Your bank offers you a $40,000 line of credit with an interest rate of 1.75 percent per quarter. the loan agreement also requires that 2 percent of the unused portion of the credit line be deposited in a non-interest bearing account as a compensating balance. your short-term investments are paying 0.20 percent per month. what is your effective annual interest rate on this arrangement if you do not borrow any money on this credit line during the year

Sam robinson borrowed $21,000 from a friend and promised to pay the loan in 10 equal annual installments beginning one year from the date of the loan. sam’s friend would like to be reimbursed for the time value of money at a 9% annual rate. what is the annual payment sam must make to pay back his friend?

What do you think: would it be more profitable to own 200 shares of penny’s pickles or 1 share of exxon? why do you think that?

Three students were applying to the same graduate school. they came from schools with different grading systems. student gpa school average gpa school standard deviation thuy 2.9 3.2 0.8 vichet 83 75 20 kamala 8.6 8 0.4 which student had the best gpa when compared to other students at his school? explain how you determined your answer. (enter your standard deviation to two decimal places.) correct: your answer is correct. had the best gpa compared to other students at his school, since his gpa is 2.25 incorrect: your answer is incorrect. standard deviations correct: your answer is correct. his school's average gpa.