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spayn [35]
3 years ago
10

What interest rate, compounded semiannually, results in an annual effective rate of 6%? Input your answer as a percentage

Business
1 answer:
Scilla [17]3 years ago
7 0

The semi-annual rate of interest is 5.91%.

Given that,

  • The annual rate of interest is 6%.

The following formula should be used:

= (((Effective annual rate of interest + 1)^(1 ÷ number of compounding)) - 1)× number of compounding

= (((0.06 + 1)^(1 ÷ 2)) - 1)×2

= 0.0591

= 5.91%

Therefore we can conclude that the semi-annual rate of interest is 5.91%.

Learn more about the rate of interest here: brainly.com/question/13324776

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The marginal cost of Alexa's Guide to Street People and Their Pets is constant at $5. Alexa sells 5,000 copies per year at $20 p
ch4aika [34]

Answer:

She must sell 7,500  copies to mantain the profits when price changes to $15.

Explanation:

  • Let's start with a definition of profit or benefit: Benefit=(Price-Cost)\times{Quantity}
  • At the beggining, she obtained a profit of $75,000: She sold 5,000 copies, and she got $20-$5=$15 dollars for each of the 5,000. units sold, which means a benefit of 15\times5,000=75,000 dollars.
  • Then, if she wants to keep the $75,000 profits when prices falls to $15, she must sell more copies:75,000=(15-5)\times{NewQuantity}. Then, the quantity she must sell to mantain the profit constant at $75,000 is New quantity=7,500.
3 0
4 years ago
Which costs are paid by the loan application fee?
Vedmedyk [2.9K]

Answer:

Loan application fees can be required for all types of loans and are intended to pay for the costs of the process of loan approval

Explanation:

7 0
3 years ago
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George's Chemicals allocates overhead based on machine hours. Selected data for the most recent year follow. Estimated manufactu
ale4655 [162]

Answer:

$256,284

Explanation:

The computation is shown below:

First, Calculate the predetermined overhead rate per hour which equals to

=  (Estimated manufacturing Overhead cost ÷ estimated machine hours)  

= ($235,900 ÷ 20,800 hours)

= $11.34 per hour

So, the applied overhead or manufacturing overhead allocated equals to

=  Predetermined overhead rate per hour × actual machine hours

= $11.34 per hour × 22,600 hours

= $256,284

4 0
3 years ago
Green et al.​ (2005) estimate that the demand elasticity is minus0.47 and the​ long-run supply elasticity is 12.0 for almonds. T
Ronch [10]

Answer:

The numeric response for the question using real numbers rounded to one decimal​ place is given as below.

Explanation:

Tax incidence for almonds is (12 / (12 + 0.47)) = 0.96

for cotton (0.73 / (0.73 + 0.68)) = 0.52 and

for processing tomatoes is (0.64 / (0.64 + 0.26)) = 0.71

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3 years ago
A(n) ____ activity is one that happens on a regular basis.
astra-53 [7]
A recurring activity is one that happens on a regular basis. These activities usually are very similar and refer to the same thing and objective. Recurring activities that an organization carries out in order to enhance its efficiency and its ability to meet requirements can lead to c<span>ontinual improvement.
</span>

6 0
3 years ago
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