An interest rate of 10% p.a. compounded weekly over 4 years is equal to what simple interest

Fantastic news! We've Found the answer you've been seeking!

Question:

An interest rate of 10% p.a. compounded weekly over 4 years is equal to what simple interest rate per annum over 4 years?

A: 10.51%

B: 2.63%

C: 10.00%

D: 12.28%

E: 11.60%

Related Book For answer-question

Auditing and Assurance services an integrated approach

ISBN: 978-0132575959

14th Edition

Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley

See More Books

Posted Date: Jan 24, 2021 08:19 PM

See More Questions

Frank Dorrance, a senior audit manager for Bright and Lorren, CPAs, has recently been informed that the firm plans to promote him to partner within the next year or two if he continues to perform at...
Prior to liquidating their partnership, Dickens and Thomas had capital accounts of $55,000 and $45,000, respectively. Prior to liquidation, the partnership had no cash assets other than what was...
Thomas Owan is a division manager of Weat-farl Inc. He is in the process of evaluating a $ 4,000,000 investment. The following net annual increases, before depreciation, in divisional income are...
Erin Danielle Company purchased equipment and incurred the following costs. What amount should be recorded as the cost of the equipment? (a) $24,000. (c) $25,400. (b) $25,200. (d) $25,800. Cash price...
Randolph and Tammy own a second home. They spent 45 days there and rented it for 88 days at $150 per day during the year. The total costs relating to the home include the following: Mortgage...
Retail Inventory Method Presented below is information related to Waveland Inc. Assuming that Waveland Inc. uses the conventional retail inventory method; compute the cost of its ending inventory at...
I spent time with you. It seems that this deed is out of character for you. You were not awarded your normal annual bonus. I would probably feel the same. Is that what happened? You normally wouldnt...
Gershwin Corporation obtained a franchise from Sonic Hedgehog Inc. for a cash payment of $120,000 on April 1, 2010. The franchise grants Gershwin the right to sell certain products and services for a...
SQL is a pervasive querying language. While there is one primary SQL dialect that all SQL RDBMS implementations must support, and that's ANSI SQL, each database platform comes out with its own...
Consider the following information regarding corporate bonds: Rating AAA AA A BBB BB B CCC Average Default Rate 0.0% 0.1% 0.2% 0.45% 2.2% 5.5% 12.2% Recession Default Rate 0.0% 1.0% 3.0% 3.0% 8.0%...
ABC Corp manufactures several lines of skiing equipment. Its Canada plant makes a single model, the GENOCIDE-25 ski. The following data are available for 2013: Sales is 38,000 units at P 70 per unit;...
How can strategic groups be used to determine market competitors?
How can driving forces be used to envision the future?
What can be done to use SWOT analysis more effectively?
Why does members degree of control often correlate closely with their degree of equity in an alliance?
How can the use of NPV and IRR together help leaders make better capital allocation decisions?
Liam works for a coffee shop, recording its routine, day-to-day business transactions. His main responsibilities are obtaining and recording the information the shop needs to analyze its financial...
Whats the difference between an ordinary annuity and an annuity due? What type of annuity is shown below? How would you change the time line to show the other type of annuity?
Multiple Choice Questions The following questions concern audit documentation. Choose the best response. a. Which of the following is not a primary purpose of audit documentation? (1) To coordinate...
Describe the nature of the following documents and records and explain their use in the sales and collection cycle: bill of lading, sales invoice, credit memo, remittance advice, monthly statement to...
BestSellers.com sells fiction and nonfiction books to customers through the company's Web site. Customers place orders for books via the Web site by providing their name, address, credit card number,...
At a point $P$ in a body, Cartesian stress components are given by $\sigma_{x x}=80 \mathrm{MPa}, \sigma_{y y}=-40$ $\mathrm{MPa}, \sigma_{z z}=-40 \mathrm{MPa}$, and \(\tau_{x y}=\tau_{y...
Find the principal stresses and the orientation of the principal axes of stresses for the following cases of plane stress. a. \(\sigma_{x x}=40 \mathrm{MPa}, \sigma_{y y}=0 \mathrm{MPa}, \tau_{x...
Determine the principal stresses and their associated directions, when the stress matrix at a point is given by 11 1 [6]=112 MPa. [121]

An interest rate of 10% p.a. compounded weekly over 4 years is equal to what simple interest

Question:

Expert Answer:

Interest rate 10 pa compounded weekly 1052 0192308 per week ... View the full answer

Auditing and Assurance services an integrated approach

Students also viewed these accounting questions