The following annual data pertains to National Co.: Financial breakeven point 519,000 Preferred dividends 225,000 Tax rate 40%

Q: Can you show the steps specifically on how you got the quarterly interest rate. Instead of just the…

A: The use of rate function in excel is a prominent way to estimate accurate interest rate of a loan…

Q: What nominal annual discount rate compounded semiannually is equivalent to a nominal rate of…

A: Nominal Interest Rate: When the market inflation is not taken into consideration while computing the…

Q: What is the difference between computing interest at a nominal annual rate of interest and computing…

A: The interest rate which is taken into account before considering inflation is called the nominal…

Q: Explain the meaning of a 20% annual percentage rate (APR) quotedby the credit c.ird company? And how…

A: Answer: Annual percentage rate (APR) applies to the interest rate charged annually to borrowers and…

Q: If interest on a savings account is compounded semiannually, the effective rate of interest will…

A: In nominal interest is like simple interest but there is no compounding , in simple interest there…

Q: If the payments are monthly how would you set up the present value?

A: The concept of present value asserts that a sum of money today is worth more than the same sum in…

Q: What interest rate, compounded monthly, is equivalent to a 10.04% effective interest rate?

A: Effective interest rate : In simple words, the actual rate of return that an individual receives…

Q: What is the monthly interest rate if an annual rate is 13.4%? The monthly interest rate is %. (Type…

A: Given: Annual rate = 13.4%

Q: American Express and other credit card issuers must by law print the Annual Percentage Rate (APR) on…

A: When the benefits of compounding over time are taken into account, an effective annual interest rate…

Q: Q7-3. If interest is compounded more than once a year, will the effective interest rate be higher…

A: Let the nominal interest rate = r Compounding frequency = m

Q: Раyment (4.34% paid Раymer paid (2.74% interest) interest) $29,000 automobile with 10% deposit Total…

A: Cost of automobile = $29,000 where  There is a deposit of 10% or $12,000 Assumed: Loan is taken for…

Q: f the interest is compounded monthly then m is equal to?

A: Compound Interest Compound Interest refers to the interest generated on principal as well as on the…

Q: site, find another.) Type in a nome price of $300,000. Leaving all other entries as they are, enter…

A: “Hi There, thanks for posting the question. But as per Q&A guidelines, we must answer the first…

Q: What effective annual rate can a bank earn on an APR of 10.5 percent, compounded monthly? Can the…

A: Given information: Annual percentage rate : 10.5% Compounding frequency : 12

Q: what simple interest rate is equivalent to 1% compounded quarterly

A: Simple interest rate is the rate which does not compound means under this rate there is no concept…

Q: What is the equivalent effective rate of minal rate is 14.5%?

A: Nominal interest rate is interest rate without the impact of compounding but effective interest rate…

Q: American Express and other credit card issuers must by law print the Annual Percentage Rate (APR) on…

A: Information given : Annual Percentage Rate (APR) = 15.75% = 0.1575 Compounding frequency = Monthly…

Q: Determine the effective rate of interest of the following nominal rates. a. nominal rates…

A: Effective interest rate formula  When Compounded annually and quarterly (1+r/n) n - 1  r= nominal…

Q: What is the equivalent effective rate of interest compounded quarterly if the ne is 19.5%? O 20.97%

A: Effective rate is interest rate after considering the effect of the compounding and while nominal…

Q: Which of the following statements regarding the interest rates is correct? I As a result of…

A: The correct option is c) I and II only.

Q: what nominal rate of interest compounded monthly is equivalent to 12% per annum compounded…

A: The nominal rate of interest is the rate of interest that is considered before taking inflation.

Q: What is the annual effective interest rate equivalent to a nominal rate of 12 percent a year? Yanıt:

A: The effective rate of interest is an important technique in the case of multi-period compounding. If…

Q: How much do eight P 41,141 quarterly payments amount at present, if the interest rate is 4…

A: The present value is the value of the sum received at time 0 or the current period. It is the value…

Q: Suppose your credit card issuer states that it charges a 17.00% nominal annual rate, but you must…

A: When the borrower borrows a loan from the lender, he has to pay a rate of interest on the borrowed…

Q: monthly

A: I would borrow a loan that is amortized quarterly.   The reason for this is based on the principles…

Q: What is the total amount you will pay if you do not pay the loan within the term and meet all the…

A: Step 1:Given: Loan amount = $5400Period of loan = 72 monthsFinal loan amount = $6965.35Interest is…

Q: Suppose that a savings account pays an effective rate of interest of 11.7 percent. What is the…

A: Equivalent Annual Compound Interest rate is the Actual rate of return calculated after compounding…

Q: Consider the following income statement for WatchoverU Savings Inc. (in millions): (LG 19-1)…

A: Net interest income is the variation between the interest revenue gaining assets and interest…

Q: The (blank) interest rate is referred to as APR and the (blank) interest rate is the true rate…

A: Effective rate ( EAR) FORMULA: EAR =1+APRMM-1M = frequency of compounding

Q: Monthly interest rate?

A: Monthly interest rate is the interest charged on the unpaid balance of credit card.

Q: What is the rate of interest per interest period if the nominal rate of interest is 25% compounded…

A: nominal rate of interest = 25% Compounded monthly No. of period = 12

Q: What is the monthly car payment on a 2 year $19,500 car loan at 7.5% annual interest?

A: In the given question we need to compute the monthly payment on car loan given that: Loan Amount…

Q: What are the Effects of Maturity on Monthly Payments on Fully Amortizing Loans?

A: In fully amortized loan, total loan will be paid off by end of maturity i.e. loan term. Monthly…

Q: If a bank compounds savings accounts monthly, the effective annual rate is greater than the nominal…

A: Nominal rate is the rate mentioned in the loan term or loan agreement. Hence nominal rate is the…

Q: Monthly payment of loan b, rounded to the nearest cent

A: Monthly payment for the loan is the amount paid for loan over a time.

Q: Master Card and other credit card issuers must by law print the Annual Percentage Rate on their…

A: Effective annual rate(EAR) measures the annual percentage rate over a period of time after giving…

Q: 1. suppose that you have the capacity to pay, would you rather borrow a loan that is amortized…

A:

Q: Calculating Real Rates of Return IfTreasury bills are currently paying 4.7 percent and the inflation…

A: Real rate of return refers to the return after the adjustment of the inflation rate.

Q: A commercial bank offers you a credit card with an annual percentage rate APR = 9%, compounding…

A: Annual Percentage rate = APR = 9%Compound = n = Monthly = 12

Q: What is the monthly house payment on a 10 year $210,000 mortgage at 7% annual interest?

A: In the above problem we needs to calculate the monthly payment on mortgage of $210000

Q: If you were given a choice of investing in an account that paid quarterly interest and one that paid…

A: Effective annual rate is the actual rate an investment generates after taking all the compounding…

Q: The true rate of interest charged for a loan is called the​ ________ percentage rate.

A: Interest rates apply to the majority of loan and borrowing activities. People take out loans to pay…

Q: A firm charges its credit customers 1.67% interest per month. What is the effective interest rate?

A: Effective interest rate is the real return on savings account. It is given as: R = 1+inn-1

Q: Express the term Effective interest rate per payment period, quarterly payments with weekly…

A: The term Effective interest rate per payment period  is the interest rate that is computed for…

Q: The amount of simple interest on a deposit varies jointly with the principal and the time in days.…

A: The simple interest can be calculated with the help of simple interest function