User Account

All Pages

How many weeks was anastasia loan for

Assignment Help Finance Basics
Reference no: EM131877364

Suppose Katy borrowed some amount of money for 44 weeks and Anastasia borrowed the same amount.

Katy's loan used the simple interest model with an annual rate of 4.7% while Anastasia's loan used the simple discount model with an annual discount of 8.2%. 

At the end of their respective terms, Katy's maturity value was $5250 while Anastasia's was $6020. 

How many weeks was Anastasia's loan for?

Round your answer to the nearest week.

Reference no: EM131877364

Questions Cloud

Identify the staffing needs for proposal : For a home and community based invervention family and social service program that deals with the reunificatio of families.
What effect would the tax cuts and jobs act : What effect would the Tax Cuts and Jobs Act have on the government's budget deficits in the coming year? What impact would the deficits have on interest rates?
Discuss about the group potency and collective efficacy : Develop power presentation of the 4 articles. Support your presentation with appropriate references. Use APA format throughout.
Simple discount rate equivalent to an annual simple : Find the annual simple discount rate equivalent to an annual simple interest rate of 3.9% over a term of 3 years.
How many weeks was anastasia loan for : At the end of their respective terms, Katy's maturity value was $5250 while Anastasia's was $6020.
What advice will you give to the assistant director : You have been hired as the assistant director of a company's Human Resource Department. The director calls you in and tells you that she is considering.
The process of clarifying the specifications for the problem : Final project about cashier system for beginners the code and a MS-Word document containing a first version of the first part complete report.
Simple interest model with an annual rate : Fred's loan used the simple discount model with an annual rate of 7.3% while Joanne's loan used the simple interest model with an annual rate of 2.9%.
Formula that we derived for use in simple discount loans : Recall the following formula that we derived for use in simple discount loans:

Reviews

Write a Review

Finance Basics Questions & Answers

  Emerging digital ethical issue

Question: Would bitcoin be considered an existing or emerging digital ethical issue?

  How does discounting as used in determining present value

how does discounting as used in determining present value relate to compounding as used in determining future value?

  Recognize and explain the business crisis situation and

organizations are susceptible to an array of crises. there are different types of threats with no one way to manage

  What would happen if expected inflation rose

The bonds mature in 8 years, have a face value of $1000, and a yield to maturity of 8.5%. What would happen if expected inflation rose by 3%, causing rd = 10%

  Define health maintenance organization plan

Explain the capital retention approach for determining the amount of 410 life insurance owned

  How would value of the bonds change if rate of return given

(Bondholders' expected rate of return) You purchased a bond for $1,100. The bond has a coupon rate of 8 percent, which is paid semiannually.

  What is the companys cost of equity capital

Halestorm Corporation's common stock has a beta of 1.23. Assume the risk-free rate is 4.8 percent and the expected return on the market is 12.3 percent.

  What activities are involved in accounting for the company

What activities are involved in accounting for the company’s financial resources?

  Should national foods produce the new candy

National Foods is considering producing a new candy, Nasty-As-Can-Be. National has spent two years and $450,000 developing this product.

  Ratio analysis for both wal-mart and sears

Conduct a ratio analysis for both Wal-Mart and for Sears (Sears Holdings) for the last three years. Amongst other ratios, be sure to include the DuPont Analysis

  What are some important news technology

What are some important news, technology, and market trends to pay attention to in the financial services industry, specifically regarding stock brokerage, stock trading, and venture capitalism?

  What is the 90-day forward rate

Assume that interest rate parity holds and that 90-day risk-free securities yield 5% in the United States and 5.3% in Britain. In the spot market, 1 pound = $2. a. Is the 90-day forward rate trading at a premium or a discount relative to the spot rat..

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