User Account

All Pages

What is the effective interest rate

Assignment Help Accounting Basics
Reference no: EM132229173

Question - If you sign a discount note for $16,000 at a bank discount rate of 11.3%, for 90 days, what is the effective interest rate? (Use Ordinary Interest)

A. 7.0%

B. 7.1%

C. 7.3%

D. 11.6%

Reference no: EM132229173

Questions Cloud

Business organisation and the family business model : Independent Studies - 6IM997 - University of derby - Is the aim original and does it have the potential to add insights to the field of study? Does it conform
Market share by leveraging the household influence of women : How can your business grow market share by leveraging the household influence of women?
What is the structure of the therapy process : What is the structure of the therapy process? List the key principles of the approach. How does this approach work with a healthy/well-functioning versus.
Manufacturing orthopedic medical equipment : The sales manager of a company manufacturing orthopedic medical equipment attempts to hire salespeople based on the personalities of the customers
What is the effective interest rate : Question - If you sign a discount note for $16,000 at a bank discount rate of 11.3%, for 90 days, what is the effective interest rate
Feelings regarding the article walmart in mexico : What is your general impression, thoughts or feelings regarding the article Walmart in Mexico?
Calculate net profit : Question - Net Sales are $1,320,500. Cost of Goods Sold is $814,300. Operating Expenses are $418,500. Calculate Net Profit
Implications for union and management with situation : Discuss the implications for the union and management with this situation.
What are crystal proceeds on the loan : The discount rate is 13.25% and the term of the note is 120 days. What are Crystal's proceeds on the loan? (Use Ordinary Interest)

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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