the nominal interest rate if the periodic rate is:

Calculate the nominal interest rate if the periodic rate is: 1. 3.6% per half-year. 2. 1.8% per quarter. 3. 0.6% per month.

Q: Determine the nominal rate of interest if the periodic rate is:

Determine the nominal rate of interest if the periodic rate is: 1. 1.5% per month. 2. 1.5% per quarter. 3. 1.5% per half-year.

Q: Tom sells mutual funds on a graduated commission structure. He receives

Tom sells mutual funds on a graduated commission structure. He receives 3.3% on the first $50,000 of sales in a month, 4.4% on the next $50,000, and 5.5% on all further sales. What are his gross earni...

Q: Determine the nominal interest rate if the periodic rate is:

Determine the nominal interest rate if the periodic rate is: 1. 1.25% per quarter. 2. 0.491 6 ¯ % per month.

Q: What is the nominal rate of interest if the periodic rate is

What is the nominal rate of interest if the periodic rate is: 1. 0.58 3 ¯ % per month? 2. 5.8% per year?

Q: Calculate the compounding frequency for a nominal rate of 6.6

Calculate the compounding frequency for a nominal rate of 6.6% if the periodic rate of interest is: 1. 1.65%. 2. 3.3%. 3. 0.55%.