Mathematics
Mathematics, 09.10.2019 01:30, lalanduni

The amount of interest on $x for 2 years is$320. the amount of discount on $x for one year is $148. find the annual effective interest rate i and the value of x.

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Business, 03.08.2019 01:10, daniellealex
Which of the following statements is false? a. the effective annual rate indicates the amount of interest that will be earned at the end of the year. b. the annual percentage rate indicates the amount of simple interest earned in one year. c. the annual percentage rate indicates the amount of interest including the effect of compounding. d. because interest rates may be quoted for different time intervals, it is often necessary to adjust the interest rate to a time period that matches that of our cash flows.
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Mathematics, 28.08.2019 20:10, mikiahpowell92
The amount of interest on $x for 2 years is$320. the amount of discount on $x for one year is $148. find the annual effective interest rate i and the value of x.
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Mathematics, 18.09.2019 21:10, jiggyN
The amount of interest on $x for 2 years is$320. the amount of discount on $x for one year is $148. find the annual effective interest rate i and the value of x.
Answers: 2
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Business, 30.09.2019 19:10, diazsindy
Calculate the future value of $ 7 comma 000 in a. four years at an interest rate of 9 % per year. b. eight years at an interest rate of 9 % per year. c. four years at an interest rate of 18 % per year. d. why is the amount of interest earned in part (a) less than half the amount of interest earned in part (b)? a. four years at an interest rate of 9 % per year. the future value of $ 7 comma 000 in 4 years at an interest rate of 9 % per year is $ nothing. (round to the nearest dollar.) b. eight years at an interest rate of 9 % per year. the future value of $ 7 comma 000 in 8 years at an interest rate of 9 % per year is $ nothing. (round to the nearest dollar.) c. four years at an interest rate of 18 % per year. the future value of $ 7 comma 000 in 4 years at an interest rate of 18 % per year is $ nothing. (round to the nearest dollar.) d. why is the amount of interest earned in part (a) less than half the amount of interest earned in part (b)? (select the best choice below.) a. the amount of interest earned in part (a) is really half of the amount of interest earned in part (b) since in part (b) the money grows for twice as many years as in part (a). b. this results because you earn interest on past interest. since more interest has been paid at the end of the time period than at the beginning, the money grows faster. c. the annual interest rate in part (b) is slightly higher than the rate assumed in part (a). this is because of compounding
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The amount of interest on $x for 2 years is$320. the amount of discount on $x for one year is $148....

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