The effective annual opportunity cost of paying monthly

Reference no: EM13260109

Mooncorp Insurance has quoted you an annual premium to insure your car of $2400. You are offered a 15% discount if you pay the lump sum immediately. You can also pay the account by making 12 equal end of month payments of $200The effective annual opportunity cost of paying monthly as a percentage to two decimal places is? (Accu. rate to one basis point.)

Reference no: EM13260109

Questions Cloud

Achieve 95 percent of the time from holding common stocks. : Assume the arithmetic mean returns in these series are normally distributed. Calculate the range of return that an investor would have expected to achieve 95 percent of the time from holding common stocks.

National labor relations act : Which of the following is illegal under the national labor relations act (NLRA)? which of the following is not an unfair labor practice when committed by an employer.

What is the minimum number of total employees : What is the minimum number of total employees that must be covered on a daily basis to conform with the requirements set forth in the IRC?

What is the charge-to-mass ratio of this particle : A charged particle is injected at 143 m/s into a 0.0855-T uniform magnetic magnetic field perpendicularly to the field. What is the charge-to-mass ratio of this particle

The effective annual opportunity cost of paying monthly : Mooncorp Insurance has quoted you an annual premium to insure your car of $2400.

What is the cash price of the car : Under the terms of her finance agreement she is required to make payments of $210/month for 60 months. What is the cash price of the car? (Round your answer to the nearest cent.)

What is the percentage price change of these bonds : Bond J is a 3 percent coupon bond. Bond K is a 9 percent coupon bond. Both bonds have 13 years to maturity, make semiannual payments, and have a YTM of 6 percent.

Characteristics of customized research service : Two characteristics of customized research services that are frequently not found in syndicated research services are

Calculate the number of turns in the secondary : A transformer is to be used to provide power for a computer disk drive that needs 5.0 V (rms) instead of the 120 V (rms) from the wall outlet. Find the number of turns in the secondary

User Account

All Pages