FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

find the effective interest rate of 6.3% interest compounded continusouly if the bankers rule is a leap year. ** answer is 6.61%( dont know how

find the effective interest rate of 6.3% interest compounded continusouly if the bankers rule is a leap year.

** answer is 6.61%( dont know how the prof. got it)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

The Economics Of Financial Markets

The Economics Of Financial Markets

Authors: Roy Bailey

1st Edition

051111415X, 9780511114151

More Books

Students also viewed these Finance questions

Question

★★★★★
Organizations might desire to use one transfer pricing system designed to support international transfer pricing and another domestic transfer pricing system designed to achieve motivational...

Answered: 1 week ago

Question

★★★★★
What is the Volcker rule, and how did it relate to JPMs financial fiasco? LO6

Answered: 1 week ago

Question

★★★★★
Consider the M/M/1 system in which customers arrive at rate and the server serves at rate . However, suppose that in any interval of length h in which the server is busy there is a probability h +...

Answered: 1 week ago

Question

★★★★★
Samples of size 5 provided the following 20 sample means for a production process that is believed to be in control. a. Based on these data, what is an estimate of the mean when the process is in...

Answered: 1 week ago

Question

★★★★★
Luzadis Company makes furniture using the latest automated technology. The company uses a job-order costing system and applies manufacturing overhead cost to products on the basis of machine-hours....

Answered: 1 week ago

Question

★★★★★
You plan on contributing $ 4 , 0 0 0 ( at the beginning of each month ) into an investment account that earns an APR ( based on monthly compounding ) of 2 . 7 4 % . If you continue doing so for 3 3...

Answered: 1 week ago

Question

★★★★★
a (400-2a) Figure 1.48 Problem 4 4 m T a A 15 mm- D |-- P-17 kN A round steel bar of a length of 400mm and a diameter of 15mm at the middle portion is subjected to an axial tensile force of 17kN....

Answered: 1 week ago

Question

★★★★★
One of the restrictions in this exercise was that you were not allowed to use loops. All of the functions in this exercise could have been implemented with loops instead of list methods. Which do you...

Answered: 1 week ago

Question

★★★★★
Answer the question in terms of kN for the last picture no need to do the other ones with the solution. In problem 2-23, a round tube section 3 mm thick was one of the options to prevent buckling. If...

Answered: 1 week ago

Question

★★★★★
Question 1 (6 marks) Two cables are attached to a wall by a pin at O with the tensions in the cables adjusted to 450 N and 500 N as shown in the following diagram. 450N 30 500N Use the method of...

Answered: 1 week ago

Question

★★★★★
Many people have argued that the continuum of processes described by Garvin is outdated and does not apply to digital businesses. Very often digital businesses do not have equipment, or raw material,...

Answered: 1 week ago

Question

★★★★★
Your personal relationships: Are you closely connected to your family? Who are your friends?

Answered: 1 week ago

Question

★★★★★
1. Research indicates that employee misconduct tends to increase in companies where mergers, acquisitions, and restructurings are under way. Why do you think this happens?

Answered: 1 week ago

Question

★★★★★
You are offered a great job, but you have to relocate to a distant city. Your family agrees that the decision is yours to make, but you know they do not want to move. What do you do?

Answered: 1 week ago

Previous Question Next Question