How much additional interest could compounded the rate

Assignment Help Finance Basics
Reference no: EM131795663

Question: You are going to loan a friend $6,000 for one year at an interest rate of 4.5 percent, compounded annually. How much additional interest could you have earned if you had compounded the rate continuously rather than annually? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131795663

Questions Cloud

Prepare a statement of cash flows on the direct method : Prepare an Income Statement. After you are completed, a corrected Income Statement should be completed by your spreadsheet automatically with only a change
Problem on the dumb beta strategy and sharpe ratio : Two mutual funds, fund A has a beta of 1.5, fund B has a beta of 0.5, unchanged regardless of market condition. Assuming expected returns follow the CAPM model.
Temperature and pressure contain equal number of grams : Equal volumes of the same gas at the same temperature and pressure contain equal number of grams.
What volume of carbon dioxide gas : What volume of carbon dioxide gas is produced when 388 mL of acetylene gas undergoes complete combustion? Assume all reactant and product volumes
How much additional interest could compounded the rate : You are going to loan a friend $6,000 for one year at an interest rate of 4.5 percent, compounded annually. How much additional interest could you have earned.
Calculate the radius of a vanadium atom : Calculate the radius of a vanadium atom, given that V has a BCC crystal structure, a density of 5.96 g/cm3, and anatomic weight of 50.9 g/mol.
Calculate the atomic radius of iridium : Calculate the atomic radius of iridium., given that Ir has an FFC crystal structure, a density of 22g/cm3 and atomic weight of 192.2 g/mol.
Problem of middlefield motors related to price of bond : Middlefield Motors has issued a bond that has a face value of $1000, pays annual coupons, and just made a coupon payment.
Dissociation equations to communicate : Complete the following dissociation equations to communicate what occurs when the following substances are adde to water

Reviews

Write a Review

Finance Basics Questions & Answers

  Work center consist of four jobs that just arrived the

work center has four jobs that just arrived the start of day 1 to be processed as shown in the following table. assume

  What does gerzema argue that consumers

What does Gerzema argue that consumers are doing?  2. What happened to savings in the United States? How did consumers contribute to this change? 3. What does Gerzema argue that the consumer needs to do to lead the economy in a positive direction?

  Fooling company has a 138 percent callable bond

fooling company has a 13.8 percent callable bond outstanding on the market with 25 years to maturity call protection

  Operations into computer-based lacrosse games

Operations into computer-based lacrosse games

  What is the after-tax cost of capital

The firm is financed with $120,000,000 of common shares (market value), $45,000,000 of preferred stock, and $80,000,000 of debt. What is the after-tax cost of capital for Droz's, if it is subject to a 35 % marginal tax rate?

  Appropriate after-tax borrowing rate

what would the present value of this asset's tax shelter be if the appropriate after-tax borrowing rate is 9 percent, the CCA rate is 20 percent

  Determine the amounts of any cash inflows or outflows

The following account balances relate to the stockholders' equity accounts of Gore Corporation at the year end.

  The standard deviation of changes in spot prices is 2 and

the correlation between changes in price of a spot asset and futures asset is 90. the standard deviation of changes

  Fmv tax adjusted basis appreciation

Robert and Sylvia propose to have their corporation, Wolverine Universal (WU), acquire another corporation, EMU, Inc., in a stock-for-stock Type B acquisition. The sole shareholder of EMU, Edie Eagle, will receive $400,000 of WU voting stock in the t..

  Ernies mufflers has current liabilities of 45 million cash

ernies mufflers has current liabilities of 45 million. cash makes up 5 percent of the current assets and accounts

  How much should blaymount spend on advertising

For the past 11 productions their spending on advertising (in hundreds of pounds) and total audience are shown in the following table. If the hall capacity is now 300 people, how much should Blaymount spend on advertising?

  What is the nominal interest rate

If in five years you sell 200 bags of cat chow, what would be your revenue in real terms? What is the nominal interest rate? what is the present value of this revenue?

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!

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