What is the effective annual interest rate

Assignment Help Accounting Basics

Reference no: EM13320490

1) A magazine offers a one-year subscription at a cost of 15 with renewal the following year 16.50. Also offered is a two-year subscription at a cost of 28. What is the effective annual interest rate that make two-year subscription equivalent to two successive one-year subscriptions?

2)Fisheries officials are stocking a barren lake with pike, whose number will increase annually at 40%. Fishing is prohibited the first 2 years and then 5000 pike can be removed in each of the 3rd and 4th years, so that the number remaining after the 4th year is the same as the original number stocked in the lake. Find the original number assuming that stocking takes place at the start of the year and removal takes place midyear.

Reference no: EM13320490

Questions Cloud

Identify the significant developments : Identify the significant developments that are occurring related to global integration and what implications does this have for the technology that an organisations might use in its supply network?

Journalize the entries to record : Journalize the entries to record the following selected bond investment transactions for Olson Products: a. Purchased for cash $72,000 of Hart Industries 8% bonds at 100 plus accrued interest of $960.

Determine the required diameter of the rod : A 4-m-long steel rod must not stretch more than 3 mm and the normal stress must not exceed 150 MPa when the rod is subjected to a 10- KN axial load.

Determine the corresponding normal stress in the wire : An 18-m-long steel wire of 5-mm diameter is to be used in the manufacture of a pretested concrete beam.It is observed that the wire stretches 45 mm when a tensile force P is applied.

What is the effective annual interest rate : A magazine offers a one-year subscription at a cost of 15 with renewal the following year 16.50. Also offered is a two-year subscription at a cost of 28.

Heather and terry have a mortgage on their primary residence : Heather & Terry have a mortgage on their primary residence of $750,000 and a mortgage on their vacation home of $410,000. In 2013, they incurred $46,400 of mortgage interest expense. How much, if any, of that interest is deductible on Schedule A?

Record the credit sale : Record the credit sale of 2,000 units from job no. 321 at a unit sales price of $5. Record in a separate entry the related cost of goods sold. Prepare general journal entries to the above statements ): General Journal Debit Credit a. b. c.

The model with particular attention paid : The variables in the model with particular attention paid to whether consumer spending will increase, job growth will occur, and wages will rise.

Adjusted trial balance to prepare wilson trucking : Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31, 2013.

User Account

All Pages