Homework Help for Mechanical Engineering

If the nominal interest is 12% compounded continuously, compute the effective annual rate if interest.

American Express Corp. charges 1.5% interest per month, compounded continuously on the unpaid balance purchases made on this credit card. Compute the effective rate of interest.

If the effective annual interest rate is 4%, compute the equivalent nominal annual interest compounded continuously

A man wishes to have P40,000 in a certain fund at the end of 8 years. How much should he invest in a fund that will pay 6% compounded continuously?

Find the time required for a sum of money to triple itself at 5% per annum compounded continuously.

Compute the effective annual interest rate which is equivalent to 5% nominal annual interest compounded continuously

How will it take a money to double itself if invested at 5% compounded annually?

What is the effective rate if it is compounded quarterly?

What is the equivalent rate if it is compounded quarterly?

A certain amount was deposited 5 years and 9 months ago at an interest of 8% compounded quarterly. If the sum now is P315,379.85, how much was the amount deposited?

How many years will P100,000 earn a compound interest of P50,000 if the interest rate is 9% compounded quarterly?

P200,000 was deposited for a period of 4 years and 6 months and bears on interest of P85649.25. What is the rate of interest if it is compounded quarterly?

If the nominal interest rate is 3%, how much is P5000 worth in 10 years in a continuously compounded account?

P500,000 was deposited at an interest of 6% compounded quarterly. Compute the compound interest after 4 years and 9 months

A man expects to receive P25,000 in 8 years. How much is that worth now considering interest at 8% compounded quarterly?