9Q1. A local bank offers an account that pays 8%, compounded quarterly, for any deposits of $10,000 or more that are left in the account for a period of 5 years. The effective annual rate of interest on this account is: A) 4.65%. B) 8.24%. C) 9.01%.
Q2. Which of the following is the most accurate statement about stated and effective annual interest rates? A) The stated rate adjusts for the frequency of compounding. B) So long as interest is compounded more than once a year, the stated annual rate will always be more than the effective rate. C) The stated annual interest rate is used to find the effective annual rate.
Q3. A major brokerage house is currently selling an investment product that offers an 8% rate of return, compounded monthly. Based on this information, it follows that this investment has: A) an effective annual rate of 8.00%. B) a periodic interest rate of 0.667%. C) a stated rate of 0.830%.
Q4. Use a stated rate of 9% compounded periodically to answer the following three questions. Select the choice that is the closest to the correct answer. The semi-annual effective rate is: A) 9.00%. B) 9.31%. C) 9.20%.
Q5. The quarterly effective rate is: A) 9.40%. B) 9.31%. C) 9.00%.
[此贴子已经被作者于2008-12-29 17:00:43编辑过] | 
发表于 2008-12-29 16:27
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