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julia-pushkina [17]
3 years ago
10

Southwestern Bank offers to lend you $50,000 at a nominal rate of 6.5%, compounded monthly. The loan (principal plus interest) m

ust be repaid at the end of the year. Woodburn Bank also offers to lend you the $50,000, but it will charge an annual rate of 7.0%, with no interest due until the end of the year. How much higher or lower is the effective annual rate charged by Woodburn versus the rate charged by Southwestern
Business
1 answer:
Mandarinka [93]3 years ago
7 0

Answer:

0.03%

Explanation:

Southwestern Bank

The Effective annual interest rate of Southwestern bank compounded monthly would be

First step

Calculation for the Effective annual rate of Riverside Bank:

rR = (1 + (0.065/12))^12 = 1.067

Second step

Calculation for the Effective annual rate of Midwest Bank:

rM = (1 + (0.07/1))^1 = 1.07

The effective annual rate of Midwest Bank is higher by :

(1.07 -1.067)

=0.003 % or 0.3%

Therefore the higher or lower is the effective annual rate charged by Woodburn versus the rate charged by Southwestern would be 0.03%

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A sample of gas occupies 575 ml at 1.50 atm and 125 degrees celsius. if temperature is changed to 20 degrees celsius and volume
Anastaziya [24]

A sample of gas occupies 575 ml at 1.50 atm and 125 degrees Celsius. If the temperature is changed to 20 degrees Celsius and the volume is changed to 0.300 L. The will be a new pressure at 2.12 atm.

Temperature is the measure of hotness or coldness expressed in phrases of any of numerous scales, including Fahrenheit and Celsius. Temperature shows the route wherein heat energy will spontaneously waft—i.e., from a hotter frame (one at a higher temperature) to a less warm body (one at a decreased temperature).

The common body temperature is ninety-eight.6 F (37 C). however normal frame temperature can vary between ninety-seven F (36.1 C) and 99 F (37.2 C) or more. Your frame temperature can range depending on how active you are or the time of day.

The heat of an item is the entire strength of all of the molecular motion interior of that item. Temperature is the degree of the thermal energy or average warmth of the molecules in a substance. SI Unit

V₁ = 0.575L

P₁ =1. So atm.

T₁ =125 + 273=398 k

√2 =0.300 L

P₂ =?

T₂ = 20 +273= 293K

P1XV 1=T2

1.50 X 0.575 lit=398 K

P2 x 0.300 lit =293K

1-50 atm x 293KX 0.575 lit

0. 300 lit X 396 K

P₂ =2.1165 atm

Learn more about temperature  here brainly.com/question/24746268

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All of the following are career pathways for Finance except: A. operations management B. accounting C. banking services D. Insur
Nataly_w [17]

operations management

7 0
3 years ago
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When an industry is a natural monopoly:
Margaret [11]

Answer:

The answer is D a larger number of firms will lead to a higher average cost

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podryga [215]

Answer:

See explanation below.

Explanation:

1. Equity: the value of a property above any loans that are owed.

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3. Finance: a legal agreement to borrow money for the purchase of a home.

4. Mortgage: a legal agreement allowing a person to use a car or property for a payment.

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During February 2018 its first month of operations, the stockholders of Bonita Enterprises invested cash of $49500. Bonita had c
hichkok12 [17]

The balance in Cash at February 28 = $44900

<u>Explanation:</u>

Given:  

Cash invested by stockholders of Bonita Enterprises = $49500

Cash revenues of Bonita = $10100

Expenses paid by Bonita = $14700

Calculation of balance in cash as follows:

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Hence the correct answer is $44900

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