What is the effective interest rate

Assignment Help Accounting Basics
Reference no: EM132849719

Question - If you sign a discount note for $7,500 at a bank discount rate of 9% for 9 months, what is the effective interest rate (as a %)? Round to the nearest tenth percent.

Reference no: EM132849719

Questions Cloud

Discuss why found evidence more persuasive : Discuss why you found this evidence more persuasive. Does it match your personal experience? Do you just believe him because of the way he describes it?
Conduct a sensitivity analysis of the project NPV : Suppose the cash flows are prepetuities and the cost of capital is 10%. Conduct a sensitivity analysis of the project's NPV to variations in revenues
What should musicians health education sound like : What statistical test do use when analysing data from the social physique anxiety scale? What should musicians' health education sound like?
What similarities do see between racism and prejudice : What similarities do you see between racism and prejudice in South African society/culture and in American society/culture, both historically and currently?
What is the effective interest rate : Question - If you sign a discount note for $7,500 at a bank discount rate of 9% for 9 months, what is the effective interest rate (as a %)
Search And Seizure As It Applies To Digital Crime : Explain the intent and fundamental concepts of search and seizure law as it applies to digital crime.
What are the efficiency variances for direct labor : The standard costs are $1.50 per pound for ice cream & $8.00 per hour for labor. What are the efficiency variances for direct labor and direct materials
Discuss the affect that move will have on the organization : If your last name begins M-Z, you will be against this move. Discuss the affect that this move will have on the organization overall.
Cryptography is used to protect confidential data : Cryptography is used to protect confidential data in many areas.

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