What is interest, how is an interest rate determined, and how is interest calculated?
Homework Answers
One will lend his/her money to anyone only when he gets something in return.
Interest is that amount that the lender receives for the privilege of their money used by the borrower.
interest rate is determined by the number of factors such as the state of economy, individual institution involved. It is the price that the lender expects by lending his money.
Interest is calculated by :-
Principal amount * interest rate * time
Add Answer to:
What is interest, how is an interest rate determined, and how is
interest calculated?
What is simple interest and how is it calculated?
What is simple interest and how is it calculated?
What is compound interest and how is it calculated?
What is compound interest and how is it calculated?
What is an interest rate? Explain how interest rates may be unrelated to money or financial...
What is an interest rate? Explain how interest rates may be unrelated to money or financial assets? How are interest rates are determined? Why do we observe a number of interest rates in the economy rather than a single interest rate? What are some of the reasons interest rates vary?
wk 2-2 Explain how a personal casualty loss is determined and how the loss is calculated....
wk 2-2 Explain how a personal casualty loss is determined and how the loss is calculated. Include in your discussion post how the determination of the loss is made, and the limits or floors that are placed on personal casualties, as well as any exceptions to those limits.
You calculated duration of a bond which was 3.5. If the interest rate of the bond...
You calculated duration of a bond which was 3.5. If the interest rate of the bond decreases by 1%, what happens to the price of the bond? a. Decrease by $3.50 b. Decrease by 3.50% c. Increase by 3.50% d. Increase by $3.50 e. There is no change in price
2. A particular credit card has an annual interest rate of 25.74% and interest is calculated...
2. A particular credit card has an annual interest rate of 25.74% and interest is calculated by the average daily balance method. The table below describes the activity on this card over a 28-day billing cycle. What is the unpaid balance at the end of this billing cycle, if the initial unpaid balance at the beginning of the cycle is $1472.35? DAY ACTIVITY AMOUNT Purchase $154.15 Purchase $38.76 18 Payment $250 5
What is glomerular filtration rate? How is it determined? What is the significance of changes in...
What is glomerular filtration rate? How is it determined? What is
the significance of changes in Glomerular filtration rate in
health?
Urinary system: Review 1. Describe the functions of the kidney. 2. List the nitrogenous wastes of metabolism, What are their origins? 3. Compare azotemia and uremia. 4. Describe the gross anatomy of the urinary system. 5. Give an overview of the pathway of urine flow from the kidney to leaving the body. Describe the structure of a nephron. V7....
Rate of interest is price of money and is determined by supply of money and demand...
Rate of interest is price of money and is determined by supply of money and demand for it. Discuss.
hi why the answer is c? cn you show me how its calculated?\ Suppose the domestic interest rate is 3% and the foreign in...
hi why the answer is c? cn you show me how its calculated?\
Suppose the domestic interest rate is 3% and the foreign interest rate is 2%. If uncovered interest parity holds, by how much is the domestic currency expected to appreciate or depreciate against the foreign currency? a) The domestic currency is expected to appreciate by 1% b) The domestic currency is expected to appreciate by 2%. c) The domestic currency is expected to depreciate by 1% d) The...
The loanable funds thoery suggests that the market interest rate is determined by the factors that...
The loanable funds thoery suggests that the market interest rate is determined by the factors that control supply of and demand for loanable funds. DIscuss the factors that affect interest rates
2. A particular credit card has an annual interest rate of 25.74% and interest is calculated by the average daily balance method. The table below describes the activity on this card over a 28-day billing cycle. What is the unpaid balance at the end of this billing cycle, if the initial unpaid balance at the beginning of the cycle is $1472.35? DAY ACTIVITY AMOUNT Purchase $154.15 Purchase $38.76 18 Payment $250 5
What is glomerular filtration rate? How is it determined? What is
the significance of changes in Glomerular filtration rate in
health?
Urinary system: Review 1. Describe the functions of the kidney. 2. List the nitrogenous wastes of metabolism, What are their origins? 3. Compare azotemia and uremia. 4. Describe the gross anatomy of the urinary system. 5. Give an overview of the pathway of urine flow from the kidney to leaving the body. Describe the structure of a nephron. V7....
hi why the answer is c? cn you show me how its calculated?\
Suppose the domestic interest rate is 3% and the foreign interest rate is 2%. If uncovered interest parity holds, by how much is the domestic currency expected to appreciate or depreciate against the foreign currency? a) The domestic currency is expected to appreciate by 1% b) The domestic currency is expected to appreciate by 2%. c) The domestic currency is expected to depreciate by 1% d) The...
Most questions answered within 3 hours.
-
Now that this course has taken you on a journey of introduction
to the world of...
asked 16 minutes ago -
Given a regression sum of squares equal to 2373.59 and a total
sum of squares equal...
asked 30 minutes ago -
The sandwich maker of the EE-Cole-Eye Sandwich Truck was just
fired (for a reason described below)...
asked 2 hours ago -
Name the following coordination compounds using systematic
nomenclature.
1. [Co(H2O)6]Cl2:
2. [Cr(NH3)6](NO3)3:
3. K4[Fe(CN)6]:
4. Na[Au(CN)4]:...
asked 2 hours ago -
Propose an efficient synthesis of 2-Bromo-5-nitrotoluene from
benzene. Hint: 3 steps. Consider directing effects of substituents....
asked 4 hours ago -
This assignment will explore the impact of corporate decisions
on a local versus a global perspective....
asked 3 hours ago -
Given the function below, F(w,x,y,z)= x’z+w’z’+w’y
a) draw a logic diagram for an implementation which uses...
asked 2 hours ago -
Most political philosophers believe we have a duty to obey laws,
even if the laws in...
asked 3 hours ago -
Which of the following are common negotiation outcome
mistakes?
a. Leave money on the table b....
asked 4 hours ago -
Convert the following quantities:
a) 0.819 atm to torr b) 512 mmHg to bar c) 11.2...
asked 4 hours ago -
C ++ Implement cat command
The purpose of this assignment is to provide practice using the...
asked 4 hours ago -
we
convert sugars into another form of stored potential energy. This
is called?
asked 5 hours ago