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Please do answer all three of the questions correctly... thanks so much... please do try to answer all three i will be very grateful.thank you
Please do answer all three of the questions correctly... thanks so much... please do try to answer all three i will be very grateful.thank you
Your bank is offering you an account that will pay 25% interest (an effective two-year rate) in total for a two-year deposit. Determine the equivalent discount rate for the following periods: a. Six months b. One year c. One month (Note: Be careful not to round any intermediate steps less than six decimal places.) a. Six months The equivalent discount rate for a period length of six months is %. (Round to two decimal places.) You are considering two ways of financing a spring break vacation. You could put it on your credit card, at 17% APR, compounded monthly, or borrow the money from your parents, who want an interest payment of 6% every six months. Which is the lower rate? (Note: Be careful not to round any intermediate steps less than six decimal places.) The effective annual rate for your credit card is %. (Round to two decimal places.) You have found three investment choices for a one-year deposit: 10.8% APR compounded monthly, 10.8% APR compounded annually, and 10.1% APR compounded daily. Compute the EAR for each investment choice. (Assume that there are 365 days in the year.) (Note: Be careful not to round any intermediate steps less than six decimal places.) The EAR for the first investment choice is %. (Round to three decimal places.) Ing
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