User Account

All Pages

Estimate the apr

Assignment Help Finance Basics
Reference no: EM133000567

Chuong Ngo borrows 3600$ from a bank that advertises a 6% simple interest rate and repays the loan in four equal monthly payments. Estimate the APR. Round to the nearest tenth of a percent. Use the Approximate Annual Percentage a rate Formula.

Reference no: EM133000567

Questions Cloud

What the impairment journal would be : At 30 June 2021 the carrying amount of the cruise ships is $12,400,000 and the recoverable was later found to be $5,000,000, the impairment journal would be
How much would yield the lowest amount : How much would yield the lowest amount? One branch of Galssy Company earned an income of P560,000 before bonus and taxes for 2020.
Interest on the australian dollar loan : Biopharma-Australia can borrow fund in Australia with an interest rate of 11.25% to invest 1.54 million Chinese yuan (CNY) and expected return of CNY2.27 millio
What is the amount of the annual scholarship : Mike wants to donate $5,000,000 to establish a fund to provide an annual scholarship in perpetuity. The fund will earn an interest rate of 4.29% p.a. compounded
Estimate the apr : Estimate the APR. Round to the nearest tenth of a percent. Use the Approximate Annual Percentage a rate Formula.
What would be the total annual leave expense for cruiselines : 4 weeks to be payable when employees take annual leave. For the year ended 30 June 2021, what would be the total annual leave expense for CruiseLines?
What annual rate of return per year : 1. What annual rate of return per year allows you to triple your money in 15 years? Assume annual compounding.
Briefly explain the appropriate accounting treatment : Briefly explain the appropriate accounting treatment(s) for each scenario. Prepare the relevant journal entries and/or notes to the accounts for each scenario
What is the amortisation amount for the asset for the year : Cue All Ltd under takes a lot of research and testing for drugs. What is the amortisation amount for this asset for the year ended 30 June 2021?

Reviews

Write a Review

Finance Basics Questions & Answers

  What is weekly cost of cutting lawns

You have a ­savings account that pays a weekly interest rate of 0.20 percent (or $0.002 per dollar). What is your weekly cost of cutting lawns?

  How much is your pension worth today

How much is your pension worth today, if you deposited $10,000 annually for 15 years, if it earned 20%? What is it worth today, if the market rate is 5%?

  What is her holding period return for the year

One year later, when yields have fallen to 2%, she collects the annual coupon and sells the bond. What is her holding period return for the year?

  Calculate the required pre-tax earnings to cover debt

Calculate the required pre-tax earnings to cover debt and preferred stock obligations, before and after the recapitalization?

  What is the line of best fit through the following results

Ten experiments were done to find the effects of bonus rates paid to the sales team. What is the line of best fit through the following results? How good is the fit?

  Discuss empowerment and empowerment theory

Discuss Empowerment and Empowerment Theory, The Strengths Perspective, and Resiliency and why this focus is a vital concept in the Generalist Practice.

  Calculate cost of common equity financing using capm

The current rate for 10-year Treasury Bonds is 2.61%. Calculate cost of common equity financing using CAPM - SML formula.

  Determine the financial goals

I am a man trying to get muscular; help me to write about how I am going to get in shape to be muscular in the next 2-years by working on my arms, legs and stomach.

  Describe kinds of health and safety and security problems

What makes managing employee health and safety programs around the world so difficult?- Why have family-friendly and work-life balance programs become so important?

  Calculate the value of a bond that matures

Calculate the value of a bond that matures in 10 years and has a $1,000 par value. The annual coupon interest rate is 9 percent

  Which is an effective way to achieve such goal

Currently, the beta of a stock fund is 1.2. Suppose the fund manager wants to reduce the beta of this portfolio. Which is an effective way to achieve such goal?

  What is the call price of the bond

If East Coast calls the bonds in 7 years when the Treasury rate is 5.6 percent, what is the call price of the bond? What if it is 9.1 percent?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd