Identify the following interest rate statements as either nominal or effective: (a) 1.5% per month, compounded daily;
Question:
(a) 1.5% per month, compounded daily;
(b) 17% per year, compounded quarterly;
(c) Effective 15% per year, compounded monthly;
(d) Nominal 0.6% per month, compounded weekly;
(e) 0.3% per week, compounded weekly;
(f) 8% per year.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 56% (16 reviews)
Answered By
Dnyanoba Lavande
i have done my graduation in agriculture stream during this period i learnt different aspects of biology.
during my graduation i was preparing for banking and staff selection commission exams
I am working as a teacher from last four years at SEEDS coaching classes Kadnagar Undri Pune 411060
My teaching subjects are Biology,Mathematics,Indian history,Polity,Indian geography.
i taught those subjects to the more than 1000 students in last four year in the same institute
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
Identify the following interest rates as nominal or effective: (ABET, SO1) A: i%= 6% per semiannual, compounded monthly B: i%= 7% per year, compounded quarterly C: i%= 1.4% per month Select one: Oa....
-
A semiannually compounded nominal rate and a monthly compounded nominal rate have the same effective rate. Which has the larger nominal rate? Explain.
-
The market interest rate if is 12% per year compounded semiannually. For an inflation rate of 2% per 6 months, the effective semiannual interest rate is closest to: (a) 2% (b) 3% (c) 4% (d) 6%
-
Starting one month from now, you need to withdraw $210 per month from your bank account to help cover the costs of your university education. You will continue the monthly withdrawals for the next...
-
Let the degrees of the polynomials P(z) = a0 + a1z + a2z2 +· · ·+ anzn (an 0) And Q(z) = b0 + b1z + b2z2 +· · ·+ bmzm (bm 0) Be such that m ¥ n + 2. Use...
-
A simplified SDOF model of a vehicle suspension system is shown in Figure P2.19. The mass of the vehicle is \(500 \mathrm{~kg}\). The suspension spring has a stiffness of \(100,000 \mathrm{~N} /...
-
What is the minimum water depth necessary for a 40 -ftwide stream to handle \(4000 \mathrm{ft}^{3} / \mathrm{s}\) if the flow is not supercritical?
-
Jim Olsen earns $800 per week for a five day week, and he is entitled to 12 paid holidays and four weeks of paid vacation. a. Over how many weeks should the holiday pay and vacation pay be expensed?...
-
A particle is moving along the curve y 24x+9. As the particle passes through the point (4, 10), its a-coordinate increases at a rate of 5 units per second. Find the rate of change of the distance...
-
Kosam Bwende is a successful retail proprietor in Solwezi district. He prepares his business accounts to 31st December of each year. His net profit for the year ended 31 December, 2019 was K 640,000....
-
Identify the compounding period for the following interest statements: (a) 3% per quarter; (b) 10% per year, compounded semiannually; (c) Nominal 7.2% per year, compounded monthly; (d) Effective 3.4%...
-
Convert the given interest rates in the left-hand column into the nominal rates listed in the right-hand column. (Assume 4 weeks/month.) Given Interest Rate Desired Interest Rate 1% per month...
-
For each of the following situations, identify the correct factor to use from Tables 1 or 2 in the appendix on present value tables. Also, compute the appropriate present value. 1. Annual net cash...
-
Which of the following is not an example of a stakeholder? A. customers B. suppliers C. employees D. none of the above
-
Emerging markets are often more attractive than developed ones because __________. A. competition is not as intense B. consumer incomes in emerging markets are not a concern C. the infrastructure in...
-
The notion of distinctive competence is consistent with __________. A. IO theory B. resource-based theory C. contingency theory D. none of the above
-
The HR department in a low-cost business should always attempt to hire managers and workers at pay rates below those of their competitors. True or False
-
An individuals responsibility to make business decisions that are legal, honest, moral, and fair is known as __________. A. social responsibility B. the social imperative C. managerial ethics D. all...
-
What are cash and cash equivalents?
-
Evaluate the function at the given value(s) of the independent variable. Simplify the results. (x) = cos 2x (a) (0) (b) (- /4) (c) (/3) (d) ()
-
Suppose that government policymakers are concerned about a forecasted recession. As a consequence, they want to increase spending in the economy by $10 billion and can follow any one of three...
-
An area on the Colorado River is subject to periodic flood damage that occurs, on the average, every two years and results in a $2,000,000 loss. It has been proposed that the river channel be...
-
Ten years ago, the port of Secoma built a new pier containing a large amount of steel work, at a cost of $300,000, estimating that it would have a life of 50 years. The annual maintenance cost, much...
-
You have been requested to recommend one of the mutually exclusive industrial sanitation control systems that are given below. If MARR is 15% per year, which system would you select? Use the B-C...
-
"Managing Away Bad Habits Team Assignment Organizational Behavior IILeadership Assigned is ashort case from the exercise Managing Away Bad Habits. The task is to develop a turnaround strategy for...
-
"Managing Away Bad Habits Team Assignment Organizational Behavior IILeadership Assigned is ashort case from the exercise Managing Away Bad Habits. The task is to develop a turnaround strategy for...
-
11 The APRN unit director is working at an agency that has a high incidence of medication errors, specifically with heparin. One recent error had a patient receive twice the prescribed dose. Which...
Study smarter with the SolutionInn App