This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Note: The calculations for this question were done using Excel's RATE function.At what nominal rate ... (Read 153 times)

Jipu 123

  • Hero Member
  • *****
  • Posts: 569
on: Jun 6, 2019

Question 1

Note: The calculations for this question were done using Excel's RATE function.
What is the effective rate of interest charged on a lease valued at $17 040.00 if payments of $1180.00 are made at the beginning of each 3 months for four years?

Question 2

Note: The calculations for this question were done using Excel's RATE function.
At what nominal rate of interest compounded semi-annually will $2200.00 deposited at the beginning of every six months accumulate to $68 000.00 in 11 years?
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Jipu 123 on Jun 6, 2019

HandsomeMarc

  • Sr. Member
  • ****
  • Posts: 360
Reply #1 on: Jun 6, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 60% of students answer this correctly


Jipu 123

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: Jun 6, 2019
TY


HandsomeMarc

  • Sr. Member
  • ****
  • Posts: 360
Reply #3 on: Jun 6, 2019
You're welcome


« previous next »
 

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Hydronephrosis. Normal kidney (left) and kidney with hydronephrosis (right) are compared. Note the d Hydronephrosis. Normal kidney (left) and kidney with hydronephrosis (right) are compared. Note the d
How to vertically stretch and compress the quadratic function How to vertically stretch and compress the quadratic function
Differentiation of Inverse Trigonometric Function Differentiation of Inverse Trigonometric Function
You make 4 semi-annual deposits starting at $350 and increasing at a constant rate of 2.14%. ... You make 4 semi-annual deposits starting at $350 and increasing at a constant rate of 2.14%. ...
economic question economic question
Mitochondrial structure and function Mitochondrial structure and function
Video: Oxygen transport: association and dissociation & Factors that affect hemoglobin's saturation with O2

For a complete list of videos, visit our video library