A bank pays interest quarterly with an EAR of 5.13%. What is the periodic interest rate applicable per quarter? a. 1.04% b. 1.50% c. 1.85% d. 1.26% e. 1.55%

A MAN MADE A LOAN OF PHP 60,000 PAYABLE IN 3 YEARS AT 8% COMPOUNDED QUARTERLY WHAT IS THE PERIODIC INTEREST RATE?A. 2% B.4% C. 1.33% D. 8%

Suppose that your bank account pays an 8% APR. The interest is compounded quarterly. Which of the following statements is correct?a.The periodic rate of interest is 2% and the effective annual rate is greater than 8%.b.The periodic rate of interest is 4% and the effective annual rate is less than 8%.c.The periodic rate of interest is 8% and the effective annual rate is greater than 8%.d.None of them.e.The periodic rate of interest is 2% and the effective annual rate is 4%.

How much was invested if the future value of the investment is $7,083.34 and the interest was at 4% compounded quarterly for a period of 3.5 years?

An amount of $23,260 is invested at 6% interest compounded quarterly. What is the effective interest rate ? Round off answer to the nearest hundredths of a percent. Do not include the % sign in the answer.

Which of the following statements is NOT correct?A term deposit with an interest rate   with a quarterly compounding  would A.would be accessible without penalty after 2 years. B.would generate larger amount of interest each quarter.C.pay the interests quarterly in the transaction account. D.would calculate the interests using the interest rate .