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Category > Business & Finance Posted 27 May 2017 My Price 12.00

First National Bank charges

1)

First National Bank charges 14.5 percent compounded monthly on its business loans. First United Bank charges 14.8 percent compounded semiannually.

 

Calculate the EAR for First National Bank and First United Bank. (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16))

 

  EAR
First National %
First United %

 

As a potential borrower, which bank would you go to for a new loan?
 
  First National Bank
  First United Bank


2)oints

An investment will pay you $53,000 in 11 years. If the appropriate discount rate is 8 percent compounded daily, what is the present value? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Present value

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Status NEW Posted 27 May 2017 07:05 PM My Price 12.00

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