What is the effective rate of interest

Assignment Help Basic Statistics
Reference no: EM132125070

A pawnshop will lend $4,750 for 45 days at a cost of $35 interest.

What is the effective rate of interest? (Use a 360-day year. Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)

Reference no: EM132125070

Questions Cloud

How much net working capital does the firm need to fund : Elle Mae Industries has a cash balance of $59,000, accounts payable of $195,000; inventory of $235,000;
Why would marketing managers desire globalized market : Why would marketing managers desire a "globalized" market? What are the advantages and disadvantages?
Write a brief paragraph about your thoughts : After learning about DeCasper's The Cat and the Hat study, what do you think the findings suggest? Write a brief paragraph about your thoughts.
Million in operating profit : Assume a firm has $45 million in operating profit. The firm's tax rate is 40%. What is the tax shield of the firm's $38 million in debt that charges a 10%.
What is the effective rate of interest : A pawnshop will lend $4,750 for 45 days at a cost of $35 interest.
Discuss servant leadership is a better model of leadership : ASSIGNMENT - Argumentative Essay - Servant Leadership is a better model of leadership. Discuss. Explains how the essay will be organised (order of points)
What will be the effect on cash flows of sale : If your company's marginal tax rate is 35%, what will be the effect on cash flows of this sale (i.e., what will be the after-tax cash flow of this sale)?
How you would address any mental health use issues : PCN610 A description of how you would address any mental health, medical, legal, and substance use issues that the client exhibits in the case study through.
Philosophy-rationale for integrated marketing communication : How can competitive advertising levels affect an advertiser’s timing strategy? explain the philosophy and rationale for using integrated marketing communication

Reviews

Write a Review

Basic Statistics Questions & Answers

  Display locations mean sales are not equal

Is it possible to be 99% certain that the display locations' mean sales are not equal? Conduct the appropriate follow-up analysis (Use = 0:01) to establish which means are significantly different. List all necessary assumptions and indicate which ..

  To determine the health benefits of walking researchers

to determine the health benefits of walking researchers conduct a study in which they compare the cholesterol levels of

  What is the mean and variance of the distribution

he probability that a pumpkin seed will germinate is 70%. A gardener plants the pumpkins in batches of 12. What is the mean of the distribution? What is the variance of the distribution?

  Describing a two-way anova model

Give the degrees of freedom for the F statistic that is used to test for interaction in this analysis and the entries from Table E that correspond.

  Linear multiple regression analysis

Suppose a dataset has one dependent variable and five predictors ,three numeric and two categorical having 3 and 5 categories respectively. Given this how many independent variables will be needed to run a linear multiple regression analysis on th..

  The data in the table represent daily ammonia

three-way catalytic converters have been installed in new vehicles in order to reduce pollutants from motor vehicle

  Estimate the median value of sales

Why do you suppose median value and volume have been used instead of the mean?

  Why mean incomes are higher than median incomes

Explain carefully why mean incomes are higher than median incomes and why family incomes are higher than household incomes

  Average world stock fund

Assume these data constitute a random sample of such funds, and use them to test the claim that the average world stock fund made more than 25% for its investors during this period.

  Conduct the same two-tail hypothesis test

Fast ‘n Clean operates 12 laundromats on the east side of the city. All of Fast ‘n Clean's clothes dryers have a label stating "20 minutes for $1.00." Conduct the same two-tail hypothesis test, but this time use the confidence interval app..

  Two-sided confidence interval estimate

1) A company manufactures batteries for watches. A random sample of 144 batteries is taken and the sample mean life is 5.5 years with a standard deviation of 0.6 years. If you were constructing a 99% two-sided confidence interval estimate, the low..

  Find the probability that a puck made by given process

A regulation hockey puck must weigh between 5.5 and 6 ounces. The weights X of pucks made by a particular process are normally distributed with mean 5.75 ounces

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