1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Suppose NanoSpeck, a biotechnology firm, is selling stocks to raise money for a new lab—a practice known as finance. Buying a sh
marishachu [46]

Answer: Bond holders                                          

                 

Explanation: In simple words, bondholders refers to the creditors of the organisation. The holders of the bond are not the owners as they are paid fixed interest and are not able to participate in the decision making of the company.

In the event of liquidation, bondholders are paid first because it is assumed that the decision makers should be punished for the liquidation and hence they should be paid at last.

5 0
3 years ago
In 2019, Carson is claimed as a dependent on his parents' tax return. Carson's parents provided most of his support. What is Car
lana [24]

The tax laibility as calculated is $1036.

<u>Explanation:</u>

a.)  Carson earnings  $14000

Less: the Standard deduction  $12000

Taxable income  $2000  

Tax liability  $200

b.)  Carson earnings  $14000

Qualified dividend income  $5000

Gross income  $19000

less: Standard deduction  $12000

Taxable income  $7000

Taxable income taxed at carson rate  $2000

($7000 minus $5000)  

           Ordinary Tax  $200

Kiddie Tax is calculated as follows:  

Gross unearned income  

unearned income                             $5000

Kiddie tax up to 2600                          $260

Kiddie tax for over and above 2600  $576

                                                                     $836  

Total tax liability ($200 plus $836)           $1036

 

7 0
3 years ago
_____ are all sponsored domain name extensions.<br> .com<br> .mobi<br> .gov<br> .edu
alexgriva [62]
The answer is .com..........
4 0
3 years ago
Read 2 more answers
Robert must send an e-mail message to a client in Turkey. He is carefully selecting his words to ensure that his Turkish client,
Anastaziya [24]

Answer:

Message encoding.

Explanation:

Communication can be defined as the process of conveying information from one person or location to another. Communication can also be described as the transmission of messages through signs, pictorial representation, verbal means.

Encoding can be defined as the process in which an idea is transformed in a communicable message and then transmitted through various channels such as television, radio, internet.

Message encoding involves sending messages to the receiver in comprehensible words.

3 0
3 years ago
in a ____, a strategic manager can condense the strenght, weakness, opportunities, and threats into fewer than 10 strategic fact
luda_lava [24]

Answer:

Strategic Factors Analysis Summary (SFAS) Matrix

Explanation:

4 0
3 years ago
Other questions:
  • When janice went to work as a hair stylist in rick's beauty shop, she entered into an agreement with rick whereby if she left sh
    8·1 answer
  • JLK is a partnership that was formed two years ago for the purpose of creating new fad items and distributing them directly to c
    10·1 answer
  • After completing chemical detoxification and a 12-step program to treat crack addiction, a client is being prepared for discharg
    14·1 answer
  • The constant dividend growth model: a. is more complex than the differential growth model. b. requires the growth period be limi
    9·1 answer
  • All of the following will help you safely cool foods EXCEPT:
    11·1 answer
  • High-Low Method
    5·1 answer
  • Hi, I need a catchy slogan for my business project my business is about sewing so please if you can include something using that
    10·2 answers
  • A company is considering dropping a product line. What costs would be relevant to the decision? What costs would be irrelevant?
    14·1 answer
  • Should P&amp;G have more or fewer marketing and advertising agencies doing its advertising?
    6·1 answer
  • A low credit score can lead too?
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!