What is the effective annual rate

Assignment Help Financial Management

Reference no: EM131918152

You are looking at a one-year loan of $13,000. The interest rate on a one-year loan is quoted as 12.7 percent plus two points. What is the EAR? (Round your answer to 2 decimal places. (e.g., 32.16))

Effective annual rate %

Is your answer affected by the loan amount?

Affected

Not affected

Reference no: EM131918152

Questions Cloud

Internal supply of employees for meeting future : More emphasis should be placed on the internal supply of employees for meeting future employee needs because these individuals already know the organization."

Whs legislative requirements : 1. What WHS records should be maintained according to WHS legislative requirements?

What similarities can you find in problems faced by narrator : What similarities can you find in the problems faced by the narrators of The Woman Warrior and Hunger of Memory as they struggle to find identities?

How does the crew respond to the agreement : After watching the video, answer the following questions: In your opinion, are the tactics in the video similar to real negotiations, or is it just Hollywood?

What is the effective annual rate : You are looking at a one-year loan of $13,000. The interest rate on a one-year loan is quoted as 12.7 percent plus two points. What is the EAR?

List of rules for proper documentation : You are responsible for writing a portion of the medical staff bylaws relating to patient health record documentation.

Discuss the role of electronic media in communication : (a) Discuss the role of electronic media in communication. (b) Why is real time information not good enough for effective control?

Write a formal project proposal for your portfolio : This week, you are tasked to write a Formal Project Proposal for your portfolio (think gatekeeper readers). Using your mock business or organization.

Company capital structure weights on book value basis : What are the company’s capital structure weights on a book value basis? Which are more relevant, the book or market value weights?

User Account

All Pages