Point III is about <em>real interest rate</em>
point I doesn't apply since both nominal and effective ir are calculated by year
let alone the fact that if you look close to those numbers it would probably mean that the loan had 1year and 1 day duration :)
the II answer is the correct one
if the loan is compounded at 6 months you have to add the interest of the first 6 months interest to the total interest to find out the effective interest rate
Answer:
$7.99
Step-by-step explanation:
6.5% of 7.5 = 0.4875
7.5 + 0.4875 = 7.9875 or about 7.99
Answer: 14.38%
Step-by-step explanation:
Worth of stock in Company A = $5990
Percent decrease = 20%
New worth = $5990 - (20% × $5990)
= $5990 - (0.2 × $5990)
= $5990 - $1198
= $4972
Worth of stock in Company B = $2450
Percent decrease = 8%
New worth = $2450 - (8% × $2450)
= $2450 - (0.08 × $2450)
= $2450 - $196
= $2254
Previous total worth = $5990 + $2450
= $8440
Total worth = $4972 + $2254
= $7226
The total percentage decrease in the investor's stock account will be:
= [($8440 - $7226) / $8440] × 100
=( $1214 / $8440) × 100
= 0.1438 × 100
= 14.38%
Answer:
Infinite describes things that are endless
Step-by-step explanation:
Answer:
15.3 x 10^-4
Step-by-step explanation:
