All categories

3 years ago

what is the effective interest rate of a simple discount note of 8000 at an ordinary bank discount rate of 11%, for 120 days?

Business

1 answer:

Westkost [7]3 years ago

8 0

Answer:

11.41%

Explanation:

Discount rate = 11%, M = 120 days = 3 month

Effective rate = [(1 + 11% / 3)^3] - 1

Effective rate = [(1 + 0.11/3)^3] - 1

Effective rate = [(1 + 0.0366667)^3] - 1

Effective rate = [(1.0366667)^3] - 1

Effective rate = 1.1140827371 - 1

Effective rate = 0.1140827371

Effective rate = 11.40827371%

Effective rate = 11.41%

You might be interested in

On january 2, 2017, orange corporation purchased equipment for $300,000 with an ads recovery period of 10 years and a macrs usef

Roman55 [17]

Decrease $49,605
could you mark brainliest please?

5 0

3 years ago

Ignatius Inc., a lock manufacturer, is a part of a national program in which employers encourage disabled workers to work with e

hjlf

Answer:

The correct answer is "assistive technology"

Explanation:

The term Assistive technology refers to any piece of equipment, software program, or product used to increase or improve the functional capabilities of persons.

6 0

3 years ago

A homeowner from State A hired a contractor from State B to build a vacation home for her in State C. The parties signe

scZoUnD [109]

The following facts is most relevant to the court's decision on the homeowner's motion : The contractor removed the case to the federal court for State A.

INTERPRETATION-

The commencement of the action in State A is most relevant. When a case is removed from state court to federal court, venue is set in the federal district court that embraces the state court in which the action was pending, making the federal district court of State A the only appropriate venue choice.

Thus, (C) is the correct answer because the most (indeed, only) relevant fact is the fact that the action was commenced in a court of State A.

In answer choice (B)

Unlike cases commenced in federal court, in cases removed to federal court, the residence of the defendant contractor.

In answer choices (A) and (D)

The place where a substantial part of events relating to the claim occurred are irrelevant.

Therefore we can conclude that the correct choice is C.

Your question is incomplete, but most probably your full question was:

A homeowner from State A hired a contractor from State B to build a vacation home for her in State C:

A. The parties signed the contract in State A.

B. The contractor breached the contract, and the homeowner sued the contractor in a court of State A, seeking damages of $100,000.

C. The contractor removed the case to the federal court for State A.

D. The homeowner promptly moved to remand the case to state court, arguing that venue was improper.

Which of the following facts is most relevant to the court's decision on the homeowner's motion?

Learn more about Federal Court's Decision on:

brainly.com/question/10051092

#SPJ4

5 0

2 years ago

The making of the movie Waterworld cost a total of $180 million. It generated a total of $130 million in revenues. $70 million w

slava [35]

Answer:

Losses for the producers of Waterworld, if they finished the movie would be $50 million. If they did not finish the movie, losses would be $130 million.

Explanation:

This is because, the difference between all their expenses in making the movie and the revenue generated is actually $50 million. This happens to be their losses while on the other-hand, if they didn't finish making the movie, it would be $130 million (aside the cost spent in finishing the movie after rebuilding the set)

5 0

3 years ago

Explain the roles of monetary and fiscal policy in causing and ending hyperinflation.

german

Answer:

Explanation:

Hyperinflation occurs when the prices of goods and services increases very rapidly. This situation is stirred up when the federal government in a country prints more money in order to finance their fiscal budget, this leads to increase in price coupled with inflation, this is as a result of increase in the supply of money.

The government is supposed to secure the supply of money in order to reduce inflation instead of printing more money. Consumers that understands what this means anticipates increase in price, this makes them buy more before the eventual increase in price.

Note that during hyperinflation debtors benefits, because their debt becomes worthless due to increase in price.

3 0

3 years ago