What is the interest rate

Assignment Help Accounting Basics
Reference no: EM132639909

Question - A $10,000 car loan has payments of $361.52 per month for three years. What is the interest rate? Assume monthly compounding and give the answer in terms of an annual rate.

Reference no: EM132639909

Questions Cloud

Discuss the nature dynamic for gender and sex : Discuss the "nature / nurture" dynamic for gender and sex. Cite evidence from Readings, Lectures and Films. 300 words. The response must be typed.
Address the issue of unemployment : Describe how Keynesian and classical economists address the issue of unemployment. And describes new developments since the 1980s.
What is the main accounting policy issue : What is the main accounting policy issue(s) that need to be resolved in relation to the alleged underpayment of wages? (Approximately 15 - 50 words)
How inequality and corruption affect the economy : How does crime,poverty, income inequality and corruption affect the economy?
What is the interest rate : Question - A $10,000 car loan has payments of $361.52 per month for three years. What is the interest rate
Distinguish the components of gdp : What are the criteria to distinguish the 4 components of GDP?
How much they have to save each year to reach their goal : They saved the same amount each year on your birthday and earned 10.0% per year on their investments. How much they have to save each year to reach their goal
What is the break-even point for each proposal : If the expected volume is $8,300 units, which alternative should be chosen?The variable cost for A is $10 and for B,$14,the revenue generated by each unit
What are the common side effects : Consider one of your clients who is currently taking a psychotropic medication (or more than one). If you do not already know, find out what the medication is.

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