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Author Question: Shylock Bank offers a savings account with a nominal rate of 9 and quarterly compounding. What is ... (Read 54 times)

ahriuashd

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on: Jul 10, 2018
Shylock Bank offers a savings account with a nominal rate of 9 and quarterly compounding. What is the effective rate of the account?
 
  A) 9.31
  B) 9.00
  C) 9.20
  D) 9.42
  E) 8.63

Question 2

Which of the following sources of short-term financing is likely to have the lowest interest rate?
 
  A) commercial paper
  B) accounts receivable loan (pledging of accounts receivable)
  C) line of credit
  D) line of credit with a compensating balance


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ju

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Reply #1 on: Jul 10, 2018
Answer to Question 1

A

Answer to Question 2

A


ahriuashd

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Reply 2 on: Jul 10, 2018
Thanks for the timely response, appreciate it

adammoses97

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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