Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Economics Expert

Find the interest rates earned on each of the following. Round each answer to two decimal places.

  1. You borrow $700 and promise to pay back $777 at the end of 1 year.
  2. You lend $700 and the borrower promises to pay you $777 at the end of 1 year.
  3. You borrow $61,000 and promise to pay back $80,272 at the end of 7 years.
  4. You borrow $10,000 and promise to make payments of $2,504.60 at the end of each year for 5 years.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M92479003
  • Price:- $10

Priced at Now at $10, Verified Solution

Have any Question?


Related Questions in Business Economics

A national air traffic control system handled an average of

A national air traffic control system handled an average of 47,556 flights during 28 randomly selected days in a recent year. The standard deviation for this sample is 6,251 flights per day. Complete parts a through c be ...

Some farm land is more productive than other land in the

Some farm land is more productive than other land in the sense that it can grow more food per hectare. Farmers also use fertilizer to grow food (i.e. adding fertilizer increases crop yield by 10 percent) earn more revenu ...

Do you believe corporation pose as a risk to our national

Do you believe corporation pose as a risk to our national economy and to domestic employees based upon external shocks to our economy as well as government regulations and Obamacare?

Every day your friend commutes to school on the subway at 9

Every day your friend commutes to school on the subway at 9 AM. If the subway is on time, she will stop for a $3 coffee on the way to class. If the subway is delayed she skips the coffee and goes straight to class. The p ...

1 a county health department is trying to decide whether to

1) A county health department is trying to decide whether to offer free flu vaccines to its residents next year. The vaccine protects against the flu strains expected to be most prevalent next year, but does not fully pr ...

Under what circumstances would lras and sras have the same

Under what circumstances would LRAS and SRAS have the same slope?

What is the difference between a greenfield investment and

What is the difference between a greenfield investment and an acquisition? Which form of investment is a firm more likely to choose?

What are some challenges in delivering health services in

What are some challenges in delivering health services in the peripheral areas?

In 2009 the hershey company of pennsylvania became the

In 2009, the hershey company of pennsylvania became the latest company to open a candy factory in mexico, joining other american candy companies including brach's confections and ferrara pan candy, which had opened plans ...

Give examples of how dominos has adapted its global

Give examples of how Domino's has adapted its global marketing mix to meet the needs of local consumers. Are you their customer? If so, why?

  • 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As