Partners bank offers to lend you $50,000 at a nominal rate of 5.0%, simple interest, with interest paid quarterly. an offer to lend you the $50,000 also comes from community bank, but it will charge 6.0%, simple interest, with interest paid at the end of the year. what's the difference in the effective annual rates charged by the two banks?

Garcia industries has sales of $200,000 and accounts receivable of $18,500, and it gives its customers 25 days to pay. the industry average dso is 27 days, based on a 365-day year. if the company changes its credit and collection policy sufficiently to cause its dso to fall to the industry average, and if it earns 8.0% on any cash freed-up by this change, how would that affect its net income, assuming other things are held constant? a. $241.45b. $254.16c. $267.54d. $281.62e. $296.44

Afamily wishes to save for future college expenses. which financial tool should the family invest in?

Melissa buys an iphone for $240 and gets consumer surplus of $160. a. what is her willingness to pay? b. if she had bought the iphone on sale for $180, what would her consumer surplus have been?