Barcain credit corp. wants to earn an effective annual return on its consumer loans of 16.0 percent per year. the bamk uses daily compounding on its loans. what interest rate is the bank required by law to report to potential borrowers? ( use 365 days a year. do not round intermediate calculations and round your final answer to 2 decimal places. (32.16)

interest rate %

Financial performance is measured in many ways. requirements 1. explain the difference between lag and lead indicators. 2. the following is a list of financial measures. indicate whether each is a lag or lead indicator: a. income statement shows net income of $100,000 b. listing of next week's orders of $50,000 c. trend showing that average hits on the redesigned website are increasing at 5% per week d. price sheet from vendor reflecting that cost per pound of sugar for the next month is $2 e. contract signed last month with large retail store that guarantees a minimum shelf space for grandpa's overloaded chocolate cookies for the next year