hannahcolosimo982 hannahcolosimo982

26-02-2018
Business

contestada

Mr. miser loans money at an annual rate of 22 percent. interest is compounded daily. what is the actual rate mr. miser is charging on his loans?

Respuesta :

AinZulkifli AinZulkifli

26-02-2018

EAR

= [1 + (0.23 / 365)]365 - 1

= 25.85 percent

Answer Link

Otras preguntas

Michael Johnson devised a framework that involves putting acts of violence into a broader pattern within the relationship. His work identified three principle p

There are a large number of small firms that provide entertainment for children's birthday parties. There is little difference between one company's inflatable

This is two or more elements chemically combined in a fixed ratio. Example: water, carbon dioxide, sodium chloride

The spreadsheet below shows the age, grade level, major, and minor of four students in college. A purple background in the Major column indicates that a student

Suggested applications for ________ include forecasting economic trends analyzing the competition, choosing international markets to enter, understanding consum

A man has trouble hearing and is being tested for a hearing aid. He is presented with tones of various intensities and is asked to indicate whenever he detects

In 2010, Rooney got his first job and paid $7,004.18 in federal income tax. For the next 6 years, his income taxes increased by 1.5% each year. When Rooney fini

Suggested applications for ________ include forecasting economic trends analyzing the competition, choosing international markets to enter, understanding consum

_______is a network of physical objects embedded with sensors, processors, software and network connectivity capability to enable them to exchange data with the

HELP PLEASE! - 30 POINTS! Read the following passage from Muir's "Calypso Borealis" and answer the question But when the sun was getting low and everything seem