Answer:
17.5%
Explanation:
Effective annual rate is a yearly rate of return which includes the compounding effect. APR is the simple rate of return which is being paid on the principal amount that is being invested.
Formula for Effective Interest rate
EAR = ( 1 + APR/n )^n -1
0.18974 = ( 1 + APR/12 )^12 -1
0.18974 + 1 = ( 1 + APR/12 )^12
1.18974 = ( 1 + APR/12 )^12
(1.18974)1/12 = (( 1 + APR/12 )^12 )1/12
1.0146 = 1 + APR/12
1.0146 - 1 = APR / 12
0.0146 = APR / 12
APR = 0.0146 x 12
APR = 0.175 = 17.5%
Answer:
The correct option is A,can be converted into cash with low transaction costs.
Explanation:
Secondary reserves are the funds invested by bank in short term highly liquid investments,in essence can be converted to cash quickly at very low transaction costs in order to settle unexpected obligations.
Secondary reserves refer to the extra reserves maintained by the banks over and above the minimum regulatory reserve requirement mandated on banks by the Federal Reserve System.The Federal Reserve System as it is popularly known is the central bank in the US.
Answer: I dont know how to solve it i'm sorry -_-
Explanation:
MArket research analysts require good mathematical skills to analyze data and statistics.
Usually editors make more money than copywriters because editors usually oversee copywriters.
Graphic designers can work in a variety of fields, not just advertising and marketing.
Answer:
When the company gets cash from a bank loan,
Cash Debits
Bank Loan Account Credits
what happens is that the Assets increase and the Liabilities also increase.
Explanation:
