Question: choose the correct answer without explain What is the effective monthly insterest rate of 12.68% per year, compunded monthly 12% per month 1% per month

choose the correct answer without explain What is the effective monthly

choose the correct answer without explain

What is the effective monthly insterest rate of 12.68% per year, compunded monthly 12% per month 1% per month 12% per year, compounded annually 1% per month, compounded annually

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

I'm not sure I did this right. I know my rates are correct, not certain on nper for continuously compounding due to the extremely large final answer for continuous cells. from my understanding PV...

Plz answer all these questions !!!!!!! Question 1 Home Properties & Co. wants to invest an amount of R30 000. They approach different, Banks which give them the below options. Find the Effective rate...

A cash flow series is increasing geometrically at the rate of 7% per year. The initial payment at EOY 1 is $5,500, with increasing annual payments ending at EOY 20. The interest rate is 13%...

Hoyt, Inc. has estimated current year sales (in millions) for the next four quarters. Q1 $240Q2 $250 Q3 $205 Q4 $350 ? Sales for the 1st quarter next year are projected to be $230.? Accounts...

Need help figuring out problem #40, #42, and #45 in the attached document. I have the answers for the problems, but need to see how they are worked out. FIN 142 - Real Estate Finance Problem Set 2 1....

1 Ground Rules: 1. Read and follow directions carefully. Enter answers in the places indicated. 2. Be sure to show all your computations and related work. Part 1 ? ACCOUNTS RECEIVABLE AND ALLOWANCE...

See page 129- 137 on attachment for more details there are five steps to the project. Step 1: Create the loan amortization schedule for the property. Step 2: Create the depreciation schedule. Step 3:...

In 2016, to help pay for college, you worked part-time at a local restaurant, earning $30,000 in wages and tips. Use the following information to complete parts (a) through (c) below For people who...

Its micro... explain every part 8. Overhaul of a production line generates the following incremental cash inflows over the line's 5-year remaining life. C1 C2 C3 CA C's Cash inflow ($ million) +1.5...

Saving for Retirement Case "Boy, this is all so confusing," said Jason as he stared at the papers on his desk. "If only I had taken the advice of my finance instructor, I would not be in such a...

An operating division of Dell Company has $500,000 in sales, $200,000 in income, and $250,000 in average assets. What is the operating division's investment turnover?

Explain the organization's role in promoting ethical behavior.

HELP!!! I Can't figure out Requirement 5 ! Please note, eveything but number 5 has been verified and is correct. Thank you!! Tru Developers, Incorporated, sells plots of land for industrial...

Several years ago the Jakob Company sold a $1,000 par value, callable bond that now has 20 years to that is paid semiannually. The bond currently sells for $1,240, and the company's tax rate is 40%....

In-house unions. It is difficult to go against trade union traditions in the host country, and normally Japanese subsidiaries adapt to local conditions in this respect.

Job rotation. This is used extensively in Japan in order for employees to get to know a variety of jobs, and to build a network of relations that help people succeed in managerial positions. Yet in...

Lifetime employment. It may be that European employees do not want lifetime employment in a Japanese company, if it means accepting all the other aspects that go with it, such as promotion by...