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
lesya692 [45]
3 years ago
15

You are currently earning 12% (APR) compounded semiannually. Your investment company is switching all accounts to daily compound

ing. What rate will give you the same effective annual rate of return as you are receiving now
Business
1 answer:
Sav [38]3 years ago
6 0

Answer:

The rate that will give the same effective annual rate of return is 0.033%.

Explanation:

a) Data and Calculations:

APR = 12%

Semi-annual compound rate = 6% (12/2)

Assumed calendar days in a year = 360 days

Effective daily rate of return = 12%/360 = 0.033%

b) The conversion of semi-annual compounding to daily compounding results in reduced rate of return.  In this case, we assume that there are 360 days in a year.  Since the APR = 12%, it means that the daily rate of return will be 12%/360, which is 0.033%.

You might be interested in
How you can predict the way your current health decisions will affect your health in the future?
daser333 [38]
In my case, I know from experience and heredity that for example my father died of a second heart attack at least partly because of his high cholesterol. The high cholesterol was related to his high metabolism so that he ate a lot of eggs and bacon when young so that probably produced a lot of bad cholesterol. Myself I also have a tendency to high cholesterol and was warned by my dad's doctor to watch it so consequently I mostly avoid dairy products and egg yolk and beef (red meat) and am mostly able to control it that way with diet so haven't had a heart attack yet.
7 0
3 years ago
Octavia has received an email from a customer asking her a question about a product unfortunately Octavia doesn't know the answe
Gwar [14]

Octavia should tell the customer that she doesn’t know the answer right now, but she will try to figure it out as soon as possible, and it may take a few days.

Another great option is for Octavia to ask a coworker right away who may know the answer to the question.

6 0
3 years ago
Read 2 more answers
Seth appears to be taken aback by the number of files on his desk and his coworker’s comments about his boss. This reaction depi
ycow [4]

Answer:

ENCOUNTER

Explanation:

Seth appears to be taken aback by the number of files on his desk and his coworker’s comments about his boss. This reaction depicts the Encounter stage of the socialization process.

4 0
3 years ago
-8/3 + 7/2 =?<br><br>por favor ayúdenme.​
Triss [41]

Answer:

-5/6

Explanation:

Fist find the common denominators of the two

-  \frac{16}{6}  +  \frac{21}{6}

Then you that minus sign in front of the fraction that means its negative

although theres an addition sign where subtracting fractions.

given it's in this order the fraction will be negative

-  \frac{16}{6}  +  \frac{21}{6}  =  - \frac{5}{6}

:D

6 0
3 years ago
Constructive feedback offers criticism that _________.
Ludmilka [50]
Intends to create opportunities for performance and communication improvement makes the most sense to me
4 0
3 years ago
Read 2 more answers
Other questions:
  • Walmart and procter &amp; gamble effectively implemented ________, which allowed for information to flow directly from walmart's
    6·1 answer
  • Which of the following best explains what happens when a currency is pegged to the U.S. dollar? A. The U.S. Treasury gets to det
    9·1 answer
  • General motors, in order to achieve a 15 to 20 percent profit on its investment, prices its automobiles accordingly. this approa
    13·1 answer
  • Price discrimination Question 29 options:
    14·1 answer
  • Otion Inc. is a relatively new firm in the consumer electronics industry. The company's primary objective is to become the marke
    6·1 answer
  • Which is the largest item in discretionary spending?
    11·1 answer
  • The following data have been recorded for recently completed Job 450 on its job cost sheet. Direct materials cost was $3,044. A
    6·1 answer
  • The ________ the cost of a home, the ________ the insurance. A higher; higher B higher; lower C lower; higher D none of the abov
    9·1 answer
  • An externality is a benefit or cost associated with an activity that accrues to some third party who is not a direct participant
    12·1 answer
  • heliot company operates its business in state h, which levies a 6 percent sales and use tax. this year, heliot purchased a $600,
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!