The annual interest rate on this loan is 134 what is the, Financial Management

+44 141 628 6080
[email protected]

The annual interest rate on this loan is 134 what is the

ABC needs $9,547 cash to meet a payroll deadline and wants to borrow from the bank for three months. The bank has a discount loan that meets ABC's needs. The annual interest rate on this loan is 13.4%. What is the equivalent annual effective interest rate on this loan? Show you answer in decimal form (e.g, 12.34% would be recorded as 0.1234)

Request for Solution File

Ask an Expert for Answer!!

Financial Management: The annual interest rate on this loan is 134 what is the

Reference No:- TGS02832595

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Financial Management

Q : Fast food industry stock valuation find for wendys

fast food industry stock valuationuse figures on yahoo finance find for wendys mcdonalds and burger kingroe market to

Q : Assuming they take the discount loan and pay as agreed how

abc needs 639000 to pay for some inventory that they need to stock a new store in beaufort the bank offers a one-year

Q : Historically winner stocks and loser stocks both tend to be

historically winner stocks and loser stocks both tend to be growth stocks they both tend to be medium size stocks these

Q : What are the main responsibilities of the board of

you were recently appointed to the board of directors for dropboxa what are the main responsibilities of the board of

Q : The annual interest rate on this loan is 134 what is the

abc needs 9547 cash to meet a payroll deadline and wants to borrow from the bank for three months the bank has a

Q : If the companys cost of equity is 16 percent what is its

paget inc has a target debtequity ratio of 160 its wacc is 78 percent and the tax rate is 40 percenta if the

Q : What will be georges expected accumulation in each account

george more is a participant in a defined contribution pension plan that offers a fixed-income fund and a common stock

Q : What rate must be set on the beverly bonds to make jane

nbspa which one of the following two bonds would you purchase if your marginal tax rate is 28 show your workbull

Q : What was the effective borrowing rate measured in korean

a korean firm borrowed 1 million at 8 per annum annual compounding for 3 years on january 3 1995 the exchange rate on

1931107

Questions
Asked

3,689

Active Tutors

1436876

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

Characteristic of a patriarchal system

Which of the following examples from the article is characteristic of a patriarchal system?

Difference between conflict and pluralistic perspectives

The primary difference between conflict and pluralistic perspectives on law and social order is that conflict theories emphasize differences among

Review the community crime prevention programs

There are many different community crime prevention programs a few of these include, neighborhood watch programs, citizen volunteer programs

What are the social work skills and behaviors

In thinking about the case example, what are the social work skills and behaviors that would enable you to intervene effectively with this family?

Which buzzword reflects the increasing connection

Which buzzword reflects the increasing connection between cultures is driven by technology and market logic, which is central to the Americanization

Rephrase the lgbtq+ community faces discrimination

Rephrase The LGBTQ+ community faces discrimination in many forms such as lack of being denied employment and education opportunities

Description of the team observed for the activity

Observing Task and Social Behaviors located at the end of chapter 4 (p. 82) in the Levi text. Based on your analysis of a team or group