365 360 interest rate calculator
[DOC File]#1 A $1,000 bond has a coupon of 6% and matures after 10 ...
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Sep 25, 2010 · a. The simple rate of interest rate: i = .03 x 360 = 37.1%. 1 .03 45 15. The compound interest rate: i = (1.0309)30/365 1 = .449 = 44.9%. b. The simple interest rate: i = .02 x 360 = 36.7%. 1 .02 30 10. The compound interest rate: i = (1.0204)18.25 1 = .446 = 44.6%. The interest …
[DOCX File]www.arhs.vip
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The stock turnover rate (5) 1.2.2. The owner is considering using the perpetual inventory system to record the stock of soccer balls. Explain ONE point to support this proposal and ONE point against this proposal. (4) 1.2.3. Calculate the following for soccer boots on 28 February 2021: Value of closing stock (6) Cost of sales (5) Mark-up ...
[DOCX File]investment depreciation and loans assessment
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Different banks will offer differing interest rates and repayment options. When you buy a car, you should compare the options available to you. In this task, you will research two banks to compare their available interest rate and suggested monthly repayments for a loan amount equivalent to the value of your car.
[DOCX File]WordPress.com
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The loan carries interest at 12%. Hermi must pay the interest plus $10,000 on the principal on January 1 of each year. Hermi sells using terms of 2/10 n/30. The latest sale of stock between individuals was yesterday at $85.00 per share. There are more shares available from the other investors for this amount. The tax rate is 30%.
[DOC File]Solutions to Questions and Problems
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To account for this, we will divide the interest rate by 365 (the number of days in a year, ignoring leap year), and multiply the number of periods by 365. Doing so, we get: FV in 5 years = $4,500[1 + (.093/365)]5(365) = $7,163.64
[DOC File]Simple Interest
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Rule of 72. The rule of 72 states that, in order to estimate how many years it will take to double an investment by compounding, divide 72 by the annual interest rate (left in percentage form). For instance, if the annual interest rate were 10%, then it would take about 72/10 = …
[DOC File]Section 1 - University of Wisconsin–Madison
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a) Using a calculator we find that . b) Similar to what was done in part a), we have ( Key idea. There is virtually no difference whether a bank treats a year as 365 days or 360 days. The 365 over 365 method with a daily nominal rate of is the usual method for daily compounding.
[DOC File]Simple Interest - UMD
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23. 360 vs. 365. The number of days per year is often rounded to 360 when doing compound interest calculations. Does this make a significant difference? 24 (SS). “Inaccuracy” of the compound interest …
[DOC File]1. This is an annuity of which we know the present value ...
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but it is difficult to do so. It is better to go straight to a calculator or a computer. Step 3: Convert the monthly rate of 1.02% to an effective annual interest rate. This can be done with the following formula: where n equals the number of periods. In this case we have: which gives r=12.95%. 3. Annuity Problem.
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