Determine the annual percentage yield, or the effective interest rate, for $1200 invested at 4.53 % over 11 years compounded daily. Round your answer to the nearest hundredth of a percent, if necessary.

Q: 22. A 182-day, $250,000 Treasury BIll originally Issued at 6.6% was sold at 5.9%, 82 days after It…

A: The selling price of the treasury bill will be the present value of the par value for the remaining…

Q: Ajax Corporation has hired Brad O'Brien as its new president. Terms included the company's agreeing…

A: Given: Payment = $18,600 Years = 10 Interest rate = 8% Number of days = 3,285

Q: 2 16 % Accumulate P9,000 for 30 days at (Use Ordinary Method) Select the correct response: P9,125…

A: Principal amount (P) = P 9,000 Interest rate (r) = 16 2/3% = 16.6666666666667% Period (n) = 30 Days

Q: Landon Wallin is an auto mechanic who wishes to start his own business. He will need $4000 to…

A: The PV annuity formula for monthly payment of loan is: PV=PMT×1-(1+i)-ni Here PV=4000 PMT=? n=60…

Q: 11. equipment loan for $20,000 down payment of 20 percent 12 percent APR for 30 months a. What is…

A: As mentioned,  Equipment Purchase Price = 20,000 Down Payment = 20% Down Payment = Down Payment % *…

Q: Suppose that $6,000 is invested in a 6-month CD with an APY of 1.8%. Complete parts (a) through (d)…

A: Annual Percentage Yield = APY = 1.8%Compound = n = 6 months = 2

Q: Ward is self-employed. Based on last year, his projected state and federal taxes for this year will…

A: Wards projected taxes for the year are=6000 Which he has to pay quarterly we have to calculate how…

Q: Interpret the following ageing schedule: Age of the receivable (days) Rupee value (in lakh)…

A: The ageing schedule can help a company to identify its accounts receivable in order of their due…

Q: At the end of March, account balances are: 190 Def. VAT: 20.000 TL. 191 Ded. VAT: 30.000 TL, 391…

A: VAT:-VAT stands for Value-added tax. It is considered as the consumption tax that is placed on a…

Q: Given Principal $10,000, Interest Rate 8%, Time 240 days (use ordinary interest)   Partial payments:…

A: Principal Value = $10,000 Interest Rate = 8% Assume number of days in year = 360  Interest Amount =…

Q: Given Principal $21, 000, Interest Rate 11%, Time 240 days (use ordinary interest) On 100th day,…

A: Given principal = $21000, Rate of interest = 11%, Time = 240 days First payment on 100th days, so…

Q: DiscountP9,000 for 9 months at a discount rate of 8%. A P8,460 B P6,740 © P 7,480 D P 8,670

A: Solution: Discount amount = P9,000*8%*9/12 = P540

Q: 10. The interest on a 30- a. $41.25 b. $38.96. c. $40.68 d. $42.63

A: Time = 30 Days = 1 month Amount = $5,500 Interest arte = 8.5%

Q: 12. What is the future value in 180 days of $200,000 deposited now at 9% p.a. simple interest?…

A: The concept of the time value of money states that due to the interest-earning capacity of money,…

Q: Find the interest rate on $1550 at 9.5% for 3 months Group of answer choices A. $36.1 B. $40.00 C.…

A: Assuming that the interest is compounded annually,

Q: FIND P AND A

A: Present Worth (P): It is the present value of the cash flows discounted at a specific interest…

Q: Complete the table:

A: Future value can be referred to as the value of an underlying asset or security at a future date.…

Q: The VAT amount (charged at 15%) included in R 684, amounts to: OA. R684 OB. R600 OC. R102.60 OD.…

A: Answer:- VAT meaning:- A value-added tax (VAT), is a sort of incremental tax. It is basically…

Q: Calculate the value where you find question mark “?". All values should be determined up to four…

A: PV stands for present value of money. It means the present value of the money which will be received…

Q: $5328 at 8% loan made on August 16 and due December 30. Find the interest

A: Simple Interest=P×r×twhere:P is the principal amount (the initial loan amount),r is the interest…

Q: Find the adjusted balance (principal) using the U.S. Rule (360 day) after the first payment

A: (Important Assumption: Since question does not mention the method of interest, it is assumed that it…

Q: Kevin has an annual salary of $41,795, and he earned $31.95 interest from his savings account. He…

A: Gross income is calculated as total income before subtracting any interests or taxes. Gross pay=Net…

Q: Pミキo, $10,000 n=? i =3% A= $1000

A: The present value of an annuity is the cash value of all future annuity payments, at a given…

Q: Given Principal $21, 000, Interest Rate 11%, Time 240 days (use ordinary interest) On 100th day,…

A: Data given: Let P= Principal = $21,000 r= Interest rate = 11% t= Time = 240 days Partial payment =…

Q: Suppose an investment earns 2.6% interest compounded continuously. Find the future value of a $3000…

A: We will compute the future value based on compounding interval.

Q: How much was the amount of the original loan? Regular Payment Rate of Compound Interest per Year…

A: Regular Payment amount is $1575 payable semi annually Rate of interest is 5.4% compounded…

Q: If P 8, 000.00  i s   t h e   p r e s e n t   v a l u e   o f  P 11, 000.00  d u e   a t   t h e   e…

A: The amount due at the end of the loan term is computed by adding the loan amount and the simple…

Q: What is the total mandatory contribution in a year? Choices: P1,615 P19,380 P25,000 P56,615

A: Answer: Any salaried person has its salary income taxable other than contribution  to SSS account,…

Q: What ran allov an mc

A: Range is computed as maximum value of a data set less minimum value.

Q: What is the present value of $250,000 received in 250 days at 12% p.a. simple interest? Select one:…

A: Future Value = $250,000  Time Period = 250 Days Interest Rate = 12%

Q: Question: A debenture of $100 each is issued at $90 per debenture. How much is the discount? A. $0…

A: Lets understand the basics. If debenture is issued for less than the face value of debenture then…