What effective interest rate per year will he end up paying

Assignment Help Accounting Basics
Reference no: EM133099509

Question - If Salibo borrows $100 from a payday loan operator and has to pay $125 at the end of 1 week, what effective interest rate per year will he end up paying if he were to keep the money for a year on the same terms?

Reference no: EM133099509

Questions Cloud

What is the current share price : The company will pay a dividend of $17 per share 10 years from today. If the required return on this stock is 12.5 percent, what is the current share price
Important areas of risk and opportunity for society : What are important areas of risk and opportunity for society and companies such as the role of technology in business and society, cybersecurity,
Business and society : Do your findings change the way you will support the company in the future? You are encouraged to share resources that introduce or illuminate the event.
What is the maximum amount she can contribute to the plan : Assuming that none of the catch-up elections are of any benefit to her this year, what is the maximum amount she can contribute to the plan
What effective interest rate per year will he end up paying : If Salibo borrows $100 from a payday loan operator and has to pay $125 at the end of 1 week, what effective interest rate per year will he end up paying
Creating a business compliance system : You're responsible for planning and creating a business compliance system to ensure the establishment's compliance with legal and licensing requirements.
Cultural differences in leadership : Assume that your manager (real or imagined) has asked you to prepare a business report on Cultural Differences in Leadership which will be shared at the next ex
What is market segmentation : What is market segmentation and what is its importance in strategy implementation? Give three reasons why it is important and explain its role in healthcare?
Define entrepreneurship : Define entrepreneurship, and cite your definition. Discuss the 3 phases of the process.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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