subject
Business, 23.09.2020 14:01 marieroberts7148

offers to lend you $50,000 at a nominal rate of 6.5%, compounded monthly. The loan (principal plus interest) must be repaid at the end of the year. Midwest Bank also offers to lend you the $50,000, but it will charge an annual rate of 7.0%, with no interest due until the end of the year. How much higher or lower is the effective annual rate charged by Midwest versus the rate charged by Riverside? 0.52% 0.44% 0.36% 0.30% 0.24%

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 21:00
The purpose of the transportation approach for location analysis is to minimize which of the following? a. total costsb. total fixed costsc. the number of shipmentsd. total shipping costse. total variable costs
Answers: 1
question
Business, 23.06.2019 02:30
Interview notes mike is 50 and made $36,000 in wages in 2017. he is single and pays all the cost of keeping up his home. mike's daughter, brittany, lived with mike all year. brittany's son, hayden, was born in november 2017. hayden lived in mike's home since birth. brittany is 25, single, and had $1,500 in wages in 2017. she is not disabled. mike provides more than half of the support for both brittany and hayden. mike, brittany, and hayden are all u.s. citizens with valid social security numbers. 4. who can mike claim as a qualifying child(ren) for the earned income credit?
Answers: 1
question
Business, 23.06.2019 02:30
Drag the tiles to the correct boxes to complete the pairs. match the scenarios with terms related to financial aid. entrance counseling fafsa financial need megan is planning to pursue an undergraduate degree in chemistry. but since her father lost his job five years ago, the family had been unable to save up enough for megan's education. arrowright kunal recently learned that he is going to receive a student loan. now he needs to attend a session in which he will learn the how the loan process works, as well as his responsibilities as a borrower. arrowright josie created an fsa id and completed a long application form online. the form asked for a lot of financial details about josie and her family. arrowright
Answers: 1
question
Business, 23.06.2019 02:30
Is will able to claim r.j. as a qualifying child for the earned income credit (eic)?
Answers: 1
You know the right answer?
offers to lend you $50,000 at a nominal rate of 6.5%, compounded monthly. The loan (principal plus i...
Questions
question
Mathematics, 07.04.2021 20:20
question
Mathematics, 07.04.2021 20:20
question
Mathematics, 07.04.2021 20:20
Questions on the website: 13722362