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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 401 Weeks Ago, 2 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
30.       Calculating EAR   You are looking at an investment that has an effective annual rate of 14 percent. What is the effective semiannual return? The effective quarterly return? The effective monthly return?
31.       Calculating Interest Expense   You receive a credit card application from Shady Banks Savings and Loan offering an introductory rate of .5 percent per year, compounded monthly for the first six months, increasing thereafter to 17 percent compounded monthly. Assuming you transfer the $6,000 balance from your exist- ing credit card and make no subsequent payments, how much interest will you owe at the end of the first year?
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