1 talmud book company borrows 21500 for 30 days at 15, Ask an Expert

Finance

1. Talmud Book Company borrows $21,500 for 30 days at 15 percent interest. What is the dollar cost of the loan? (Use a 360-day year. Do not round intermediate calculations and round your final answer to 2 decimal places.)

2. A CD deposit has a balance of $5,000 compounded semi-annually with an annual interest rate of 5.8%, what is the effective annual yield on this deposit after one year?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92815202

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