Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 04, 2024

7. A loan charges 1.63% interest per month. What is the APR? Enter your answer as a percentage rounded to 2 decimal places. An answer

A loan charges 1.63% interest per month. What is the APR?

Enter your answer as a percentage rounded to 2 decimal places. An answer of 23.456 would be entered as 23.46.

3 years from today, $3,000 will be deposited into an account that pays 8% interest. What will be the account balance 9 years from today?

Enter your answer as a number rounded to 2 decimal places. An answer of 23.456 would be entered as 23.46.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Commodity Market Trading And Investment

Authors: Tom James

1st Edition

1137432802, 978-1137432803

More Books

Students also viewed these Finance questions

Question

★★★★★

According to the National Funeral Directors Association (NFDA), the nation's 19,000 funeral homes collected an average of $7,180 per full-service funeral in 2014 (www.nfda.org). A random sample of 36...

Answered: 1 week ago

Question

★★★★★

characters Question 15 5 pts You are offered a chance to buy an asset for $4,500 that is expected to produce cash flows of $750 at the end of Year 1, $1,000 at the end of Year 2, $850 at the end of...

Answered: 1 week ago

Question

★★★★★

have an appreciation of the role and function of HRM and HRD

Answered: 1 week ago

Question

★★★★★

In our example of the free-falling parachutist, we assumed that the acceleration due to gravity was a constant value of 9.8 m/s 2 . Although this is a decent approximation when we are examining...

Answered: 1 week ago

Question

★★★★★

7. A loan charges 1.63% interest per month. What is the APR? Enter your answer as a percentage rounded to 2 decimal places. An answer of 23.456 would be entered as 23.46. 8. 3 years from today,...

Answered: 1 week ago

Question

★★★★★

The value of any model is that it enables the user to make inferences about the real situation.

Answered: 1 week ago

Question

★★★★★

Question An amusement park has a marginal cost function C x 1000e 5 where x represents the number of tickets sold an a marginal revenue function given by R x 60 0 1x Assuming that the park has no...

Answered: 1 week ago

Question

★★★★★

Answer the following Financial questions in Microsoft Excel. The Finance concept of Stocks and Bonds Valuation needs to applied, when answering the questions. Q 1 JW Corp has paid a dividend of...

Answered: 1 week ago

Question

★★★★★

1. Self Assessment You have prepared handouts, several charts, and a short video clip to support your speech. What steps should you take to make sure your presentation is effective? 2. Ethics...

Answered: 1 week ago

Question

★★★★★

1. while reviewing, you noticed an error in alex's pricing analysis that may result in discrepancies between stated costs to customer and actual costs that customers will be charged. how would you...

Answered: 1 week ago

Question

★★★★★

Daryl was talking with friends at a restaurant after work. He told them that he had been thinking of making a career change for a while, so he's finally enrolled himself into an allied health...

Answered: 1 week ago

Previous Question Next Question