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
Kaylis [27]
3 years ago
10

If the nominal annual interest rate is 12% compounded quarterly, what is the effective annual interest rate?

Business
1 answer:
irina1246 [14]3 years ago
5 0

Answer:

the effective annual interest rate is 12.55 %

Explanation:

The computation of the effective annual interest rate is shown below:

Effective annual interest rate is calculated by using the following formula

= {(1 + interest  ÷ number of compounding period)^number of compounding period} - 1

= (1 + .12 ÷ 4)^4-1

= (1.03)^4 - 1

r = 1.1255 - 1

r=.1255

hence, the effective annual interest rate is 12.55 %

You might be interested in
A Subaru representative has a solid relationship with Phil, a satisfied customer. Phil loves Subaru and will not accept anything
Hitman42 [59]

Answer:

D. Value of referrals

Explanation:

6 0
3 years ago
Donna, the office manager, spends a large part of her day working closely with those whom she supervises to successfully accompl
Ber [7]

Answer: human managerial skill

Explanation: These skills refers to the ability of a manager to relate, interact with his or her subordinates effectively. These are considered as an important trait in managers as per modern business environment.

     In the given case, Donna works closely with her subordinates as well as with other departments and get better results. Therefore, we can conclude that she is exhibiting human relations skills as she considers the comfort of others and tries to maintain healthy relationships with them.

3 0
3 years ago
A performance audit engagement typically involves: a. Review of financial statement information, including the appropriateness o
zysi [14]

Answer:

The correct answer is c. Appraisal of the environment and comparison against established criteria.

Explanation:

Performance audit is defined as a systematic, multidisciplinary, independent and objective review of the operation, programs and projects carried out by an organization and focuses mainly on evaluation to determine if its management has performed in terms of economy, efficiency and effectiveness.

The performance audit emphasizes how the different areas of a company have impacted the target market with their actions, considering the relevant results and real progress in achieving the objectives and goals.

Among its main technical tools we can distinguish the matrix of results indicators, which allows to efficiently link the objectives of the company and the results expected to be obtained in each of them, as well as the measurement indexes necessary for its monitoring and evaluation.

8 0
3 years ago
Investing in stocks and bonds is risky because it is possible to lose all or part of your principal.
Aneli [31]

It's true investing in stocks and bonds is risky because it is possible to lose all or part of your principal.

Investors are unlikely to demand the same returns on their stock investments year after year. Market yields can be expressed as the sum of government bond yields and market risk premiums.

Yes. If you sell bonds before their maturity date, you may incur a loss as the sale price may be lower than the purchase price. Also, if an investor purchases a bond and the company faces financial difficulties, the company may not be able to return all or part of the original investment to the bondholders.

Learn more about bonds at

brainly.com/question/25965295

#SPJ4

8 0
2 years ago
Under what circumstances might stockholders be displeased with a corporation's performance?
Minchanka [31]
I would say the shareholders could disapprove of the performance of their company if it was to consistently to lose money over say several quarters with no signs of improvement or no encouragement by management that this was a temporary situation,
6 0
3 years ago
Other questions:
  • Which change should be made to the above cover letter excerpt before sending it to an employer? a. The author should to remove “
    5·2 answers
  • Ballard Company uses the perpetual inventory system. The company purchased $16,000 of merchandise from Andes Company under the t
    14·1 answer
  • Which of the following are criteria for determining whether to record an asset as a fixed asset?
    5·1 answer
  • The demand by all the consumers of a given good or service is the ________ for the good or service.
    9·1 answer
  • "Choose a product that is important to you personally. How could a manufacturer imple- ment the critical success factors you ide
    12·1 answer
  • If the circular flow model shows that if the government hands out a tax cut, what should happen with the money?
    7·1 answer
  • HOW do you complete a check register?
    6·1 answer
  • Miller Company is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures were $
    15·1 answer
  • The following financial statement information is available for Houser Corporation: 2012 2011 Inventory $ 44,000 $ 43,000 Current
    8·1 answer
  • On January 1, 2021, Tropical Paradise borrows $50,000 by agreeing to a 6%, six-year note with the bank. The funds will be used t
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!