Calculate the effective annual interest rate, Civil Engineering

Assignment Help:

A credit card advertises a nominal rate of 18% compounded monthly. If no monthly payments are made, the effective annual interest rate is most nearly:

The actual rate is, (18% / 12) = 1.5% per month. The effective annual rate is:

i = (1 + .015)12 - 1 = 0.1956 or 19.56% if you do not pay anything each month.


Related Discussions:- Calculate the effective annual interest rate

Damp proofing, how to remove dampness in mud houses?

how to remove dampness in mud houses?

Strain due to bending, Beam of arbitrary cross-sectionsubjected to couples ...

Beam of arbitrary cross-sectionsubjected to couples M Bending moment at any sectionis M Consider segment of beam subtended by angle θ Some fibres will shorten e.g. ABand o

Statics - rigid body of equilibrium, The ball of a trailer hitch is subject...

The ball of a trailer hitch is subjected to a force F. If the failure occurs when the moment of point F around point A reaches 11250 in lbs, determine the largest value F may have

Distance between concrete columns in 5 story building, distance between con...

distance between concrete columns in 5 story building and if there is distance 15 feet than what should be the column size and how many bars and diameter of each bar ?

Concrete carriageway comparatively, Question Why is slump specified in ...

Question Why is slump specified in concrete carriageway comparatively low like 30mmwhen compared with normal concrete like 75mm? Answer Slump of concrete carriageway

Illustrate bituminous surfacing over concrete structures, Q. Illustrate Bit...

Q. Illustrate Bituminous surfacing over concrete structures? Usage of bituminous surfacing over concrete structures (for instance existing concrete roads) is widespread to impr

Pros and cons of a variety of non-destructive weld methods, Question In...

Question In checking quality of weld, what are pros and cons of a variety of non-destructive weld inspection methods as in ultrasonic test, radiographic inspection and magnetic

Benchmark, 1. Where permanent bench of india located ? 2. use of Permanent ...

1. Where permanent bench of india located ? 2. use of Permanent BenchMark ?

Matlab program, for calculating the bending moment in which the loading and...

for calculating the bending moment in which the loading and the length of continuous beam is taken from the user

Write Your Message!

Captcha
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