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san4es73 [151]
3 years ago
5

First National Bank charges 13.5 percent compounded monthly on its business loans. First United Bank charges 13.8 percent compou

nded semiannually. Calculate the EAR for First National Bank and First United Bank. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)
Business
1 answer:
Romashka-Z-Leto [24]3 years ago
7 0

Answer: 14.28%

Explanation:

Effective Annual Rate is the rate that takes the periodic rates and converts it to an annual rate if compounding the periodic rate was taken into account.

The formula is;

EAR = (1 + r/m)^m - 1

Where;

r is the Annual nominal rate of interest and,

m is Number of compounding periods in a year

EAR = ( 1 + 13.8/2)² - 1

= 1.142761 - 1

= 0.142761

= 14.28%

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What is traditionalist account? Give an example.​
horsena [70]

Answer:

in folklore, a narrative containing information about actual persons and events. Originating from the tales of eyewitnesses, the traditional account departs from its original factual basis when retold and becomes subject to free poetic interpretation.

7 0
2 years ago
What is a written plan of action, developed prior to executing a mission, which will improve your chances of successful evasion
olga nikolaevna [1]

Answer:

The correct answer is "Evasion plan of action"

Explanation:

The evasion plan of action (Epa) is used to predict the chances of succesful situations, actions and movements of the opposition. If you know it, you could generate an advantage.

5 0
3 years ago
Read 2 more answers
What are the continuing costs of this apartment? Security Deposit $1,000 Application Fee $25 First Month’s Rent $850 Electricity
vekshin1
Answer= $1025 monthly (continuing costs)

Security Deposit $1,000
Application Fee $25
First Month’s Rent $850 $850
Electricity $80 per month; 80
$40 to connect and $100 deposit
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a deposit of $50. ____
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6 0
3 years ago
You wish to earn a return of 13% on each of two stocks, X and Y. Stock X is expected to pay a dividend of $3 in the upcoming yea
Otrada [13]

Answer: D. will be less than the intrinsic value of stock Y

Explanation:

Based on the information given above, the intrinsic value of Stock X will be calculated thus:

D1 = Dividend in next year = $3

g = growth rate = 7%

r = = 13%

Therefore, intrinsic value of Stock X will be:

= D1 / (r-g)

= 3 / (13% - 7%)

= 3/6%

= 3 / 0.06

= $50

Therefore, the intrinsic value of stock X is $50.

Intrinsic value of Stock Y will b calculated thus:

D1 = $4

g = 7%

r = 13%

Intrinsic value of Stock Y will be:

= D1 / (r-g)

= 4 / (13% - 7%)

= 4/6%

= 4 / 0.06

= 66.67

Intrinsic value of Stock Y is $66.67

Therefore, the intrinsic value of Stock X will be less than the intrinsic value of Stock Y

8 0
3 years ago
Which of the following describe some of the trade-offs faced by a family deciding whether to buy a new car? Check all that apply
GaryK [48]

Answer:

The correct answer is letter "A" and "C": An increase in the family's car payment means the family will be unable to afford a vacation; A newer model offers better protection and functions but is more expensive than an older model.

Explanation:

Trade-offs are the result of comparing what must be acquired with what should be given up to satisfy most of a need. While selecting a new vehicle, a family must consider its capacity, size, and price. Besides, they will have to evaluate all the could be left behind for incurring such expenses like buying a new piece of furniture of use of most members of the family, remodeling part of the house or going on a family vacation.

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3 years ago
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