Under what circumstances are the effective annual interest rate and the period interest rate equal if the number of compounding periods per year is infinite Never true If the number of compounding periods per year is 1 Always true ...

The detailed answer for the above question is provided below Th ...

Under what circumstances are the effective annual interest rate and the period interest rate equal? if

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

Question:

Under what circumstances are the effective annual interest rate and the period interest rate equal?

if the number of compounding periods per year is infinite
Never true
If the number of compounding periods per year is 1
Always true

Related Book For answer-question

Engineering Economic Analysis

ISBN: 9780195168075

9th Edition

Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle

See More Books

Posted Date: Feb 21, 2024 11:37 PM

See More Questions

For each problem, show your work steps. A correct answer with no work shown gets half credit (which means you fail the assignment). An incorrect answer with no work receives 0 credit. With time value...
1. Suppose someone offered you your choice of two equally risky annuities, each paying $5,000 per year for 5 years. One is an annuity due, while the other is a regular (or deferred) annuity. If you...
Question 11 (18 points) Write a complete Java program (no documentation required) that will read all the data from a file, create a histogram from the data, and then display it on the screen. The...
Suri recently took a job in the marketing department for All Access Cable Company. After just a few days on the job. After just a few days on the job, Suri learned that the company has many layers of...
1. Does increased World Trade mean increased risk? 2. Comment on the assumption, "If people are serious about doing business with you, they will speak English."
Should companies be responsible for unemployment caused by their information systems? Why or why not?
Describe the forms of evidence presented by a plaintiff at trial.
Use the information for Lockard Company given in BE11-2. (a) Compute 2012 depreciation expense using the double-declining-balance method. (b) Compute 2012 depreciation expense using the...
On January 1 of its first month of business, Juan in a Million, Inc., paid $48,000 for four months rent beginning in January. How much will be reported as Rent Expense on its income statement for the...
Determine the moments of inertia I x and I y of the area shown with respect to centroidal axes respectively parallel and perpendicular to side AB. 60 mm 320 mm 40 mm so mm 80 inm 330 mm 80 mm
Given the following graph in Figure A1. < (1) (2 points) Find out the bridges and local bridges. < (2) (2 point) Find all the shortest paths between nodes B and F. < (3) (2 point) What is the...
which muscle were use to extend and splay your finger outward?
What piece of hardware connects a peripheral device like a keyboard or mouse to the system bus? 1 point a device driver a device controller a semaphore a network port
With the evolution of operating systems in mind, I think it would be interesting to hear of your own experiences with operating systems. Share your experiences with us by engaging in a conversation...
* Installing integrated software needs more memory than installing many .standalone applications True O False
estion 45: Which key lets you select multiple worksheets in a workbook? swer: (Shift) 13 (Tab) O (Alt) O (Enter)
[The following information applies to the questions displayed below.] Ken is 63 years old and unmarried. He retired at age 55 when he sold his business, Understock.com. Though Ken is retired, he is...
A fast-food restaurant averages 150 customers per hour. The average processing time per customer is 90 seconds. a. Determine how many cash registers the restaurant should have if it wishes to...
Sally Seashell bought a lot at the Salty Sea for $18,000 cash. She does not plan to build on the lot, but instead will hold it as an investment for 10 years. She wants a 10% after-tax rate of return...
Bill Anderson buys an automobile every 2 years aa follows: initially he makes a down payment of $6000 on a $15,000 car. The balance is paid in 24 equal monthly payments with annual interest at 12%....
As proprietor of your own business, you are considering the option of purchasing a new high-efficiency machine to replace older machines currently in use. You believe that the new technology can be...
Explain the building blocks of accounting: ethics, principles, and assumptions.
On May 1, 2025, Park Flying School Ltd., a company that provides flying lessons, was started with an investment of 45,000 cash in the business. Following are the assets and liabilities of the company...
The historical cost basis results in: a. initially recording assets at cost and adjusting when the current value changes. b. keeping activities of an entity separate and distinct from its owner. c....

Under what circumstances are the effective annual interest rate and the period interest rate equal? if

Question:

Expert Answer:

The detailed answer for the above question is provided below Th... View the full answer

Engineering Economic Analysis

Students also viewed these economics questions