What is compounded annual rate implied

Assignment Help Financial Management

Reference no: EM131524820

Payday loans are very short-term loans that charge very high interest rates. You can borrow $400 today and repay $480 in two weeks. What is the compounded annual rate implied by this 20 percent rate charged for only two weeks? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Reference no: EM131524820

Questions Cloud

Determine the net present value for the project : Determine the net present value (NPV) for the project. Determine the internal rate of return (IRR) for the project.

Retirement account has current balance : How much time will it take to accumulate a total of $1,500,000 if you are adding $6,500 annually and the interest rate is 7 percent?

Enhance the force of expression of financial model : “Excel helps with a large number of visual aids to enhance the force of expression of a financial model.”

When you begin building a financial model : When you begin building a financial model, you must:

What is compounded annual rate implied : What is the compounded annual rate implied by this 20 percent rate charged for only two weeks?

What are examples of the required rate of return : What are examples of the required rate of return? Explain the difference between a joint venture and a strategic alliance.

What is the project net present value : What is the project's net present value if the required rate of return is 8.6 percent?

What is the after-tax cash flow from the salvage value : What is the after-tax cash flow from the salvage value if the tax rate is 32 percent?

Used as the initial cash flow for this building project : What amount should be used as the initial cash flow for this building project?

User Account

All Pages