What is the apr on the account if interest

Assignment Help Finance Basics
Reference no: EM132403323

Assume you put $1000 into an account today at a bank and leave it there for five years. The bank promises that there will be $1140.60 in the account at the end of five years. What is the APR on the account if interest is compounded monthly?

Reference no: EM132403323

Questions Cloud

What level of sales could earleton : What level of sales could Earleton have obtained if it had been operating at full capacity? Write out your answer completely.
How the sources of return for fixed income securities : Taking note of how the sources of return for fixed income securities are directly related to the risks associated with the investments.
What change in nwc occurs at the end of year 1 : The tax rate is 20 percent and the required return on the project is 10 percent. What change in NWC occurs at the end of year 1?
Determining the relevant cash flows for a proposed project : What four main criteria are commonly used for determining the relevant cash flows for a proposed project?
What is the apr on the account if interest : The bank promises that there will be $1140.60 in the account at the end of five years. What is the APR on the account if interest is compounded monthly?
Equity in the computation of farcry wacc : A. What would be the weight used for equity in the computation of FarCry's WACC? B. What weight should you use for debt in the computation of Fairyland 's WAC
Current value per share according to the analyst : The required return is 12 percent (effective annual return, EAR). What is the current value per share according to the analyst?
What is the expected return on jason portfolio : What is the expected return on Jason's portfolio? (Round answer to 2 decimal places, e.g. 12.25)
Assuming monthly compounding : ow much interest will you pay in the 11th year of a $100,000, 5.5%, 25 year mortgage, assuming monthly compounding?

Reviews

Write a Review

Finance Basics Questions & Answers

  Compare and contrast various metric for product availability

Compare and contrast the various metrics for product availability. Why is the order fill rate considered the most stringent metric?

  Computation of risk premium on bonds

Computation of risk premium on bonds and what is the default risk premium on the corporate bond

  What is projects npv using discount rate of sixteen percent

What is the project's NPV using a discount rate of 16 percent? What is this project's internal rate of return? Should the project be accepted? Why or why not?

  What is the portfolio new beta

You want to invest an additional $10,000 in a stock that has beta equal to 2.2. After adding this, what is the portfolio's new beta?

  Keenan long-run average return on equity

What is Keenan's long-run average return on equity? [Hint: g= Retention rate x ROE = (1.0 - payout( (ROE).]

  What are the limitations of using duration and convexity

what are the limitations of using duration and convexity measures in active portfolio

  How much cash money do you need to bring to the closing

filing fees and other assorted fees. How much cash money do you need to bring to the closing?

  Describe some other uses for a company’s cash

Describe some other uses for a company's cash. How could these uses benefit shareholders more than a stock repurchase?

  What is jumbo juice’s cost of preferred stock

If the firm issues 10,000 shares of preferred stock at $50 per share, how much of the total value of the issue will the firm be able to use (receive)?

  Calculate the monthly loan payment for the loan balance

Calculate what the monthly loan payment would instead need to be in order for the loan balance at the end of the first year to be equal to the loan balance.

  This year amy purchased 2200 of equipment for use in her

this year amy purchased 2200 of equipment for use in her business. however the machine was damaged in a traffic

  Differentiate between standard debt provisions and restrict

Differentiate between standard debt provisions and restrictive covenants included in a bond indenture. What are the consequences if a bond issuer violates any of these covenants?

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