觀賽後感想:
2014年4月11日
Assignment Print View
Score: 100 out of 100 points (100%)
http://ezto.mhecloud.mcgraw-hill.com/hm_finance.tpx?todo=printview
1/14
2014年4月11日
1.
Assignment Print View
award:
5 out of
5.00
points
Suppose you can borrow money at 8.6% per year (APR) compounded semiannually or 8.4% per year (APR) compounded monthly.
a. Calculate the Effective Annual Rate. (Do not round intermediate calculations. Round your answers to 2 decimal places.)
8.6%
8.4%
Effective Annual Rate
8.78
%
8.73
%
b. Which is the better deal?
8.4% per year (APR) compounded monthly.
Learning Objective: 05-05
Compare interest rates quoted over different time intervals-for example, monthly versus annual rates. Worksheet
Suppose you can borrow money at 8.6% per year (APR) compounded semiannually or 8.4% per year (APR) compounded monthly.
a. Calculate the Effective Annual Rate. (Do not round intermediate calculations. Round your answers to 2 decimal places.)
8.6%
8.4%
Effective Annual Rate
8.78 %
8.73 %
b. Which is the better deal?
8.4% per year (APR) compounded monthly.
Explanation:
Some values below may show as rounded for display purposes, though unrounded numbers should be used for the actual calculations.
a.
Semiannual compounding means that the 8.6% loan really carries interest of 4.3% per half year.
Similarly, the 8.4% loan has a monthly rate of 0.7%.
Compounding
APR
Period
8.6% 6 months (m = 2/yr)
8.4% 1 month (m = 12/yr)
Effective Annual Rate
1.0432 − 1 = 0.0878 = 8.78%
1.00712 − 1 = 0.0873 = 8.73%
b.
Choose the 8.4% loan for its slightly lower effective rate.
http://ezto.mhecloud.mcgraw-hill.com/hm_finance.tpx?todo=printview
2/14
2014年4月11日
2.
Assignment Print View
award:
5 out of
5.00
points
Old Time Savings Bank pays 4% interest on its savings accounts. If you deposit $1,000 in the bank and leave it there, how much interest will you earn in the first year? The second
Assignment Print View
Score: 100 out of 100 points (100%)
http://ezto.mhecloud.mcgraw-hill.com/hm_finance.tpx?todo=printview
1/14
2014年4月11日
1.
Assignment Print View
award:
5 out of
5.00
points
Suppose you can borrow money at 8.6% per year (APR) compounded semiannually or 8.4% per year (APR) compounded monthly.
a. Calculate the Effective Annual Rate. (Do not round intermediate calculations. Round your answers to 2 decimal places.)
8.6%
8.4%
Effective Annual Rate
8.78
%
8.73
%
b. Which is the better deal?
8.4% per year (APR) compounded monthly.
Learning Objective: 05-05
Compare interest rates quoted over different time intervals-for example, monthly versus annual rates. Worksheet
Suppose you can borrow money at 8.6% per year (APR) compounded semiannually or 8.4% per year (APR) compounded monthly.
a. Calculate the Effective Annual Rate. (Do not round intermediate calculations. Round your answers to 2 decimal places.)
8.6%
8.4%
Effective Annual Rate
8.78 %
8.73 %
b. Which is the better deal?
8.4% per year (APR) compounded monthly.
Explanation:
Some values below may show as rounded for display purposes, though unrounded numbers should be used for the actual calculations.
a.
Semiannual compounding means that the 8.6% loan really carries interest of 4.3% per half year.
Similarly, the 8.4% loan has a monthly rate of 0.7%.
Compounding
APR
Period
8.6% 6 months (m = 2/yr)
8.4% 1 month (m = 12/yr)
Effective Annual Rate
1.0432 − 1 = 0.0878 = 8.78%
1.00712 − 1 = 0.0873 = 8.73%
b.
Choose the 8.4% loan for its slightly lower effective rate.
http://ezto.mhecloud.mcgraw-hill.com/hm_finance.tpx?todo=printview
2/14
2014年4月11日
2.
Assignment Print View
award:
5 out of
5.00
points
Old Time Savings Bank pays 4% interest on its savings accounts. If you deposit $1,000 in the bank and leave it there, how much interest will you earn in the first year? The second