The effective interest rate is calculated through the equation,
ieff = (1 + i/r)^r - 1
where ieff is the effective interest, i is the nominal interest, and r is the number of 15 weeks in a year. Every year, there are 52 weeks. Thus, there are 3.467 15-weeks approximately. Substituting this into the equation,
ieff = (1 + 0.04/3.467)^3.467 - 1
ieff = 0.04057
ieff = 4.057%
ROSE GREENHOW was instrumental in giving important information to the confederacy just before the second battle of bull run.
She was a socialite before the war. She became a Confederate spy during the American Civil War.
Answer:
a framing bias.
Explanation:
given data
necklace he liked = $139
pearl necklace originally = $173.75
sale for = 20% off
reduced the price = $139
solution
- Rodrigo is subject to readymade bias. This bias refers to how people’s decisions affect situations, words, or settings. Although both stores have the same price, Pearl’s own stores create a relative factor
- It showed a high base price and a 20% discount, which made Rodrigo feel like he was making a deal, so he was more inclined to buy the necklace and not at the Murphy jewelry store.
Answer:
Present value
Future value
Explanation:
Present value is the value of cashflows discounted at interest rate at arrive at its value today.
Future value is the value of cashflows discounted at interest rate at arrive at its value at some given time in the future.
I hope my answer helps you
