Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 407 Weeks Ago, 6 Days Ago
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Computer Science Posted 28 Aug 2017 My Price 4.00

In ‘N Out Payday Loans

a. In ‘N Out Payday Loans advertises that for a fee of only $10, you can immediately borrow up to $200 for one month. If a person accepts the offer, what are ( a ) the nominal interest rate per year and ( b ) the effective rate per year?

b. A government-required truth-in-lending document showed that the APR was 21% and the APY was

22.71%. Determine the compounding frequency at which the two rates are equivalent.

Answers

Maurice Tutor
(5)
Status NEW Posted 28 Aug 2017 04:08 PM My Price 4.00

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