subject
Business, 14.05.2021 16:50 live4dramaoy0yf9

Farmers Bank offers to lend you $50,000 at a nominal rate of 5.0%, simple interest, with interest paid quarterly. Merchants Bank offers to lend you the $50,000, but it will charge 6.0%, simple interest, with interest paid at the end of the year. What's the difference in the effective annual rates charged by the two banks? a. 1.56% b. 1.30% c. 0.72% d. 0.91% e. 1.09%

ansver
Answers: 1

Another question on Business

question
Business, 23.06.2019 01:30
Akika corporation started as a small firm and has grown substantially in the past decade. its interests span from electronics to real estate and aviation. akika's board of directors have now decided to create independent business units for and categorize the actions performed under each domain. each business unit will have distinct roles and responsibilities. which of the 14 principles of fayol does this exemplify?
Answers: 3
question
Business, 23.06.2019 14:00
Marta is twenty eight years old, and she has no dependents. she has saved an emergency fund and an extra $1,500. she would like to save or invest this money in hopes that it will grow fast. marta does not mind taking risks with her money. which type of account or investment is best for her? a. fifteen-year savings bond b. mutual fund c. basic savings account earning 1.3 percent interest, compounded monthly d. ida
Answers: 1
question
Business, 23.06.2019 20:10
What steps did jim moon take to build a relationship between his business and bank rhode island? 2. what collateral, if any, do you think moonworks can use as security for a future loan? explain your answer. 3. put yourself into the shoes of the banker handling the moonworks' account. what questions would you ask if the company asks for additional debt financing?
Answers: 1
question
Business, 23.06.2019 22:00
Astudent has been found guilty of plagiarizing another person's work. what type of discipline might this student face?
Answers: 1
You know the right answer?
Farmers Bank offers to lend you $50,000 at a nominal rate of 5.0%, simple interest, with interest pa...
Questions
question
Chemistry, 18.05.2021 01:20
question
Business, 18.05.2021 01:20
question
Mathematics, 18.05.2021 01:20
question
French, 18.05.2021 01:20
question
Mathematics, 18.05.2021 01:20
question
Mathematics, 18.05.2021 01:20
Questions on the website: 13722360