What effective interest rate per annum corresponds to a nominal rate of 12% compounded monthly?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (14 reviews)
i 1 month Effe...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Engineering Economic Analysis
ISBN: 9780195168075
9th Edition
Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle
Question Posted:
Students also viewed these Accounting questions
-
What effective interest rate per year is equal to 1.2% per month, compounded continuously? Show hand and spreadsheet solutions.
-
What effective interest rate per quarter is equal to a nominal 1.6% per month, compounded continuously?
-
What effective interest rate per year, compounded continuously, is equivalent to a nominal rate of 10% per year? Solve by formula and spreadsheet function.
-
A machine was sold in December 20x3 for $13,000. It was purchased in January 20x1 for $19,000, and depreciation of $16,000 was recorded from the date of purchase through the date of disposal....
-
Assume that RMO will begin asking a random sample of customers who order by telephone about purchases made from competitors. RMO will give customers a 15 percent discount on their current order in...
-
Since the goal of all communication is to share meaningful messages, how can we be sure our intended messages get across in electronic settings such as our classroom?
-
Define the term law and describe the sources from which law is derived.
-
Use the data in LOANAPP.RAW for this exercise. The binary variable to be explained is approve, which is equal to one if a mortgage loan to an individual was approved. The key explanatory variable is...
-
What would be your annualized Discount Rate (in %) and your annualized Investment Return (%) on the purchase of a 91 day U.S. T. Bill for $4,975.00 that has a Par Value of $5,000.00?
-
In 2020, Gray Corporation, a calendar-year C corporation, has a $75,000 charitable contribution carryover from a gift made in 2015. Gray is contemplating a gift of land to a qualified charity in...
-
A loan company has been advertising on television a plan that allows people to borrow $1000 and make a payment of $10.87 per month. This payment is for interest only and includes no payment on the...
-
Use a 10% interest rate to compute the value of X is the diagram. 500 400 400 300 300 01-23-45
-
Discuss the meaning of the term principal-agent problem. Why does this problem exist?
-
Use R Software Tadahito_Iguchi CWS Second_Baseman 69 185 32.24 Juan_Uribe CWS Shortstop 71 175 27.61 Alex_Cintron CWS Shortstop 74 199 28.2 Joe_Crede CWS Third_Baseman 73 200 28.85 Josh_Fields CWS...
-
The salesman has told you that for only $320 a month and no money down you can own a Mustang. The loan has an annual interest rate of 6.2% compounded monthly and is payable over the next 4.5 years....
-
In Python generate 4096 "flips" of the coin using the binomial function of the random module in numpy: import numpy.random flips = numpy.random.binomial(1, bias, 4096) Where bias is the value of the...
-
If an edge detector is as follows: Convolve image f(x)with go Convolve f(x)with go to form h(x). h(x)-h(x) Compute h(x) = 0-01 Find zero-crossings of h3 (x). e 1|X to form h (x). a. Describe how...
-
Explain the Westgard R4s rule and what type of error it detects. The following results for the new Level 1 Control were obtained. Define and calculate the mean, median, mode, SD, and CV of the data....
-
Shaan and Anita currently insure their cars with separate companies, paying $650 and $575 a year. If they insure both cars with the same company, they would save 10 percent on their annual premiums....
-
A company pledges their receivables so they may Multiple Choice Charge a factoring fee. Increase sales. Recognize a sale. Collect a pledge fee. Borrow money. Failure by a promissory notes' maker to...
-
What factors produce growth in free cash flow?
-
State whether the following transactions affect cash flow from operations, free cash flow, financing flows, or none of them. (a) Payment of a receivable by a customer (b) Sale to a customers on...
-
A firm reported comprehensive income of $376 million for 2009, consisting of $500 million in operating income (after tax) less $124 million of net financial expenses (after tax). It also reported the...
-
Given the following Python code: x = 20 while x > 10: #do something x = x 1 How many times this loop will iterate. 10 11 20 20 0
-
The HTML program is fine I want help to figure out what's wrong with CSS that would not make my website look the same as the picture I provided. @charset "UTF-8"; /* CSS Document for CA3 */ body {...
-
Consider a twisted pair link of distance 2 km. It is required to compute the amount of received power Pr, assuming the transmit power Pt = 1 Watt and the cable attenuation is 20 dB/km.
Study smarter with the SolutionInn App