course hero what is the effective annual rate they are charging?

What is the percentage of a student's salary on CourseHero?

12. What is the effective annual rate of a loan that charges interest at a rate of 7.1 percent, compounded continuously? 7.36 percent EAR = 2.71828 0.071 – 1 = 7.36 percent

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Dec 18, 2017 · A credit card compounds interest monthly and has an effective annual rate of 12.67 percent . What is the annual percentage rate ? What is the annual percentage rate ? …

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What is the effective annual rate if your credit card charges you 10.64 percent compounded daily? (Assume a 365-day year.) A. 10.79 % B. 11.22 % C. 11.95 % D. 11.48 % E. 12.01 % AACSB: Analytical Thinking Accessibility: Keyboard Navigation Blooms: Apply Difficulty: 2 Intermediate Ross - Chapter 04 #74 Section: 4.3 Topic: Annual, holding period, and effective rates

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What is the nominal annual interest rate that they are charging? Problems 149 4-1 5 What effective interest rate per annum corresponds to a nominal rate of 12% compounded monthly? (Answer: 12.7%) 4-1 6 Mr. Sansome withdrew $1000 from a savings account and invested it in common stock.

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Course Hero offers a Basic (free) Membership as well as a paid Premier Membership. Free members can seek help from our online tutors at an a la carte price.

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All members also have the ability to earn Unlocks and Questions by contributing their own study documents to Course Hero’s library; you can earn 5 Unlocks or 3 Questions (up to 9) for every 10 study documents submitted.