Find the annual simple interest rate of a loan, where $500 is borrowed and where $520 is repaid at the end of 17 months.
Annual simple interest rate = %.
An religious old man is on his deathbed and having last requests being made. He tells his wife, Honey, gimme my lawyer and accountant. She calls the two men and they rush in the room. Ya, waddya want? I'm missin' a meeting here. The accountant says. Accountant, stand to my left. Lawyer, stand to...
I am planning on buying a new to me car used in other words about 2008-2009 between 14,000 and 16,000 with a 3,000 down payment and a five year deal. I have pretty bad credit but it is improving. I have some credit cards where I keep a low medium balance, I pay all my bills on time. I do not...
I have planned a trip to Japan in the middle of July. I will be staying in Tokyo, Japan for a month.
Due to the recent plummet of the Japanese Yen to USD exchange rate (from 80 to 77) earlier today, I feel that I should purchase my Japanese yen via travel check very soon.
Investors throughout...
Today I was in a single vehicle accident in which I was driving an SUV, hydroplaned, and rolled two and a half times before coming to rest upside with the car on its roof. I was three feet from the edge of a cliff that had a 200ft drop. I am aware that I am lucky. How lucky am i though? I have...
He stopped laughing. It seemed that he finally was beginning to remember something.
“What?” I quickly stood up and sat next to him on the couch. “What is it?”
He looked down and then up at me as though he was remembering something that he did’t believe.
“I just...” he sighed and clasped his...
I have HDTV 1080p with high refresh rate of 240 Hz. My FTA satellite reciever is also HD 1080p, but the maximum refresh rate it provides is 50 Hz. Is there a recievere with higher refresh rate available in the market ??
The prince and the curse
Once upon a time there was a prince who was cast under a spell by an evil witch. The curse was that the Prince could speak only one word each year. However, he could save up the words so that if he did not speak for a whole year, the following year he was allowed to...
It's a picture of me and my doggie!
Kind of an old picture too, it was taken around the beginning of November, my hair is a bit longer now.
and how old do I look?
http://a8.sphotos.ak.fbcdn.net/hphotos-ak-snc4/74579_10150289212855461_632100460_15324124_6685903_n.jpg
...inflation is 15 percent, what is? the nominal rate fo interest?
A. $400 billion of investment will be undertaken
B. $460 billion of investment will be undertaken
C. $530 billion of investment will be undertaken
D. $600 billion of investment will be undertaken
respect to the interest return? I do not understand this question...help!
Define effective rate of interest. Explain why two investments with the same annual rate may not be equal with respect to the interest they return?