What is annual percentage rate on your account

Assignment Help Financial Management
Reference no: EM131554921

You are paying an effective annual rate of 6.61 percent on your credit card. The interest is compounded monthly. What is the annual percentage rate on your account? (Enter rate in percents, not in decimals.)

Reference no: EM131554921

Questions Cloud

What approaches should included in a personal financial plan : What approaches should be included in a personal financial plan to address and minimize future risks with respect to these concerns?
Probability of a specific value : Compare the discrete probability distribution to the continuous probability distribution, in terms of whether the probability of a specific value.
Explain and define the main stereotypes of arabs : Explain and define the main stereotypes of Arabs in film that we discussed in class. Research and give examples for each one
Find the angle formed between the two original forces : Two forces of 470 newtons and 380 newtons act simultaneously on an object. The resultant forms an angle of 50° with the 380-newton force.
What is annual percentage rate on your account : What is the annual percentage rate on your account?
Is the business as an agent of world benefit an academic fad : Business as an Agent of World Benefit- Is the business as an agent of world benefit (BAWB) an academic fad or a change in business principles? Why?
What are the current assets : Cash Equation: Bettendorf Corporation has a book net worth of $17,800. The company's long-term debt is $6,900. Its net working capital, excluding cash.
According to investment digest : According to Investment Digest ("Diversification and the Risk/Reward Relationship", Winter 1994, 1-3), the mean of the annual return.
Explain the benefits of massage therapy : Why are specific articles that use tangible outcomes and a scientific methodology important to advancing massage therapy as a credible and effective therapy?

Reviews

Write a Review

Financial Management Questions & Answers

  The internal rate of return

The internal rate of return:

  How much interest will you owe at end of first year

You receive a credit card application from Shady Banks Savings and Loan offering an introductory rate of .5 percent per year, compounded monthly for the first six months, increasing thereafter to 17.9 percent compounded monthly. Assume you transfer t..

  What is the effective tax rate on the intercompany dividends

A parent holding company sells shares in its subsidiary such that the parent now owns only 65% of the subsidiary and, thus, the tax returns of the parent and its subsidiary can't be consolidated. The parent receives annual dividends from the subsidia..

  Evaluating two different silicon wafer milling machines

You are evaluating two different silicon wafer milling machines. The Techron I costs $225,000, has a three-year life, and has pretax operating costs of $58,000 per year. The Techron II costs $395,000, has a five-year life, and has pretax operating co..

  Withdraw in equal annual beginning-of- the-year case flows

How much money can you withdraw in equal annual beginning-of- the-year case flows if you invest the money at a rate of 7% for thirty years?

  Calculate the npv of this project

Nata, Inc., is considering the purchase of a $412,000 computer with an economic life of five years. Calculate the NPV of this project.

  Treasuries are assumed to have no liquidity or default risk

The real risk-free rate is 2.41%. Inflation is expected to be 2.97% this year and 2.4% next year. The maturity risk premium is estimated to be equal to 0.09% (t-1), where t equals the maturity of a bond in years. All treasuries are assumed to have no..

  Produced an arithmetic average return

You own a stock that has produced an arithmetic average return of 7.80% over the past five years. The annual returns for the first four years were 16%, 11%, -19%, and 3%, respectively. What was the return on the stock in year five? Also, compute the ..

  Calculate cost of equity using discounted cash flow method

Calculate the cost of equity using the discounted cash flow method. Calculate the cost of equity using the Security Market Line.

  About the lease versus buy

Big Sky Mining Company must install $1.5 million of new machinery in its Nevada mine. It can obtain a bank loan for 100% of the purchase price, or it can lease the machinery. The loan would have an interest rate of 16%. What is the NAL of the lease?

  Compute the expected dividend

You are an investor in company which is an auto parts supplier. They will pay a dividend next year of $0.80 per share and are expected to grow at an annual rate of 2%. The price of the stock is currently $37.24. What is the dividend yield? Why divers..

  What is the payback period if the initial investment

An investment provides the following (annual) returns (cash inflows): What is the payback period if the initial investment is $1800?

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!

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