What is the effective annual rate of this credit offer

Assignment Help Financial Management

Reference no: EM131308978

1. Round House Furniture offers credit to its customers at a rate of 1.15 percent per month. What is the effective annual rate of this credit offer?

15.04 percent

14.13 percent

13.80 percent

14.41 percent

14.71 percent

2. City Motors will sell a $15,000 car for $345 a month for 52 months. What is the interest rate?

9.10 percent

8.38 percent

9.28 percent

8.67 percent

8.53 percent

Reference no: EM131308978

Questions Cloud

Effective tool to promote expansion than fiscal policy : These conditions suggest that monetary policy is likely to be a more effective tool to promote expansion than fiscal policy. Do you agree or disagree? Explain your answer.

Constant growth valuation : Constant Growth Valuation Woidtke Manufacturing's stock currently sells for $18 a share. The stock just paid a dividend of $3.25 a share (i.e., D0 = $3.25), and the dividend is expected to grow forever at a constant rate of 5% a year. What stock pric..

Implement a hash structure for the contributor data : At this point, you decide to implement a Hash structure for the contributor data to prepare for searches. You will read the contributor information from a file provided; it is a comma delimited (CSV) file.

Prepare a summary of transactions for the company : Prepare a summary of transactions for the company for these transactions. Use money columns headed Cash, Accounts Receivable, Equipment, Accounts Payable, Capital Stock, and Retained Earnings

What is the effective annual rate of this credit offer : Round House Furniture offers credit to its customers at a rate of 1.15 percent per month. What is the effective annual rate of this credit offer? City Motors will sell a $15,000 car for $345 a month for 52 months. What is the interest rate?

Solicitation number and contract award : Once in the website, you will enter your search criteria for the state and type field for a solicitation (either pre-solicitation or Combined Synopsis/Solicitation). Include the Solicitation Number and Contract Award date in your proposal title pa..

Explain the methods the company uses : Name a current advertising slogan you believe is particularly effective for developing a unique selling proposition. Explain the methods the company uses, the target market, and strategies that you think are effective in advertising this product. ..

Create sortedlist object reference : Create SortedList object reference. Your insert and delete methods should work properly in all possible scenarios: inserting in an empty list

Explain the more complex aggregate demand curve : Tell one story that explains the negative slope of a simple demand curve and another story that explains the more complex aggregate demand curve (AD).

User Account

All Pages