Ime value of money: comparing interest rates different compounding periods, are used for different types of investments. in order to properly compare investments or loans with different compounding periods, we need to put them on a common basis. in order to do this, you need to understand the difference between the nominal interest rate (inom) and the effective annual rate (ear). the interest rate is quoted by borrowers and lenders, and it is also called the annual percentage rate (apr). if the compounding periods for different securities is the same, then you use the apr for comparison. if the securities have different compounding periods, then the must be used for comparison. here, m is the number of compounding periods per year and inom/m is equal to the periodic rate (iper). if a loan or investment uses compounding, then the nominal interest rate is also its effective annual rate. however, if compounding occurs more than once a year, ear is inom. quantitative problem: bank 1 lends funds at a nominal rate of 9% with payments to be made semiannually. bank 2 requires payments to be made quarterly. if bank 2 would like to charge the same effective annual rate as bank 1, what nominal interest rate will they charge their customers? round your answer to three decimal places.

When color is used on a topographical drawing, black is used to represent what?

Wren pork company uses the value basis of allocating joint costs in its production of pork products. relevant information for the current period follows: product pounds price/lb. loin chops 3,000 $ 5.00 ground 10,000 2.00 ribs 4,000 4.75 bacon 6,000 3.50 the total joint cost for the current period was $43,000. how much of this cost should wren pork allocate to loin chops?

In december of 2004, the company you own entered into a 20-year contract with a grain supplier for daily deliveries of grain to its hot dog bun manufacturing facility. the contract called for "10,000 pounds of grain" to be delivered to the facility at the price of $100,000 per day. until february 2017, the supplier provided processed grain which could easily be used in your manufacturing process. however, no longer wanting to absorb the cost of having the grain processed, the supplier began delivering whole grain. the supplier is arguing that the contract does not specify the type of grain that would be supplied and that it has not breached the contract. your company is arguing that the supplier has an onsite processing plant and processed grain was implicit to the terms of the contract. over the remaining term of the contract, reshipping and having the grain processed would cost your company approximately $10,000,000, opposed to a cost of around $1,000,000 to the supplier. after speaking with in-house counsel, it was estimated that litigation would cost the company several million dollars and last for years. weighing the costs of litigation, along with possible ambiguity in the contract, what are three options you could take to resolve the dispute? which would be the best option for your business and why?