What annual rate of interest did she pay

Assignment Help Financial Management

Reference no: EM13918362

Janice borrowed $3780 from her uncle for 37 weeks. She repaid her uncle $3914.49 at the end of the loan. If Janice agreed to pay simple interest for this loan, what annual rate of interest did she pay? (Use 52 weeks for 1 year.)

Reference no: EM13918362

Questions Cloud

The stock is expected to pay dividend : The stock is expected to pay dividend of $3.0 and currently is selling at $30. What is its expected dividend yield? If the dividend is expected to grow at constant rate of 5%, what is its total return?

What is the stocks intrinsic value : What is the stock’s intrinsic value if g= 20% for 3 years before achieving long-term growth of 5%. Its required rate of return is 10%. Last dividend was $2. What is its terminal price?

Costs are variable costs : What and how much of your costs are variable costs? List your manufacturing and non-manufacturing variable cost items and present each of them in cost per T-shirt basis.

Costs in a system inventory : Identify what the sources of costs might be. Actual costings are not part of this exercise. Always be on the lookout for the hidden costs that can turn an apparent saving into an actual loss.

What annual rate of interest did she pay : Janice borrowed $3780 from her uncle for 37 weeks. She repaid her uncle $3914.49 at the end of the loan. If Janice agreed to pay simple interest for this loan, what annual rate of interest did she pay? (Use 52 weeks for 1 year.)

Credit card for one billing period : The activity on Daniel's credit card for one billing period is shown below. The billing period is May 1 through May 31, and the unpaid balance on May 1 was $153.75. Daniel's card has an APR of 17%. Find the average daily balance

What is the best estimate of the current stock price : The Ramirez Company’s last dividend was $1.75. Its dividend growth rate is expected to be constant at 25% for 2 years, after which dividends are expected to grow at a rate of 6% forever. Its required return (rs) is 12%. What is the best estimate of t..

What rate of return should investors expect on fund : Assume that you are the portfolio manager of the SF Fund, a $3 million hedge fund that contains the following stocks. The required rate of return on the market is 11.00% and the risk-free rate is 5.00%. What rate of return should investors expect (an..

Constant growth rate-what is the current stock price : A stock just paid a dividend of D0 = $1.50. The required rate of return is rs = 10.1%, and the constant growth rate is g = 4.0%. What is the current stock price?

User Account

All Pages