What is the effective annual interest rate and quaterly rate

Reference no: EM13307852

a store charges 1.25 % interest per month in credit purchases. This is equivalent to: what nominal annual interest rate, effective annual interest rate, and effective monthly interest rate?

A nominal interest rate of 12% compounded quaterly is equivalent to what effective annual interest rate, and effective quaterly rate?

Reference no: EM13307852

Questions Cloud

What fraction of the heat leaving the burned gases : An ideally efficient airplane engine provides work as heat flows from 1400 K burned gases to 260 K air

How many days would need to use the equipment each year : How many days would they need to use the equipment each year to justify purchasing the equipment? To purchase equipmet/ Buy at $60,000, Operation and maintanence is $120/day, life is 5 yrs and salvage value is $5000.

Significant with respect to strategy implementation : Discuss, in a two-page APA formatted paper, how the product positioning is aligned with McDonald's corporate strategy. Identify potential gaps in the product line or weaknesses in positioning. Describe the relevance of the EPS/EBIT chart and why it i..

Compute the mass of the charged particle : a charged particle (q=1.6*10^-19C) enters a mass spectrometer with a speed of 2.5*10^6m/s, compute the mass of the charged particle

What is the effective annual interest rate and quaterly rate : a store charges 1.25 % interest per month in credit purchases. This is equivalent to: what nominal annual interest rate, effective annual interest rate, and effective monthly interest rate

Compute the equilibrium temperature of the system : A blacksmith drops a 500 g iron horseshoe into a bucket containing 25 kg of water. what is the equilibrium temperature of the system

What are the adjusted elevations for benchmarks b-c and d : differential leveling between benchmarks A,B,C,D, and A gives elevation differences(m) of -15.632, 32.458, 38.214, and -55.025, and distances(km) of 4,6,5, and 3 respectively.

Find the size of the net force that positivecharge will feel : In the notes I stated that a moving charge will have an electric field. This electric field will produce a magnetic field that is out of phase with the electric field. What is the size of the net force that the positive charge will feel

Identify the limitations of the research proposal : What implications and limitations are being made regarding the proposed sample and how it represents the proposed population? • What implications are you making regarding the instrument's validity and its ability to measure the desired variables? • W..

User Account

All Pages