What is the nominal interest rate

Assignment Help Finance Basics
Reference no: EM133070739

After 10 years of semi-annual compounding, an $8000 investment in a GIC earns $3000 in interest. What is the nominal interest rate?

Reference no: EM133070739

Questions Cloud

What is monthly payment : Determine the following using the exercise 4 tab. You must use embedded excel formulas for this exercise.
Betting against beta strategy : For the next three questions, consider a market neutral hedge funds invested in the "Betting Against Beta" strategy. The strategy involves going long low beta s
Describe the different types of bankruptcy : Discuss federal bankruptcy law and procedure. List and describe the different types of bankruptcy. Describe how bankruptcy law has changed.
Explain the steps of developing and managing a budget : Question - Explain the steps of developing and managing a budget and explain how this is accessed by the team involved
What is the nominal interest rate : After 10 years of semi-annual compounding, an $8000 investment in a GIC earns $3000 in interest. What is the nominal interest rate?
Current political and administrative environments : Are state legislatures becoming more professionalized in current political and administrative environments?
Prefaced by langston hughes poem : The play is prefaced by a Langston Hughes poem. In what ways does the play illustrate the theme(s) of the poem?
What is the npv of the project : B. What is the NPV of the project? Answer in $ million, rounded up to two decimal places.
Prepare a Cash Budget for the quarter ending September : Cash Sales $75.000 Credit Sales $50.000 Receipts from Debtors $60.000 Wages paid $55.000. Prepare a Cash Budget for the quarter ending September

Reviews

Write a Review

Finance Basics Questions & Answers

  What is the market value of an investment

The interest rate will be 10% for one more year, but a year from now, it will fall to 5% and stay at 5% forever. What is the market value of an investment

  What is the value of the cash coverage ratio

A firm has sales of $3,600, costs of $2,800, interest paid of $100, and depreciation of $400. The tax rate is 34%. What is the value of the cash coverage ratio?

  What is the predicted increase in bank deposits

What is the predicted increase in bank deposits or the money supply if there is an initial increase in deposits of $56 million? Reserve requirements are 9.0% an

  What is the after tax cash flow in year 15

1) What is the after tax operating cash flow in years 11 through 14? 2) What is the after tax cash flow in year 15?

  As a financial analyst you are asked to advise a mnc about

Applying the Euro: Euro against U.S. dollar As a financial analyst, you are asked to advise a MNC about its one-year investment plan next year in Germany. Because the investment is denominated in euros, you are asked to forecast how the euro's value ..

  Earnings management

The company X has been in business for 100 years. For the last 3 years this company reported operating losses. Which set of financial statement users is most likely to be influenced by this earnings management?

  Calculate the project npv

The technique for calculating a bid price can be extended to many other types of problems. Answer the following questions using the same technique as setting a

  Interpret the portfolio manager announcement

You have an investment of R750,000 in the fund. How do you interpret the portfolio manager's announcement?

  Compute the book value of the machine

Prepare the journal entry to record depreciation entered by the company on December 31, 2011, assuming that Burke uses straight-line.

  How much more must you deposit today

How much more must you deposit today in order to have the same amount as your sister in 7 years?

  Find the present value of loan

Assume you are planning purchasing a new car. The dealer offers to loan you $20,000 in exchange for a payment of $5,000 at the end of each of the next 5-years.

  How much should it report as cash on the balance sheet

At December 31, 2013, Vega Vaccum Corporation has cash in bank of 104,000, restricted cash in a separate account of $19,000, and a bank overdraft at another bank of $500. How much should it report as cash on the balance sheet?

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