subject
Business, 06.03.2020 16:24 jonathanjenkins701

Suppose Community Bank offers to lend you $10,000 for one year at a nominal annual rate of 6.50%, but you must make interest payments at the end of each quarter and then pay off the $10,000 principal amount at the end of the year. What is the effective annual rate on the loan?

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 20:20
The 2016 financial statements of the new york times company reveal average shareholders’ equity attributable to controlling interest of $837,283 thousand, net operating profit after tax of $48,032 thousand, net income attributable to the new york times company of $29,068 thousand, and average net operating assets of $354,414 thousand. the company's return on net operating assets (rnoa) for the year is: select one: a. 3.5% b. 6.9% c. 13.6% d. 18.7% e. there is not enough information to calculate the ratio.
Answers: 1
question
Business, 22.06.2019 01:30
Iam trying to get more members on my blog. how do i do that?
Answers: 2
question
Business, 22.06.2019 12:30
In the 1970s, kmart used blue light specials to encourage customers to flock to a particular department having a temporary sale. a spinning blue light activated for approximately 30 seconds, and then an in-store announcement informed shoppers of the special savings in the specific department. over time, loyal kmart shoppers learned to flock to the department with the spinning blue light before any announcement of special savings occurred. if kmart was employing classical conditioning techniques, what role did the spinning blue light play?
Answers: 3
question
Business, 22.06.2019 14:00
Why is efficiency an important economic goal?
Answers: 2
You know the right answer?
Suppose Community Bank offers to lend you $10,000 for one year at a nominal annual rate of 6.50%, bu...
Questions
question
Mathematics, 07.11.2020 07:00
question
History, 07.11.2020 07:00
question
Mathematics, 07.11.2020 07:00