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musickatia [10]
3 years ago
12

Your credit card company quotes you an interest rate of 21.9 percent based on annual compounding. Interest is billed monthly. Wh

at is the actual rate of interest you are paying
Business
1 answer:
alexgriva [62]3 years ago
6 0

Answer:24.24%

Explanation:

Effective Annual Rate = (1 + (nominal interest rate / number of compounding periods)) ^ (number of compounding periods) – 1

EAR = [1 + (.219 / 12)]12 - 1 = .2424, or 24.24 %

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At the end of year 1, Rome Inc. held debt securities classified as available-for-sale securities. The securities were carried at
KiRa [710]

Answer:

The historical cost of the debt securities available for sale was $69,670.

Explanation:

Market value of the securities = $57,320

Cumulative unrealized Loss = $12,350

Historical cost of the securities held for sale = Market Value of the Securites + Cummulative unrealized losses

Historical cost of the securities held for sale = $57,320 + $12,350

Historical cost of the securities held for sale = $69,670

Securities Held for sale are recorded at the fairmarket value and its losses are accumulated. By adding cummulative losses of security to Maerket value of security we can calculate historical cost of the security.

8 0
3 years ago
Chun Hei is carrying out a marketing research study. Even after seeking all reasonable available secondary data sources, she has
tekilochka [14]

Answer:

The correct word for the blank space is:  primary.

Explanation:

Primary data collection takes place when data is collected by researchers from direct sources using for that purpose surveys or interviews. Typically, primary data collection gathers the questions formulated on <em>secondary data</em> research since that is the basic step carried out for the data collection process.

8 0
3 years ago
(ङ) मुहावरे का अर्थ लिखकर वाक्य प्रयोग करें-<br>चाव होना, आश्चर्य की सीमा न रहना ।​
DerKrebs [107]

Answer:

Are Luke some good friends

Explanation:

In my heart

8 0
2 years ago
Last year, Michelson Manufacturing reported $10,250 of sales, $3,500 of operating costs other than depreciation, and $1,250 of d
svet-max [94.6K]

Answer:

c. -$435.00

The answer and procedures of the exercise are attached in a microsoft excel document.

Explanation:

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

6 0
2 years ago
Assuming that the term structure of interest rates is determined as posited by the pure expectations theory, which of the follow
Sidana [21]

Answer:

c. The maturity risk premium is assumed to be zero.

Explanation:

In the case when the term structure of the rate of interest would be measured via the pure expectations theory so here the maturity risk premium would be zero as under this theory it is assumed that the risk premium i.e. of the long term would be equivalent to the zero

Therefore the option c is correct

And, the rest of the options seems wrong

8 0
3 years ago
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