A table saw costs $175 at a local store. You may either pay cash for it or
Question:
A table saw costs $175 at a local store. You may either pay cash for it or pay $35 now and $12.64 a month for 12 months beginning 30 days hence. If you choose the time payment plan, what nominal annual interest rate will you be charged?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 41% (12 reviews)
175 35 1264 PA i 12 PA ...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
What nominal annual rate of interest was charged on a loan of $5600 repaid in end- of-month installments of $121.85 in four-and- a-half years?
-
At what nominal annual rate of interest will money double itself in 6 years and 9 months if compounded quarterly?
-
At what nominal annual rate of interest compounded semi-annually will a $135 000 mortgages are amortized by monthly payments of $1023.12 over 15 years?
-
Data Corporation has four employees and provides group term life insurance coverage for all four employees. Coverage is nondiscriminatory and is as follows: a. How much may Data Corporation deduct...
-
The ordered pairs below give the winning times (in seconds) of the women's 100-meter freestyle in the Olympics from 1984 through 2012. (Spreadsheet at LarsonPrecalculus.com) (Source: International...
-
A chemical engineer at Western Refining has estimated that the total cost for a diesel fuel desulfurization system will be $2.3 million. If the direct cost factor is 1.35 and the indirect cost factor...
-
Let $X_{1}, X_{2}, \ldots, X_{n}$ be iid $N\left(\mu, \sigma^{2} ight)$. a. Show that the power function of the test $H_{0}: \mu=0$ versus $H_{1}: \mu>0$ at $\mu=1$ is...
-
Jo and Velma are equal owners of the JV Partnership. Jo invests $500,000 cash in the partnership. Velma contributes land and a building (basis to her of $125,000, fair market value of $500,000). The...
-
What is the total cash collection for April? Q1- the following is information of Royal Company for the quarter ending June 30th Sales budgets for the next four months are: April May June Budget sales...
-
i. Using MATRIX ALGEBRA prove the properties of OLS ( 8 Marks) estimates. ii. Results from a logit model is given as InZ = 0.8 + 0.07X, find the probability the event occurred when X = 100 (5 Marks)...
-
Upon graduation, every engineer must decide whether to go on to graduate school. Estimate the costs of going full time to the university to obtain a Master of Science degree. Then estimate the...
-
An investment of $5000 in Biotech common stock proved to be very profitable. At the end of 3 years the stock was sold for $25,000. What was the rate of return on the investment?
-
A limited company has an authorised capital of 400,000 ordinary shares of $0.50 each. The issued capital is $150 000. The directors declare a dividend of $0.10 per share. What will the dividend...
-
The following monthly effluent constituent concentrations have been obtained from four different existing activated sludge treatment plants. Each of these plants is to be replaced with a new plant to...
-
You will meet the equations describing bending beams in the module but do not need to know their derivation to be able to answer this question. The deflection, d, is described by the following...
-
1) Design a combinational circuit with three inputs, x, y and z, and three outputs, A, B, C. When the binary input is 0, 1, 2, or 3, the binary output is one greater than the input. When the binary...
-
Build numerical model for the spread of an infectious disease built upon the SIR model for transmission. The model should be based on a daily time step. (a) Assume that a city of 10 million people is...
-
The rise in US interest rates brought an increase in the government's external debt service obligations (debt service comprises interest, coupons, and principal). Identify where cross-border interest...
-
There is a Gauss's law for gravity analogous to Gauss's law for electricity. (a) If the electric flux through a closed surface is proportional to the enclosed charge, what is the gravitational flux...
-
Show that gj concave AHUCQ Abadie For nonnegative variables, we have the following corollary.
-
Refer to the previous problem. What would be the cost for this bank to comply with its required reserves if the bank decides to borrow from the Fed at a discount rate of 0.75%? Can you now explain...
-
The Perkins Construction Company bought a building for $800,000 to be used as a warehouse. A number of major structural repairs completed at the beginning of the current year at a cost of $125,000...
-
The Dow Ceramic Company purchased a glass-molding machine in January 2005 for $ 180,000. The company has been depreciating the machine over an estimated useful life of 10 years, assuming no salvage...
-
On January 2,2008. the Hines Food Processing company purchased a machine that dispenses a premeasured amount of tomato juice into a can. The machine Cost $85, 000, and its useful life was estimated...
-
In this module, we discussed reporting and analyzing performance data. Take a look at your local school district, city, or county government website. Discuss the following: 1. Post a link and give a...
-
With reference to a project of your own, draw a project team charter and include the relevant details for the project you had selected.
-
In this Week 7 discussion, you will post at least two paragraphs to discuss global sourcing and procurement. In your discussion post, you will address the challenges in implementing a global sourcing...
Study smarter with the SolutionInn App