What is the effective interest rate corresponding to a nominal annual rate of: a. 7.5% compounded semiannually?
Question:
a. 7.5% compounded semiannually?
b. 7.5%compoundedquarterly?
c. 7.5% compounded monthly?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (17 reviews)
a b c 00...View the full answer
Answered By
Rustia Melrod
I am a retired teacher with 6 years of experience teaching various science subjects to high school students and undergraduate students. This background enables me to be able to help tutor students who are struggling with the science of business component of their education. Teaching difficult subjects has definitely taught me patience. There is no greater joy for me than to patiently guide a student to the correct answer. When a student has that "aha!" moment, all my efforts are worth it.
The Common Core standards are a useful yardstick for measuring how well students are doing. My students consistently met or exceeded the Common Core standards for science. I believe in working with each student's individual learning styles to help them understand the material. If students were struggling with a concept, I would figure out a different way to teach or apply that concept. I was voted Teacher of the Year six times in my career. I also won an award for Innovative Teaching Style at the 2011 National Teaching Conference.
4.90+
4+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
What is the effective interest rate on a $750,000 loan at 8% for 120 days if a 20% minimum compensating balance is required?
-
What is the effective interest rate of a simple discount note for $30,800, at an ordinary bank discount rate of 14%, for 20 days? Round to the nearest tenth of a percent.
-
What is the effective interest method of amortization and how does it differ from the straight-line method?
-
Multiple Choice 1. Which of the following concepts are pervasive in the application of generally accepted auditing standards, particularly the standards of field work and reporting? a. Internal...
-
What is a reverse acquisition? How should the consideration transferred in a reverse acquisition be measured?
-
In 1992, the Journal of Epidemiology and Community Health published an article that claimed that the average incubation period from infection with HIV to the development of AIDS was 6.5 years with a...
-
The data in Table 19.5 originate from the 1991 edition of the Historical Loss Development Study, published by the Reinsurance Association of American. These data have been widely used to illustrate...
-
Can Pepsi or any other company ever surpass Coca- Cola? Why or why not? What are Coca-Colas greatest risks?
-
Cuttlefish use jet propulsion to move rapidly. To do this, a cuttlefish fills its muscular mantle cavity with water and then quickly expels the water through a tube - like opening. The mass of a...
-
Hallergan Company produces car and truck batteries that it sells primarily to auto manufactures. Dorothys Hawkins, the companys controller, is preparing the financial statements for the year-end...
-
When he died in 1790, Benjamin Franklin left $4600 to the city of Boston, with the stipulation that the money and its earnings could not be used for 100 years. The bequest grew to $332,000 by 1890....
-
What is the effective interest rate corresponding to a nominal annual rate of: a. 9% compounded semiannually? b. 9%compoundedquarterly? c. 9% compounded monthly?
-
You observe a portfolio for five years and determine that its average return is 12.4% and the standard deviation of its returns is 19.6%. Can you be 95% confident that this portfolio will not lose...
-
What might be some advantages and disadvantages to being let go remotely, if any? Why might it be a good idea to rein in ones frustration and anger?
-
Although conflict is a normal part of every workplace, if unresolved, it can create hard feelings and reduce productivity. Your Task. Analyze the following scenarios. In teams, discuss each scenario...
-
Paramount Fitness Corporation, a commercial strength equipment manufacturer in California, contracts with several distributors overseas who exclusively sell Paramount weight machines to gyms and...
-
Here is an idea to shorten tedious meetings: Ban sitting down! A growing number of tech companies hold mandatory morning meetings in which nonwork chatter is frowned upon and all participants must...
-
Many consumers worry about whats in their food. They fear conventional factory farming, wish to be good stewards of the environment, and desire a sustainable lifestyle. Wholesome organic food can...
-
Find the value of k that makes the given function a probability density function on the specified interval. f (x) = k(3x - x 2 ), 0 x 3
-
The production budget of Artest Company calls for 80,000 units to be produced. If it takes 30 minutes to make one unit and the direct labor rate is $16 per hour, what is the total budgeted direct...
-
Suppose rRF = 9%, rM = 14%, and bi = 1.3. a. What is ri, the required rate of return on Stock i? b. Now suppose rRF (1) increases to 10 percent or (2) decreases to 8 percent. The slope of the SML...
-
Suppose you hold a diversified portfolio consisting of a $7,500 investment in each of 20 different common stocks. The portfolio beta is equal to 1.12. Now, suppose you have decided to sell one of the...
-
Suppose you are the money manager of a $4 million investment fund. The fund consists of 4 stocks with the following investments and betas: If the market required rate of return is 14 percent and the...
-
The following are trial balance of Clarissa Amanda Sdn. Bhd. as at 31 December 2021. Debit RM Credit RM Opening stock, 1 Jan 2021 Purchases 16,000 75,000 Sales return 5,000 Carriage inwards 1,500...
-
Assume that IBM stock S is currently 75, the interest rate r = 1%; and that you are short a call option that expires in one year with strike price K = 80. Construct a one step binomial tree with u =...
-
1. Suppose you borrow $350 for one year and pay a finance charge of $23. If you repay this loan all at once after one year, what is your average balance? 2. Timothy Carter has net monthly income of...
Study smarter with the SolutionInn App