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kvv77 [185]
3 years ago
15

What monthly rate of interest will yield an annual effective rate of interest of 14%?

Business
1 answer:
Zepler [3.9K]3 years ago
7 0

Answer: 1.1%

Explanation:

The effective annual interest rate is simply defined as the real return that is given on a savings account or any other form of investment that is interest paying which takes into consideration the effects of time compounding.

Based on the scenario in the question, the monthly rate of interest will yield an annual effective rate of interest of 14% will be:

= [(1.14)^1/12] - 1

= 1.01098 - 1

= 0.01098

= 1.1% approximately

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Answer:

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When one party offers another party and after some time the offer maker withdraws the offer by communicating that they had revoked then the offer is no more available to the other party and is often termed as Revocation. So when the offer maker revokes before the acceptance of the offer by the other party then their is no offer at consideration to the other party, which means if there is no offer then their can not be an acceptance of an offer and of course when there is no acceptance then there is no contract.

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Answer:

a.$4,704

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Name and describe three ways that companies can benefit from being ethical.
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The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of $1,470,000, $154,000 in the common stock account
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The cash flow to creditors during 2014 was $139000,the amount by which net working capital investment has reduced.

The stockholders invested $241,000 more into the business

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Net working capital investment denotes the amount of cash the company parted with in 2014 in financing its current obligations.

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Common stock account increased by $10000($164000-$154000)

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The gives $400000 cash from stockholders minus dividends of $159000

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Reduction in net working capital $139000

Operating cash flow                     $240000

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