User Account

All Pages

What is the actual interest rate for this loan

Assignment Help Accounting Basics
Reference no: EM133118991

Question - Your cousin is due a tax refund of $400 in six weeks. His tax preparer has an arrangement with a bank to get him the $400 now. The bank charges an administrative fee of $29 plus interest at 6.5%. What is the actual interest rate for this loan?

Reference no: EM133118991

Questions Cloud

Foreign exchange transactions : Consider a U.S. MNC with three subsidiaries and the following foreign exchange transactions shown at left. Use BILATERAL netting to reduce the number of foreign
About two specific social conditions : Requesting assistance with developing an document about two specific social conditions or determinants and then reviewing any legal and ethical precedents
What is the theoretical forward price : A one-year long forward contract on crude oil is entered into when the spot price is $60/bbl. and the risk-free rate of interest is 2.00% per annum with contin
Fair value three-year forward price : The spot price of an investment asset that provides no income is $50 and the risk-free rate for all maturities (with continuous compounding) is 4%.
What is the actual interest rate for this loan : Your cousin is due a tax refund of $400 in six weeks. The bank charges an administrative fee of $29 plus interest at 6.5%. What is the actual interest rate
One-year continuously compounded zero rate : The six-month zero rate is 6% per annum with semiannual compounding. The price of a one-year bond that provides a coupon of 4% per annum semiannually is 96.
What is the six-month zero rate : The cash prices of six-month and one-year Treasury bills are 97.0 and 94.0, respectively. A 1.5-year bond that will pay coupons of $4 every six months currently
Determine the amount of gain arising from the equity swap : Use 4-decimal PVF; use separator, no space, round off final answer to whole number). Determine the amount of gain arising from the equity swap
Six phases of big data analytics : Provide a brief description of the six phases of the Big Data Analytics? Explain which ones are addressing the data visualization tools or steps?

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

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