What was the annual effective interest rate paid

Assignment Help Financial Management

Reference no: EM131600044

John borrowed $1000 and paid off the loan in 4.5 years with a single lump sum payment of $1500. Based on a 6-month interest period, what was the annual effective interest rate paid?

Reference no: EM131600044

Questions Cloud

Calculate the internal rate of return for each project : Calculate the internal rate of return (IRR) for each project. Calculate the net present value (NPV) for each project.

What is par or stated value per share of apple common stock : What is the par or stated value per share of Apple's common stock? What percentage of Apple's authorized common stock was issued at September 27, 2014

Reason-generate economic profits in the long run : A monopoly is able to continue to generate economic profits in the long run because potential competitors sometimes don't notice the profits.

How did the organizational culture at institution promote : How did the organizational culture at the institution promote or discourage unethical behaviors and whistle-blowing?

What was the annual effective interest rate paid : Based on a 6-month interest period, what was the annual effective interest rate paid?

Decision making styles in management : What are the different types of decision making styles in management?

Job search management plan : This assignment you will strategize on how to manage your job search.

According to the expectations theory : According to the expectations theory, if the 1-year rate is 2.5% and the 2-year rate is 3.64%, the expected 1-year rate would be?

Define south-western is a monopolist in the production : South-Western is a monopolist in the production of your textbook because the government has granted South-Western exclusive rights to produce this textbook.

User Account

All Pages