Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 24, 2024

I want to know the formula to resolve this problem: 1.Suppose that a company borrows $20,000 for 1 year at a stated rate of interest

I want to know the formula to resolve this problem:

1.Suppose that a company borrows $20,000 for 1 year at a stated rate of interest of 9%. What is the annual percentage rate (APR) if interest is paid to the lender

a.Annually

b.Semiannually

c.Quarterly

answer:

a. Annually: 8.649%

b. Semiannually: 8.836%

c. Quarterly: 8.933%

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

New Venture Creation A Framework For Entrepreneurial Start-ups

Authors: Paul Burns

2nd Edition

1352000504, 978-1352000504

More Books

Students also viewed these Finance questions

Question

★★★★★

(a) Show that the total number of atomic states (including different spin states) in a shell of principal quantum number n is 2n2. (b) Which shell has 50 states?

Answered: 1 week ago

Question

★★★★★

Is each of the following a parameter or a statistic? If you are uncertain, explain the issues. a. The number of cans of Campbells soup sold last week at your local supermarket. b. The proportion of...

Answered: 1 week ago

Question

★★★★★

Let A and B be events in a sample space for which it is known that P(A) a and P(B) b, where a and b are given real numbers. (i) Show that P(AB) a + b 1. (ii) If a + b > 1, what do you conclude...

Answered: 1 week ago

Question

★★★★★

International Tile Importers Inc. is a rapidly growing firm that imports and markets floor tiles from around the world. The tiles are used in the construction of custom homes and commercial...

Answered: 1 week ago

Question

★★★★★

2. Netflix (NFLX), a non-dividend paying stock, is trading at $613.26. Call options with one month to maturity and a strike of $615 are trading at $26.15. Put options with one month to maturity and a...

Answered: 1 week ago

Question

★★★★★

Mohave Corporation makes several varieties of beach umbrellas and accessones. It has been approached by a company called Lost Mine Industries about producing a special order for a custom umbrella...

Answered: 1 week ago

Question

★★★★★

An ETF is a. a contract that gives a buyer the right to buy or sell a security at a specified price on or before a certain date. b. an agreement between a buyer and seller to buy an asset at a later...

Answered: 1 week ago

Question

★★★★★

Treasury notes are bonds that mature in 2, 3, 5, 7, and 10 years. True or False

Answered: 1 week ago

Question

★★★★★

If you own a $5,000 bond that has a coupon of 4 percent and pays interest semiannually, how much interest would you receive? a. $200 every six months b. $200 once a year c. $200 every two years d....

Answered: 1 week ago

Question

★★★★★

Compare the resiliency to failure of n-cube to a fully- connected interconnection network. Plot a comparison of reliability as a function of the added number of links for the two topologies. Refer to...

Answered: 1 week ago

Question

★★★★★

Write the Kalman filter equations for an $\operatorname{AR}(1)$ process written is state space form with $H_{t}=1, \alpha_{t}=z_{t}$ and $V_{t}=0, \Omega_{t}=\phi, R_{t}=\sigma_{a}^{2}$. Show...

Answered: 1 week ago

Question

★★★★★

3.-For each of the following data sets, compute, (the median), s, and s: (Show your work on an extra page) a). 13.5, 6.5, 5,0,0 x= b). 0.032 %, 3.2*10, 0.00032, (3125) x = 5 = x= |= c). 3,-3,-3,3 x=...

Answered: 1 week ago

Question

★★★★★

6. Give an example of how the liking principle can be used to influence others.

Answered: 1 week ago

Question

★★★★★

5. Give an example of how the consensus principle can be used to influence others.

Answered: 1 week ago

Question

★★★★★

9. Give an example of how the word because can trigger a cognitive reflex in another party.

Answered: 1 week ago

Previous Question Next Question