Business, 31.03.2020 04:59, Circe7527

(Related to Checkpoint 5.7) (Calculating an EAR) After examining the various personal loan rates available to you, you find that you can borrow funds from a finance company at 12 percent compounded quarterly or from a bank at 13 percent compounded monthly.

Which alternative is more attractive? If you can borrow funds from a finance company at 12 percent compounded quarterly, the EAR for the loan is nothing%. (Round to two decimal places.)
A. The loan from the finance company at 12 % compounded quarterly
B. The loan from the bank at 13 % compounded monthly

If you can borrow funds from a bank at 13 percent compounded monthly, the EAR for the loan is nothing%. (Round to two decimal places.) Based on the findings above, which alternative is more attractive? (Select the best choice below.)
A. The loan from the finance company at 12 % compounded quarterly
B. The loan from the bank at 13 % compounded monthly

Answers: 3

Show answers

Other questions on the subject: Business

Business, 21.06.2019 16:10, cgarnett5408

Aldrich and co. sold goods to donovan on credit. the amount owed grew steadily, and finally aldrich refused to sell any more to donovan unless donovan signed a promissory note for the amount due. donovan did not want to but signed the note because he had no money and needed more goods. when aldrich brought an action to enforce the note, donovan claimed that the note was not binding because it had been obtained by economic duress. was he correct? [aldrich & co. v. donovan, 778 p.2d 397 (mont.)]

Answers: 1

continue

Business, 22.06.2019 14:30, adenn3693

In our daily interactions we can find ourselves listening to other people solely for the purpose of finding weakness in their positions so that we can formulate a convincing response. select one: true false

Answers: 1

continue

Business, 22.06.2019 16:20, milkshakegrande101

There are three factors that can affect the shape of the treasury yield curve (r* t , ip t , and mrp t ) and five factors that can affect the shape of the corporate yield curve (r* t , ip t , mrp t , drp t , and lp t ). the yield curve reflects the aggregation of the impacts from these factors. suppose the real risk-free rate and inflation rate are expected to remain at their current levels throughout the foreseeable future. consider all factors that affect the yield curve. then identify which of the following shapes that the us treasury yield curve can take. check all that apply. a. downward-sloping yield curveb. upward-sloping yield curvec. inverted yield curve

Answers: 1

continue

Business, 23.06.2019 01:00, F00Dislife

What are the benefits of different types of career education, like community colleges, vocational training programs, and four-year colleges?

Answers: 3

continue

Do you know the correct answer?

(Related to Checkpoint 5.7) (Calculating an EAR) After examining the various personal loan rates ava...