Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

problem: A loan disclosure, as required by law, states that a credit card has an interest rate of 18.2%. Interest is compounded on a quarterly basis. Determine the effective annual rate?        

[A] 17.08%

[B] 19.48%

[C] 19.64%

[D] 16.84%

[E] 16.96%

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M917631

Have any Question? 


Related Questions in Basic Finance

You are looking to buy a car you can afford 430 in monthly

You are looking to buy a car. You can afford $430 in monthly payments for four years. In addition to the loan, you can make a $1,200 down payment. If interest rates are 7.50 percent APR, what price of car can you afford? ...

Interpreting the feds monetary policy when the fed

Interpreting the Fed's Monetary Policy: When the Fed increases the money supply to lower the federal funds rate, will the cost of capital to U.S. companies be reduced? Explain how the segmented markets theory regarding t ...

List three issues that countertraders were grappling with

List three issues that countertraders were grappling with during 2014-2-15 with a 2-3 sentence explanation of each issue.

Davenport corporations last dividend was 700 and the

Davenport Corporation's last dividend was $7.00 and the directors expect to maintain the historic 3 percent annual rate of growth. You plan to purchase the stock today because you feel that the growth rate will increase ...

Assignment 3assignment 3 is due after you complete lessons

Assignment 3 Assignment 3 is due after you complete Lessons 9 to 11. It is worth 20% of your final grade. Prepare your responses to these assignment problems in a word processing file; put financial data in a spreadsheet ...

Question 1nbsp a cost of living rider that you purchase as

QUESTION 1   A cost of living rider that you purchase as part of your insurance life insurance policy gives you the option to buy additional insurance coverage to compensate for inflation. True False QUESTION 2  Riders t ...

According to the american red cross approximately 10 of the

According to the American Red Cross, approximately 10% of the human population is blood type B-positive. If we select 20 people at random, find the probability that more than 3 people in the sample have blood type B-posi ...

A firm has common stock of 80 paid-in surplus of 160 total

A firm has common stock of 80, paid-in surplus of 160, total liabilities of 350, current assets of 420, and fixed assets of 630. What is the amount of the shareholders' equity?

Impact of fomc statement how might the fomc statement

Impact of FOMC Statement: How might the FOMC statement (following the committee's meeting) stabilize financial markets more than if no statement were provided?

Your company has just sold a piece of property for 500000

Your company has just sold a piece of property for $500,000, but under the sales agreement, it won't receive the $500,000 until ten years from today. What is the present value of $500,000 to be received ten years from to ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate