User Account

All Pages

Determine the effective annual interest rate

Assignment Help Accounting Basics
Reference no: EM131518099

Question: Determine the effective annual interest rate on a $100,000 short-term loan, with a term of 245 days and a nominal interest rate of 8%. The bank discounts the interest.

Reference no: EM131518099

Questions Cloud

How should they be produced : There are three questions, which must be addressed by any economy: What should be produced, How should they be produced, and to whom do they go?
At what interest rate would this become attractive : Your company has an existing loan with monthly payments, principal, and interest of $1,883.65. There are 48 payments left on the loan and the loan.
Lower cost of capital for business : This has led to a lower cost of capital for business but higher market volatility. Should these markets now be regulated globally?
Marketing strategy do technology changes : When it comes to marketing strategy do technology changes have a huge influence?
Determine the effective annual interest rate : Determine the effective annual interest rate on a $100,000 short-term loan, with a term of 245 days and a nominal interest rate of 8%.
Heritage foundation index of economic freedom : Go to the Heritage Foundation's Index of Economic Freedom at. Click on "Ranking" or "View the full list" to see the ranking of all of the countries in world.
What were the legal and social aspects of american society : What were the legal and social aspects of American society that the African-American Civil Rights movement of the 1960s sought to change
National economic accounts section : Visit the National Economic Accounts section of the Bureau of Economic Analysis website and open up the latest News Release on Gross Domestic Product.
What is your response to the opposing authors arguments : Which author's arguments do you favor? Upon what basis? What is your response to the opposing author's arguments?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd