What would be the apr if the card compounds every quarter

Assignment Help Cost Accounting
Reference no: EM132573694

You are looking for credit cards. You never want to pay more than 12.5% effective rate per year. The card company offers two variations

Question 1: What would be the APR (Nominal rate per year) if the card compounds every quarter?

Question 2: What would be the APR (Nominal rate per year) if the card compounds monthly? Show all work.

Reference no: EM132573694

Questions Cloud

Different types of business formations : There are many different types of business formations. However, not all types of formations are good for small businesses.
Compute the budgeted indirect-cost rate : What are the job costs of the Laguna Model and the Mission Model using (a) normal costing and (b) actual costing? Compute the budgeted indirect-cost rate
Limited partner in limited partnership : Charlie has been hired as a consultant for the limited partnership. To get the loan to finance the business, Charlie executed a personal guarantee on the loan.
How much will the last payment be : Build the amortization table. What month will you make your last payment? How much will the last payment be?You are financing a new home. The loan is for $173.
What would be the apr if the card compounds every quarter : What would be the APR (Nominal rate per year) if the card compounds monthly? What would be the APR if the card compounds every quarter?
QSO 489 Capstone in Operations Management Assignment : QSO 489 Capstone in Operations Management Assignment Help and Solution, Southern New Hampshire University - Assessment Writing Service
What is the effective interst rate per year : What would you owe if you kept the money for 1 year? What is the effective interst rate per year? You need a quick loan and decide to use local "payday" loan
Recruiting to fill an opening for housekeeping staff : What labor markets should be considered when recruiting to fill an opening for a housekeeping staff at a local hospital?
Evaluate the cost composition of any one organization : Critically evaluate the cost composition of any one organizations and prepare comprehensive report catering the activities before and during the pandemic?

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost accounting assignment

Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.

  Prepare the journal entries

Prepare the journal entries to record the bond issue and interest expense.

  Advise as to the liability of all the parties

Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.

  Prepare revenues budget

Prepare Revenues budget and Production budget in units

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  Corporate governance

You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.

  Cost-benefit analysis

A cost-benefit analysis of electronic medical records in primary care

  Non-annual interest rates and annuities

Theory of Interest- Non-annual interest rates and annuities

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  Accounting for bad debt expense

Accounting for bad debt expense

  Accounting and partnership problems

Accounting and Partnership problems

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

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