sspatel4667 sspatel4667

05-10-2022
Business

Answered

suppose united bank offers to lend you $10,000 for one year at a nominal annual rate of 8.00%, but you must make interest payments at the end of each quarter and then pay off the $10,000 principal amount at the end of the year. what is the effective annual rate on the loan? a.8.66% b.8.88% c.8.24% d.8.45% e.9.10%

Answer :

Other Questions

stack exchange the rate an insurance company charges its policy holders alternates between r1 and r0. a new policy holder is initially charged at a rate r1 per

Anthony has been investing 1000 at the end of each year for the past 15 years how much has accumulated assuming he had earned 10.5% compounded annually on his i

Orlando invested $16,000 in an eight-year cd bearing 6.5% simple annual interest, but needed to withdraw $3,500 after five years. if the cdâ€™s penalty for earl

the disposable income from your part-time job in 2019 was $12,000. in 2018, you borrowed $500 at 18 percent interest. you repaid your loan with interest in 2019

during the current year, merchandise is sold for $95,500 cash and $1,315,000 on account. the cost of the goods sold is $848,500. what is the amount of the gross

palepu company owns and operates a delivery van that originally cost $54,400. straight-line depreciation on the van has been recorded for three years, with a $4

investments paying simple interest have to pay significantly higher interest rates to earn the same amount of interest as an account earning compound interest.

on july 1 of year 1, riverside corporation (rc), a calendar-year taxpayer, acquired the assets of another business in a taxable acquisition. when the purchase p

reward-to-risk ratio. the royal seattle investment club has $100,000 to invest in the equity market. frasier advocates investing the funds in ksea radio with a

you are a shareholder in a corporation which has elected subchapter s tax treatment. the corporation announces a profit of $5 per share, of which it retains $3