User Account

All Pages

Find the effective rate if the bank uses the daily rate

Assignment Help Accounting Basics
Reference no: EM131803453

BNZ advertises that it pays interest on a savings account at the rate of 7.25% compounded yearly.

a. Find the effective rate if the bank uses 360 days in determining the daily rate.

b. What if 365 days is used?

c. Is there significant different between your answers to (a) and (b)? Explain?

Reference no: EM131803453

Questions Cloud

Determining the estimated residual value : What is the amount of amortization that Angstrom should record for year 3 under the straight-line method?
Ethics and governance of depreciation : What are the ethics and governance of depreciation in AASB116? Also the circumstances of stratght - line method and sum-of-years'-digits method?
What is the amount of sales revenue that fragment record : If a customer purchases 100 units of this product, what is the amount of sales revenue that Fragment will record from this sale
Promote an ethical culture in your organization : Every organization has room to improve its ethical practices. Borrowing from the example of Lockheed Martin and other readings.
Find the effective rate if the bank uses the daily rate : Find the effective rate if the bank uses 360 days in determining the daily rate. What if 365 days is used
James beskins and jennifer stock : James Beskins and Jennifer Stock have both decided to buy 100 shares of WWW.COM, a hot Internet stock. The market price is $240 per share
What then is the role management : Suppose the technology evolves in such a way that a high percentage of employees do not work in the company office.
Returns from holding small-company : Assuming the returns from holding small-company stocks are normally distributed. Also assume the average annual return for holding the small-company
Hedge in the forward market : Hedge in the forward market: The 3-month forward exchange quote was $1.1060/€ and the 6-month forward quote was $1.1130/€.

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