Tucson bank offers to lend you $50,000 at a nominal rate of 12%, compounded monthly. the loan (principal plus interest) must be repaid at the end of the year. phoenix bank also offers to lend you the $50,000, but it will charge an annual rate of 10.8%, with no interest due until the end of the year. how much higher or lower is the effective annual rate charged by tucson versus the rate charged by phoenix?

Sara bought 12 3/4 cakes sara's friends ate 3/8 how much cake is left

Carey company is borrowing $225,000 for one year at 9.5 percent from second intrastate bank. the bank requires a 15 percent compensating balance. the principal refers to funds the firm can effectively utilize (amount borrowed − compensating balance). a. what is the effective rate of interest? (use a 360-day year. input your answer as a percent rounded to 2 decimal places.) b. what would the effective rate be if carey were required to make 12 equal monthly payments to retire the loan?

In canada, the reference base period for the cpi is 2002. by 2012, prices had risen by 21.6 percent since the base period. the inflation rate in canada in 2013 was 1.1 percent. calculate the cpi in canada in 2013. hint: use the information that “prices had risen by 21.6 percent since the base period” to find the cpi in 2012. use the inflation rate formula (inflation is the growth rate of the cpi) to find cpi in 2013, knowing the cpi in 2012 and the inflation rate. the cpi in canada in 2013 is round up your answer to the first decimal. 122.9 130.7 119.6 110.5