Determine what rate should the shop report

Assignment Help Financial Econometrics

Reference no: EM13327942

Big Dom's Pawn Shop charges an interest rate of 27.9 percent per month on loans to its customers. Like all lenders, Big Dom must report an APR to consumers.

What rate should the shop report?

What is the effective annual rate?

Reference no: EM13327942

Questions Cloud

Evaluate the change in ph when 4.00 ml of 0.100 m hcl : Calculate the change in pH when 4.00 mL of 0.100 M HCl(aq) is added to 100.0 mL of a buffer solution that is 0.100 M in NH3(aq) and 0.100 M in NH4Cl(aq). Calculate the change in pH when 4.00 mL of 0.100 M NaOH(aq) is added to the original buffer s..

Characteristics of ancient greek culture : Explain the origins of Greek culture and five distinctive characteristics of ancient Greek culture as related to architecture, philosophy, history, literature, and religion.

Calculate the magnitude of the resultant force : A 6.0 kg object undergoes an acceleration of 1.9 m/s2. Calculate the magnitude of the resultant force acting on the object

Explain what will be the concentration of ca2 : What will be the concentration of Ca2 (aq) when Ag2SO4(s) begins to precipitate. What percentage of the Ca2 (aq) can be separated from the Ag (aq) by selective precipitation

Determine what rate should the shop report : Big Dom's Pawn Shop charges an interest rate of 27.9 percent per month on loans to its customers. Like all lenders, Big Dom must report an APR to consumers.

How far from the axis can the button be placed : A small button placed on a horizontal rotating platform with diameter 0.326m will revolve with the platform when it is brought up to a rotational speed of 43.0rev/min, How far from the axis can the button be placed, without slipping,

Do you like person based structures : Do you like person based structures? Why or why not? When would they work best? What are the potential downfalls of this approach? Build a list of competencies

What is a competitive advantage : What is a competitive advantage? Why is it important for a small business to establish one? In the "Myers Internet" case, what did Warren Myers do to establish his competitive advantage?

Explain what will the concentration be after minutes : The rate constant for a certain reaction is = 6.10×10?3 . If the initial reactant concentration was 0.750 , what will the concentration be after 18.0 minutes

User Account

All Pages