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 407 times
purchased 4 times
price: $3.00

Effective interest rate

body preview (16 words)

Please find xxxxxxxx xxxx xxx xxx xx xxxx if xxx xxx xxxx xxxxxxxxxx xxxxxx



file1.doc preview (29 words)

Effective xxxxxxxx xxxx = Interest Amount x xxxxxxxxx * Days xx xxxx (360) xxxxx xxxx xxxxxxxxxxxx

xxxxxxxxxxx x xxxxxxxx

x 12.5%

Rate on xxxxxxxxxxx xxxx =

B) (2 × x × $500)/ (3 × xxxxxxx = xxxxxxxxxxxxxx = xxxxxxx

C) (2 × x × $500)/ xx × xxxxxxx x xxxxxxxxxxxxxx x 20.00%

xxxxx × 12 × xxxxxx xxx × $4,000) = $12,000/$52,000 = 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 390 times
price: $2.00

the answer is

body preview (82 words)

xx xxx xxxxxx $4,000 at xxxx interest xxx one year, what xx your xxxxxxxxx interest rate xxx xxx following rate xxx xxx xxxxxxxxx xxxxxxx plans?

xxxxxxxxx rate = (2 x xxxxxx no. xx xxxxxxxx x xxxxxxxxxxxxxxxxxxx x (total xxxxxx xx payments xxx

xx xxxxxx payment x no. xx xxxxxxxxx

effective rate x xx x x x xxxxxxxxx x x = 12.5%

B) xxxxxxxxxx xxxxxxxx =no. of payment=2

xxxxxxxxx rate x xx x x x xxxxxxxxx x 3 x 16.67%

C) Quarterly payments xxxx xx payment=4

effective rate x xx x 4 x 500)/4000 x 5 = xxxxxx xxx

D) Monthly payments=no. xx payment=12

effective xxxx x (2 x xx x 500)/4000 x xx x xxxxxx

Buy this answer