User Account

All Pages

What is the effective annual rate of bank

Assignment Help Finance Basics
Reference no: EM132465569

  1. A bank offers 9.00% on savings accounts. What is the effective annual rate if interest is compounded daily? Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434))
  2. A bank offers 5.00% on savings accounts. What is the effective annual rate if interest is compounded continuously? Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434))
  3. Assume a bank offers an effective annual rate of 7.16%. If compounding is quarterly what is the APR? Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required.
  4. Will accept decimal format rounded to 6 decimal places (ex: 0.092434)) Assume a bank offers an effective annual rate of 5.48%. If compounding is monthly what is the APR. Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434))
  5. Derek borrows $266,680.00 to buy a house. He has a 30-year mortgage with a rate of 5.88%. The monthly mortgage payment is $________. Answer format: Currency: Round to: 2 decimal places.
  6. Suppose you deposit $1,127.00 into an account 4.00 years from today. Exactly 14.00 years from today the account is worth $1,525.00. What was the account's interest rate? Answer format: Percentage Round to: 3 decimal places (Example: 9.243%, % sign required. Will accept decimal format rounded to 5 decimal places (ex: 0.09243))

Reference no: EM132465569

Questions Cloud

How much money would you need to invest in b today : How much money would you need to invest in B today for it to be worth as much as Investment A 10 years from now?
Artefact cataloguing system for a computing history museum : Project - An artefact cataloguing system for a computing history museum - produce a product of sufficient complexity, but if you can use Java.
Compute the balances in subsidiary accounts at end of month : Compute the balances in the subsidiary accounts at the end of the month.What is the January 31 balance in the control account?
What is the value of currency swap for company a : The next cash flow exchange will occur one year from today. If the current USD/GBP spot rate XNUSD/GBP = 1.39, what is the value of currency swap for company
What is the effective annual rate of bank : A bank offers 9.00% on savings accounts. What is the effective annual rate if interest is compounded daily?
What kind of deal did the running back scamper off with : The contract called for $12 million immediately and a salary of $2.9 million in 2018, $8.3 million in 2019, $12 million in 2020, $8.8 million in 2021 and 2022,
What currency do have to pay the other swap party : Assume you have the long GBP position in a 2-Year at-market fixed-for-fixed USD/GBP currency swap. Payments occur at the end of each year.
Compute campbell profit margin on sales : Compute Campbell's profit margin on sales. (Round answer to 4 decimal places, e.g. 4.8726%.)
Create journal entry and a t-account : Create journal entry and a T-Account for$30,000 worth of supplies is purchased with cash. Wages due to employees that had been previously recorded as

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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