Thursday
September 18, 2014

Homework Help: finance

Posted by Myrtis Edwards on Wednesday, December 9, 2009 at 4:03pm.

A firm has decided to borrow $500,000 on a 10% add-on basis, payable in 8 end-of-month installments. What would the nominal annual percentage rate on the loan be.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

finance - Kohers Inc is considering a leasing arrangement to finance some ...
Finance - Kohers Inc is considering a leasing arrangement to finance some ...
Finance - You have decided to buy a car that costs $34,100. The dealer offers ...
finance - You have decided to buy a car that costs $34,100. The dealer offers ...
finance help - You have decided to buy a car that costs $34,100. The dealer ...
Finance - What is the nominal annual financing cost of a 9-month, $200,000 ...
Finance - Sauerfood company has decided to buy a new computer system with an ...
Finance - Your board of directors is thinking of taking out a loan of $500,000 ...
Finance - midland chemcial is negotating a loan from manhattan bank and trust. ...
Finance - Your firm is considering the following three alternative bank loans ...

Search
Members