« previous next »

Author Question: Shylock Bank offers a savings account with an effective interest rate of 15 and weekly compounding. ... (Read 347 times)

09madisonrousseau09

  • Hero Member
  • *****
  • Posts: 559
on: Jul 10, 2018
Shylock Bank offers a savings account with an effective interest rate of 15 and weekly compounding. What is the nominal rate (APR) on the account?
 
  A) 14.00
  B) 16.16
  C) 14.05
  D) 16.08
  E) 15.00

Question 2

Strategies to counter exchange rate risk include all of the following EXCEPT
 
  A) forward-market hedges. B) spot-market hedges.
  C) futures contracts. D) money-market hedges.


orangecrush

  • Sr. Member
  • ****
  • Posts: 350
Reply #1 on: Jul 10, 2018
Answer to Question 1

A

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

The moray eel meets its energy and nutrient needs by being an effective predator. The moray eel meets its energy and nutrient needs by being an effective predator.
Bank Bank
Relative rate test, calibrating the molecular clock, and calculating divergence dates. Relative rate test, calibrating the molecular clock, and calculating divergence dates.
Reading and talking about a picture book is one effective way to improve children’s language ... Reading and talking about a picture book is one effective way to improve children’s language ...
How to calculate compound interest (Part 2) How to calculate compound interest (Part 2)
Fetus Development Weekly vs. Monthly Fetus Development Weekly vs. Monthly
Video: Spinal Cord Injury Animation

For a complete list of videos, visit our video library