Bank 1 lends funds at a nominal rate of 9% with payments to be made semiannually. Bank 2 requires payments to be made quarterly. If Bank 2 would like to charge the same effective annual rate as Bank 1, what nominal annual rate will they charge their customers? Round your answer to three decimal places. Do not round intermediate calculations.
Answers
Nominal Annual Rate charged by Bank 2 to charge the same Effective Annual Rate as Bank 1 is 8.794%.
Let's solve the problem below.
Step 1: Calculate the nominal annual rate charged by Bank 1. Bank 1 lends funds at a nominal rate of 9% with payments to be made semiannually.
The semi-annual rate is calculated as: r1 = (9%)/2 = 4.5%The effective annual rate for Bank 1 is given as:
EAR1 = (1 + r1)² - 1 = (1 + 0.045)² - 1 = 0.092025 or 9.2025%.
Step 2: Calculate the payment period of Bank 2. Bank 2 requires payments to be made quarterly, which is more frequent than semi-annual payments.
Step 3: Calculate the nominal annual rate charged by Bank 2 that will provide the same EAR as Bank 1.To find the nominal annual rate charged by Bank 2, use the formula for the effective annual rate.
EAR2 = (1 + r2/m)^m - 1 where r2 is the nominal annual rate charged by Bank 2, and m is the number of compounding periods per year.
For Bank 2, m = 4 since they require quarterly payments. Let's assume that EAR1 = EAR2.
We can use the following formula to solve for the nominal rate charged by Bank 2.r2 = m * [(EAR2 + 1)^(1/m) - 1]r2 = 4 * [(0.092025 + 1)^(1/4) - 1]r2 = 0.088025 or 8.8025%. Bank 2 will need to charge a nominal annual rate of 8.794% (rounded to 3 decimal places) to have the same effective annual rate as Bank 1.
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Related Questions
A ________ is a plan that integrates the marketing mix to provide a good, service, or idea to prospective buyers.
Answers
A marketing program is a plan that integrates the marketing mix to provide a good, service, or idea to prospective buyers.
What is marketing ?This is a process of drawing the attention of people or consumers a company's product or services. The aim is to create awareness about the products and also bring about immediate sale.
A Marketing Program is a company's strategy to increase sales by marketing its products to consumers. It is a well-designed set of objectives with practical action plans.
The Marketing Program is very wide hence caters to marketing elements which are advertising, brand and logo design and websites. It is to be noted that the 4Ps of marketing mix which are Product, Place, Price, and Promotion, play a pivotal role in designing marketing programs.
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Discuss different trade policies that are currently enacted and if they should be updated in some way.
Then create your own policy about an area in the economy is currently not addressed in current trade policies.
Select the link to access the Trade Discussion.
Answers
U.S. trade policy promotes economic growth through regulations and agreements that control imports and exports with other countries.
Trade allows countries to specialize in the production of the goods and services that align with their comparative advantage.
What are trade barriers?A trade barrier refers to a natural barrier or imposed restraint by government on the flow of international goods or services.
Some examples of trade barrier include import quotas, embargoes, buy-national regulations, distance, language etc.
In conclusion, a trade barrier reducing policy is the policies that the Melanie's country has adopted to reduce international trade barriers.
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In some arts, A/V technology, and communication careers, workers participate in apprenticeships. Why are
apprenticeships useful?
They allow experienced workers to learn new skills.
O They allow experienced workers to stay home from work.
O They allow new workers to get job experience.
They allow new workers to have paid benefits.
Answers
Answer: they allow new workers to get job experience
Explanation:
I know this from the back of my head and just took the test!
Write an essay about Buisness skills 150 words pls
giving 100 points
Answers
business exists only to earn profits by providing goods and services to the customers. According to the modern concept, the underlying objective of every business is customer satisfaction as this is what results in most profits. If the customer is satisfied, the business excels. something about Business goals is a predetermined target that a business or individual plans to achieve in a set period of time. These goals are often split into short-term goals and long-term goals. Business goals can be general and high level, or they can focus on specific measurable actions. One of the reasons businesses succeed is that they reach consumers first. The fastest companies to market have the best access to customers. ... It's much easier to dominate a market without competitors. If you are first to market, you are more likely to succeed, even if your product or service is substandard.
Which of the following is an example of a civil engineer demonstrating problem sensitivity? (Select all that apply.)
1 Anne notices that the construction company isn't properly following the specified layout for emergency exits.
2 Lewis resolved the conflict between the construction company and the client with his usual tact and diplomacy Nick had to leave his last firm because he felt the environment there was too hostile and he couldn't deal with it.
3 Michiko reviews the latest spec changes from the architect on her project and realizes that a simple color change is going to require reordering massive amounts of tile and slow construction to a halt
Answers
Answer:
1. Anne notices that the construction company isn't properly following the specified layout for emergency exits
3. Michiko reviews the latest spec changes from the architect on her project and realizes that a simple color change is going to require reordering massive amounts of tile and slow constriction to a halt
Explanation:
Problem sensitivity simply means the ability for someone to be able to know that something is wrong with a particular thing. In this case, the civil engineer demonstrating problem sensitivity include:
1. Anne notices that the construction company isn't properly following the specified layout for emergency exits
3. Michiko reviews the latest spec changes from the architect on her project and realizes that a simple color change is going to require reordering massive amounts of tile and slow constriction to a halt .
In both cases, they detected what was wrong and could hinder what they were doing or can cause a problem later.
Problem sensitivity simply means the ability for someone to be able to know that something is wrong with a particular thing.
In planning an operational audit, an on-site survey could assist with all of the following, except: A. Obtaining auditee comments and suggestions on control problems. B. Obtaining preliminary information on internal control. C. Identifying areas for audit emphasis. D. Evaluating the effectiveness of the internal control.
Answers
In planning an operational audit, an on-site survey is an important tool that can help auditors to gather preliminary information on internal control, identify areas for audit emphasis, and obtain auditee comments and suggestions on control problems. The correct answer is d.
However, an on-site survey is not intended to evaluate the effectiveness of the internal control. Instead, the evaluation of the effectiveness of internal control is typically done through testing and analyzing the system of controls in place.
An on-site survey involves gathering information by conducting interviews, observing operations, and reviewing documents. This information can help auditors gain an understanding of the auditee's operations and the control environment. This, in turn, can assist auditors in identifying the areas where there may be control deficiencies or areas of higher risk that require more attention during the audit.
Therefore, while an on-site survey is a valuable tool in planning an operational audit, it should not be relied upon as the sole means of evaluating the effectiveness of internal control. Instead, it should be used as one of several tools that can help auditors to gain a more comprehensive understanding of the auditee's operations and control environment.
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draw the mechanism and product for the following elimination.
Answers
The proton is abstracted out by the KOH to remove the bromide while forming the double bond. The proton is abstracted such that it will lead to the more substituted alkene.
The given reaction with the curly arrow mechanism is shown below.
Mechanism of the given reaction.
1-methylcyclopent-1-ene is an organic compound with the molecular formula C₆H₁₀. It is a cyclic hydrocarbon with a five-membered carbon ring and a methyl group attached to one of the carbon atoms in the ring. The name indicates that there is one methyl (CH₃) group and one double bond (ene) in the cyclopentene structure.
Therefore, the product of the given reaction is 1-methylcyclopent-1-ene.
CH₃
|
H ─ C = C ─ C ─ C ─ H
|
H
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Draw the mechanism and product for the elimination of various compound
What does career advancement mean?
A.
Trying out different jobs that are unrelated.
B.
Staying in one cluster and getting a job with more responsibility.
C.
Staying with the same job because you like it.
D.
Going to college to get a degree for your career.
Answers
Answer:
B.
Staying in one cluster and getting a job with more responsibility.
Answer:
d
Explanation:
5
Select the correct text in the passage.
What is the opportunity cost in this scenario?
Mikael has saved $4,000 for his trip to Brazil. He has calculated that his total transportation expenses will be $1,000. The hotel will cost him
another $1,500. He will spend about $500 on food. He plans on spending the remaining $1,000 for sightseeing and buying souvenirs.
While booking his plane ticket, he realizes that the price has gone up. His total transportation expenses will go up by $200. He realizes that he
cannot cancel his hotel reservation. He also doesn't want to go cheap on food. Finally, he decides to give up visiting the popular Ouro Preto
during his stay in Brazil.
Reset
Next
Answers
Answer: sightseeing
Explanation:
Opportunity costs represent to the potential benefits that an economic entity misses out on when another alternative is chosen over another.
In this case, due to the increase in the price of the plane ticket, Mikael decides to give up visiting the popular Ouro Preto during his stay in Brazil even though it was earlier planned. Therefore, it can be infered that sightseeing is the opportunity cost as that is what he forgoes in order to choose a different alternative.
In the context of electronic communication, _____ involves indirect form of disrespect.
Answers
In the context of electronic communication, passive incivility involves indirect form of disrespect.
Passive incivility involves indirect forms of disrespect through the context of electronic communication which are not replying to emails, using emails for time-sensitive messages, not acknowledging receipt of emails.
Passive incivility has its own impact in an individuals life. As this incivility is indirect there is not much behavior noticed. Thus, here the factor of ignorance plays an important role. For instance, when a person sends a disrespectful email, and so here it is hard to understand tone via email and you can’t see the person's body language.
Hence, passive incivility involves indirect form of disrespect.
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net income will result if gross profit exceeds
Answers
Answer: Operating expenses
Explanation:
In order to result in net income, the gross profit should be greater than the operating expenses. Otherwise, we incur net loss. Net income will result if gross profit exceeds operating expenses.
Hope this helps!!! :)
Answer: operating expenses.
Explanation:
Which knowledge area has been identified by architects, carpenters, and building inspectors as important in their work?
mathematics
building and construction
design
customer and personal service
Answers
Answer:
Building and Construction
Explanation:
Edg
Which of the following is true about
your "gross" pay?
A. It is the money you make before taxes.
B. It is the money you take home after taxes are taken
out..
C. It is the amount of money you pay in social security
tax.
D. It is the amount of money you pay in federal tax.
Answers
To understand how democracy developed in ancient Greece, you must examine the polis, which was the Greek word for a
The Greeks shared a language and culture, but each polis had a different government. In 509 BCE, Athens created a new set of rules that gave power to the people. The Greeks called this government a
Members of the Council of 500 were chosen
Answers
Answer:
To understand how democracy developed in ancient Greece, you must examine the polis, which was the Greek word for a city-state. The Greeks shared a language and culture, but each polis had a different government. In 509 BCE, Athens created a new set of rules that gave power to the people. The Greeks called this government democracy. Members of the Council of 500 were chosen randomly.
Answer:
city-state ,democracy ,randomly
Explanation:
just took the test on edge
In order for information to be relevant it must be​ ____________ data that​ ____________ among alternatives.
Answers
In order for information to be relevant it must be predictive data that differentiates among alternatives.
What is relevance?Relevance is a term used to refer to the degree of correlation between two variables. It's the extent to which the information offered is useful and effective in achieving the goals for which it was initially gathered. Relevance is the degree to which a piece of information, idea, or data relates to the subject or topic under discussion.
Predictive data refers to the data that is used to predict or anticipate an event. Predictive data is used in machine learning and data analytics to predict future outcomes. Differentiating among alternatives refers to the ability to distinguish between two or more possible alternatives, such as A or B.
Therefore, in order for information to be relevant it must be predictive data that differentiates among alternatives.The answer to the question is predictive data that differentiates among alternatives.
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Colin listed his assets and liabilities on a personal balance sheet.
Colin’s Balance Sheet (August 2013)
Assets
Liabilities
cash
$1,500
credit card
$500
stocks
$800
rent
$800
car
$5,000
car loan
$1,200
coin collection
$1,200
student loan
$5,000
Total
Total
Which statement is true about the total assets and the total liabilities?
The total of the assets and the liabilities are the same.
The total of the assets is greater than the total of the liabilities.
The total of the assets is less than the total of the liabilities.
The total of the assets cannot be compared to the total of the liabilities.
Answers
Answer:
B
Explanation:
Which statement about the Federal Reserve (the Fed) is true?
O Unless a person works there, the Fed has little impact on everyday life.
O The Fed determines the criteria banks must use to evaluate loan requests.
O The Fed sets monetary policy, which affects the interest rates banks offer.
O Because it is independent, the Fed reviews and approves the national budget.
Answers
A statement that is true on the Federal Reserve is that C. The Fed sets monetary policy, which affects the interest rates banks offer.
What does the Federal Reserve do ?The American central bank is known as the Federal Reserve System (FRS). It is conceivably the most potent financial organization in the entire globe and is sometimes referred to as "the Fed." It was established to give the nation a secure, adaptable, and stable financial and monetary system.
Its primary duties include controlling the money supply, establishing interest rates, and overseeing the financial system. In times of economic crisis, it also serves as a lender of last resort, as was shown during the financial crisis of 2008.
These powers of the Federal Reserve mean that it is the one which sets the monetary policy of the United States. This monetary policy will then affect the interest rates on loans, offered by banks.
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Owners of florida homesteads can deduct $50,000 of the assessed value for properties valued at more than __________.
Answers
Explanation:
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BTW
Which of these statements about pipeline inventory is best? A. Changing an item's lot size does not directly affect the average level of the pipeline inventory. B. Pipeline inventory exists to avoid customer service problems. C. None of the other options D. Pipeline inventory is used to even out volatile fluctuations in supply or demand. E. Shorter lead times create more pipeline inventory.
Answers
Answer: Changing an item's lot size does not directly affect the average level of the pipeline inventory.
____ are person-specific, whereas _____ are based on decisions made by groups or when carrying out tasks to meet business objectives.
Answers
The missing terms can be filled as "Individual actions" and "Organizational actions."
Individual actions are actions that are specific to a person and are undertaken by an individual within an organization. These actions are often related to personal tasks, responsibilities, or decisions that an individual makes to fulfill their role or contribute to the overall objectives of the organization. Examples of individual actions may include personal goal setting, time management, skill development, and decision-making on individual tasks or projects.
On the other hand, organizational actions refer to decisions made by groups or collective actions taken to achieve business objectives. These actions involve coordination and collaboration among multiple individuals or teams within an organization. Organizational actions may include strategic planning, project management, team-based decision-making, implementing policies and procedures, and executing tasks or projects that require the efforts and contributions of multiple individuals.
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On 3/1/X1 Landlord Co. received a $36,000 cash payment from Renter Co. to pay for a total of 17 months, starting in the current month. How much revenue should Landlord Co. recognize in the year ending 12/31/X1? Round your answer to the nearest penny.
(anyone know accounting?)
Answers
Answer:
revenue recognized is $21,176
Explanation:
The computation of the revenue recognized is shown below:
= received amount for 17 months × given months ÷ total number of months
= $36,000 × 10 months ÷ 17 months
= $21,176
The 10 month is calculated from March 1 to December 31
Hence, revenue recognized is $21,176
There has always been a strong reaction in the United States to any form of industrial policy because: a. It reduces the market's efficiency. b. Industrial policies violate anti-trust legislation. c. It conflicts with the widely held view of government's role in the economy. d. Existing attempts to form industrial policies have generally been irrational and uncoordinated.
Answers
The correct answer is c. It conflicts with the widely held view of the government interference in the economy. The United States has a strong tradition of laissez-faire capitalism.
This philosophy is rooted in the belief that the market is the most efficient allocator of resources, and that government intervention can distort the allocation of resources and hinder economic growth. The industrial policy involves government intervention in the economy to promote the growth of specific industries or sectors. This can take many forms, such as subsidies, tax breaks, trade protectionism, and government-funded research and development. However, these policies often run counter to the traditional view of government's role in the economy.
Many Americans believe that the market should be left to operate freely, without government interference, and that businesses should compete on a level playing field without government assistance. They see industrial policy as a form of government picking winners and losers in the market, which can lead to inefficiencies, corruption, and waste.
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What are goods??????
Answers
This video speeds through over 10 common mistakes people make that leave them open to identity theft. list at least 5 of them here:
Answers
Leaving Your Mail Unguarded. ...
Throwing Sensitive Documents into Your Trash. ...
Losing Your Wallet or Smartphone. ...
Falling for Cyberscams. ...
Using an Insecure Internet Connection.
Need help with this one.
Anton's gross monthly pay is $1,058.00. If his employer withholds 11% for the monthly federal income tax, how much will be deducted from his paycheck?
Group of answer choices
$941.62
$11.00
$116.38
$11.64
Answers
Anton's gross monthly pay is $1,058.00. If his employer withholds 11% for the monthly federal income tax, $116.38 will be deducted from his paycheck.
Define tax?A tax is a mandatory payment or charge levied on individuals or businesses by local, state, and national governments to cover the costs of general government services, goods, and activities.It is derived from the Latin taxare, which means 'to assess'. Previously, English used the related word 'task,' which was derived from Old French.For a time, the terms 'task' and 'tax' were interchangeable, with the first requiring labor and the latter requiring money.The term 'tax' then came to mean something tedious or difficult.Governments levy fees on citizens and businesses to generate revenue, which is then used to meet budgetary demands.This includes financing government and public projects as well as improving the country's business environment to promote economic growth.To learn more about tax refer to:
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What is the answer?? No links
Answers
Answer:
c
Explanation:
get big brain kid not good kid get better bro
Which type of account (real, personal, or nominal) includes the following expenses of a business?
Expenses like rent, transportation, and advertising are part of a business’ ______
account, because they are fictitious.
Answers
Answer: Nominal account
Explanation:
Expenses like rent, transportation, and advertising are part of a business (Nominal) account, because they are fictitious.
Personal accounts are the accounts that have to do with individuals, or businesses. A real account is an account that isn't closed when the accounting period ends. The bqlnaces in the real account are carried to the following period. An example of this is cash.
Nominal account is an account that has a zero beginning balance at the start of the year. This is because when an accounting year ends, the nominal account will be closed.
Wealthy individuals who provide equity investment for start-ups are sometimes called?
Answers
Wealthy individuals who provide equity investment to start-ups are sometimes referred to as angel or private investors.
What is an angel investor?It is an individual who is interested in a particular entrepreneurship project or start-ups and offers financial assistance for the development and operation of the business, becoming a shareholder in such company.
Therefore, an angel investor or private investor provide continuous funds or not to a venture, which will help in the development and growth of a small business, which usually initially suffers from a lack of capital, due to the risks and market barriers for the correct flow of business and its consolidation.
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In what three ways does the government affect production of goods and services in the US economy?
Answers
Jim and Evan enter into a real estate contract. The contract allows Evan to get a mortgage at 5% interest. But after due diligence, Evan can only get a mortgage at 8% interest. What will happen to the real estate contract
Answers
Since Evan can only get a mortgage at 8% interest instead of at 5%, the real estate contract suffers termination by contingency.
What is a contingency?A contingency in a real estate contact is a term that is required to happen before its closing.
Thus, termination by contingency will allow Jim to terminate the contract without consequences.
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