What is the effective interest rate for the loan

Assignment Help Mathematics
Reference no: EM131623335

Question: 1. Ross Land has a loan of $8,500 compounded quarterly for four years at 6%. What is the effective interest rate for the loan? Use the table method.

2. What is the effective interest rate for a loan of $20,000 for three years if the interest is compounded quarterly at a rate of 12%?

Reference no: EM131623335

Questions Cloud

What is formula that spy lie utilizes to detect deception : What is the formula that Spy the Lie utilizes to detect deception? Explain why you feel they are significant. Each TAKEAWAY should be one paragraph long.
Explain the benefits of these system solutions : Propose informal and formal system solutions to reduce unethical behavior in organizations. Explain the benefits of these system solutions
Define the dispute moot : A private party's discontinuation of unlawful conduct does not make the dispute moot
Healthcare organizations have a lot of challenges to factor : Healthcare organizations have a lot of challenges to factor that include a financial collapse,a surge in underinsured care as well as an increasing competition.
What is the effective interest rate for the loan : Ross Land has a loan of $8,500 compounded quarterly for four years at 6%. What is the effective interest rate for the loan? Use the table method.
Develop a strategic marketing plan for tesla model s car : Develop a strategic marketing plan for Tesla Model S car, with its all electric power and innovation for the future.
What does author suggest about foxs journalistic credibility : What does the author suggest about Fox's journalistic credibility? What does the author indicate is a reason why the war wasn't discussed as much on Fox?
Define contract for the purchase of the automobile : Define the elements of a legal contract using examples from the scenario where applicable.
Office of personnel management : According to the Office of Personnel Management, federal regulations provide for four forms of awards that can be given to federal employees:

Reviews

Write a Review

Mathematics Questions & Answers

  A contractor digs a hole for the basement of a house

A contractor digs a hole for the basement of a house that is 40 feet long and 10 1/2 feet deep. What is the width of the hole if 6,510 cubic feet are removed?

  Draw a histogram to represent the distribution

Obtain (generate) a random sample of 180 numbers between 1 and 60. You may use a calculator, excel, or a table of random numbers to achieve this. Use your sample to answer the following questions.

  State what was his chang macaroni sala

of ground beef at $2.49,three and one half lbs. of macaroni sala at $2.19lb, four and one fourth of chip dip at $2.39lb, and 3 bas of chips for 1.99 each. what was his chang from $50?

  Write a system of inequalities representing

Existing orders require the company to produce at least 10 standard playhouses and 15 deluxe playhouses per week.  Write a system of inequalities representing this situation, where x is the number of standard playhouses and y is the number of deluxe ..

  How much interest will refinancing save

How much interest will refinancing save

  Estimate when the rabbit population grew most rapidly

Estimate when the rabbit population grew most rapidly. How large was the population at that time?

  Describe kruskal''s algorithm and prim''s algorithm

Illustrate how Kruskal's algorithm and Prim's algorithm are used to find a minimum spanning tree, using a weighted graph with at least eight vertices and 15 edges.

  Properties of exponents and teach

For this discussion board, you will each take the role of teacher. You will each choose ONE of the following rules or properties of exponents and teach it to the class (i.e., explain it in your own words and give an example that illustrates your e..

  What are the chances they win their next game

If the local professional basket ball team, the sneakers, wins today's game, they have a 2/3 chance of winning their next game. If they lose this game, they have 1/2 chance of winning their next game.

  Manager need to have at the mill next year

Last year 15000 customer orders at the mill and the manager has a new Mercedes in mind as a company car, so he hopes that there is an increase of 10% in customer orders for the next year. How many workers will the manager need to have at the mill ..

  Top management support

Rate Walmarts diversity efforts in each of the following categories 1) Top Management Support; 2) Employee Support; 3) Recruitment and Hiring; 4) Identifying and developing talent; 5) Ensuring fair treatment; 6) Holding managers accountable; an..

  Provide a short definition of pi

Recognize the importance of some very famous numbers, as well as learn more about approximations - Provide a short definition of Pi.

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