Business

Business, 27.07.2019 00:20, nelsy7610

Sara has a loan with an interest rate of 2% now, but according to the terms and conditions, the interest rate could quadrupole after 18 months. what term best summarizes the situation?

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Business, 20.09.2019 17:10, ayeheavymetal

3. nonannual compounding period the number of compounding periods in one year is called compounding frequency. the compounding frequency affects both the present and future values of cash flows. an investor can invest money with a particular bank and earn a stated interest rate of 8.80%; however, interest will be compounded quarterly. what are the nominal, periodic, and effective interest rates for this investment opportunity? interest rates nominal rate periodic rate effective annual rate rahul needs a loan and is speaking to several lending agencies about the interest rates they would charge and the terms they offer. he particularly likes his local bank because he is being offered a nominal rate of 8%. but the bank is compounding bimonthly (every two months). what is the effective interest rate that rahul would pay for the loan? 8.356% 8.271% 8.448% 8.149% another bank is also offering favorable terms, so rahul decides to take a loan of $14,000 from this bank. he signs the loan contract at 9% compounded daily for four months. based on a 365-day year, what is the total amount that rahul owes the bank at the end of the loan's term? (hint: to calculate the number of days, divide the number of months by 12 and multiply by 365.) $15,147.75 $14,137.90 $14,426.43 $14,714.96

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Business, 06.10.2019 01:00, primmprincess312

Your parents are about to buy a new 2018 subaru outback limited (fully loaded with cool safety options) which will cost approximately $35,000. after paying tax, title & license and making a down payment, your parents will need to borrow $27,500 to complete the purchase of their new outback and are presented with two options. your parents want to repay their car loan over 60 months option one is 0.0% apr financing for 60 months, the second option is $2,000 cash back which would be used as an additional down payment reducing the loan amount by this $2,000 cash back. your parents discover that they can get 2.29% apr financing for 60 months if they elect the second (cash back) option. what is the 0% apr monthly payment minus the $2000 cash back monthly payment for your parents’ situation (i.e. a. $0.00 b. +$8.13 c. +$10.87 d. -$27.18 e. -$5.66 10) your bank account pays a 6% nominal rate of interest. following statements is correct? a. the periodic rate of interest is 6% and the effective rate of interest is greater than 6%. b. the periodic rate of interest is 3% and the effective rate of interest is 6%. c. the periodic rate of interest is 1.5% and the effective rate of interest is greater than 6%. d. the periodic rate of interest is 6% and the effective rate of interest is also 6%. e. the periodic rate of interest is 1.5% and the effective rate of interest is 3%. if 0% apr payment is higher difference is positive)?

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Business, 09.10.2019 16:20, diego4325

The number of compounding periods in one year is called compounding frequency. the compounding frequency affects both the present and future values of cash flows. an investor can invest money with a particular bank and earn a stated interest rate of 4.40%; however, interest will be compounded quarterly. what are the nominal, periodic, and effective interest rates for this investment opportunity? interest rates nominal rate periodic rate effective annual rate rahul needs a loan and is speaking to several lending agencies about the interest rates they would charge and the terms they offer. he particularly likes his local bank because he is being offered a nominal rate of 4%. but the bank is compounding bimonthly (every two months). what is the effective interest rate that rahul would pay for the loan? 4.381% 3.973% 4.244% 4.067% another bank is also offering favorable terms, so rahul decides to take a loan of $12,000 from this bank. he signs the loan contract at 5% compounded daily for 12 months. based on a 365-day year, what is the total amount that rahul owes the bank at the end of the loan's term? (hint: to calculate the number of days, divide the number of months by 12 and multiply by 365.) $12,489.06 $13,372.12 $12,615.21 $13,245.97 grade it now save & continue continue without saving

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Business, 21.11.2019 04:31, ozzy1146

Assume that you borrow $5,000, and you pay back the $5,000 plus $250 in interest at the end of the year. assuming no inflation, what is the real interest b. what would the interest rate be if the $250 of interest had been discounted at the time the loan was made? c. what would the interest rate be if you were required to repay the loan in 12 equal monthly installments, and assuming that you borrowed on average $2,500 for the whole year since half of the loan has been repaid after 6 months? "

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