Normally we charge $3.00 for this answer

Today, you can get it FOR FREE if you

g+1, Follow or Like, us

Show me how to post my homework

Just do my homework!

  • HTML tags will be transformed to conform to HTML standards.
  • Add rel="nofollow" to external links
Submitted by edgeman117 on Fri, 2012-01-27 11:46
due date not specified
answered 2 time(s)
edgeman117 is willing to pay $3.00
edgeman117 bought 8 out of 12 answered question(s)

other students are interested:
natashat on Sun, 18 Mar 2012
papsmu on Thu, 12 Apr 2012
trinas on Fri, 27 Apr 2012
staonb on Sun, 29 Apr 2012
7 anonymous students showed interest

Problem 18- If you borrow $4,000 at $500 interest for one year, what is your effective interest rate for the following rate for the following payment plans? A) Annual payment B) Semiannual payments C) Quarterly payments D) Monthly payments

Any help you can give would be appreciated

Submitted by Asma on Fri, 2012-01-27 12:13
teacher rated 367 times
purchased 4 times
price: $3.00

Effective interest rate

body preview (16 words)

Please find xxxxxxxx file xxx xxx me know xx you xxx xxxx confusion. xxxxxx


file1.doc preview (46 words)

xxxxxxxxx xxxxxxxx rate = Interest xxxxxx / xxxxxxxxx * xxxx xx xxxx (360) xxxxx loan xxxxxxxxxxxx

xxxxxxxxxxx x xxxxxxxx

x xxxxxx

Rate xx xxxxxxxxxxx loan =

B) (2 × x × $500)/ (3 × $4,000) x $2,000/$12,000 = xxxxxxx

xxxxx × 4 × xxxxxx (5 × $4,000) = $4,000/$20,000 = xxxxxxx

xxxxx × xx × xxxxxx xxx × xxxxxxx x xxxxxxxxxxxxxxx = xxxxxxx


Buy this answer

Try it before you buy it
Check plagiarism for $2.00

Submitted by shahimermaid on Sun, 2012-04-29 21:34
teacher rated 386 times
price: $2.00

the answer is

body preview (96 words)

If you xxxxxx xxxxxx xx xxxx xxxxxxxx xxx one xxxxx what is your xxxxxxxxx interest xxxx xxx xxx xxxxxxxxx rate xxx xxx xxxxxxxxx payment xxxxxx

effective xxxx = xx x xxxxxx no. xx xxxxxxxx x xxxxxxxxxxxxxxxxxxx x (total number xx payments xxx

xx xxxxxx payment = xxx of xxxxxxxxx

effective xxxx = (2 x 1 x xxxxxxxxx x 2 = xxxxx

B) Semiannual payments xxxx xx payment=2

effective rate = xx x 2 x 500)/4000 x x x 16.67%

xx Quarterly xxxxxxxx xxxx xx xxxxxxxxx

effective xxxx = (2 x x x 500)/4000 x x x 12.5%= xxx

D) Monthly xxxxxxxxxxxx xx payment=12

effective xxxx x xx x 12 x 500)/4000 x 13 = xxxxxx

Buy this answer