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
Anastasy [175]
3 years ago
7

An investor can invest money with a particular bank and earn a stated interest rate of 4.40%; however, interest will be compound

ed quarterly. What are the nominal, periodic, and effective interest rates for this investment opportunity? Interest Rates Nominal rate Periodic rate Effective annual rate
Business
1 answer:
zhannawk [14.2K]3 years ago
7 0

Answer:

Nominal rate is 4.4%

Periodic rate is 1.1%

Effective rate is 4.5%

Explanation:

Bank offer the the nominal interest rate to their customer which already includes the inflation effect, so the stated rate is the nominal rate on the investment.

Nominal Interest rate = 4.4%

Interest rate that is calculated for a specific period from an annual rate is periodic interest rate.

Periodic interest rate (Quarterly) = 4.4% x 3 /12 = 1.1%

Effective Interest rate is the actual rate of return that an investor receives including compounding effect. It is expressed in annual term.

Effective Interest rate = ( 1 + 1.1% )^4 - 1 = 4.5%

You might be interested in
How is government in the United States today different from government in ancient Athens? O The United States is a direct democr
ohaa [14]

Answer: c

Explanation:

7 0
3 years ago
Quiz Instructions
Reil [10]

Answer:

The price of alternatives or substitutes

Reason: When there are alternatives or substitutes, this means that the consumer can then get better options.

3 0
3 years ago
Marigold Corp. had 1,000,000 shares of common stock issued and outstanding at December 31, 2017. On July 1, 2018 an additional 1
neonofarm [45]

Answer:

1,573,000 shares

Explanation:

The computation of the shares computing diluted earnings per share for 2018 is shown below:

= 1,000,000 shares × 6 months ÷ 12 months + 2,000,000 shares × 6 months ÷ 12 months + [($28 - $21) ÷ 28 ] × 292,000 shares

= 500,000 shares + 1,000,000 shares + 73,000 shares

= 1,573,000 shares

The 2,000,000 shares is come from

= 1,000,000 shares + 1,000,000 shares

= 2,000,000 shares

4 0
3 years ago
Market researchers for a local bakery determined that Jewish people consume 63% of the portion of bagels sold in New York City.
Anon25 [30]

Answer:

Subcultural

Explanation:

Consumer behaviour refers to how individuals make decisions on ways to spend their available resources, time, money, and effort on variety of items.

A society is composed of several sub-cultures in which iindividuals can identify themselves. A Subculture is a group of people within a culture who are different from the dominant culture but have something in common with one another such as common interests, religions, ethnic backgrounds.

Culture is considered an external factor that influences consumer behavior. Since different cultures have different values, they will have different buying habits. A typical example is the Jewish people that purchase about 63% of bagels that is sold in New York City.

7 0
3 years ago
U.S. imports are​ _____ produced in​ _____ and sold in​ _____. A. goods and​ services; any other​ country; the United States B.
maks197457 [2]

Answer:

The correct answer is option A.

Explanation:

US imports refer to the goods and services that are produced in some countries other than the US. These goods are then sold in the US. The imports for the US are exports for the country that is producing those goods and services.

While the goods and services that are produced in the US and sold in some other country are exports for the US and imports for the purchasing country.

6 0
3 years ago
Other questions:
  • Forest Components makes aircraft parts. The following transactions occurred in July:
    15·2 answers
  • Which of the following factors would be most likely to lead to an increase in nominal interest rates?
    5·1 answer
  • Why is it important to match case subjects and control subjects so closely in a case-control study?
    10·1 answer
  • "Inflation tax" means that: A) as the price level rises, taxpayers are pushed into higher tax brackets. B) as the price level ri
    15·1 answer
  • Cognitive dissonance theory" is most helpful for understanding the impact of:_________. 1. central route persuasion on decision
    6·2 answers
  • Cliff Company traded in an old truck for a new one. The old truck had a cost of $75,000 and accumulated depreciation of $60,000.
    6·1 answer
  • Plaza Realty's statement of cash flows shows that during 2014, it had a net investing cash inflow of $20,000; a net financing ou
    15·1 answer
  • Mike is an architect. He is hired by Revoltin' Development Company to design a new office building. The most important factor in
    12·1 answer
  • The conversion rate is restated for all stock dividends and splits. Coffee had the following stock transactions in 2005 and 2006
    8·1 answer
  • An _________________ is calculated by subtracting the firm's costs from its total revenues, _______________________. Group of an
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!