Anna’s bank gives her a loan with a stated interest rate of 10. 22%. How much greater will Anna’s effective interest rate be if the interest is compounded daily, rather than compounded monthly? a. 0. 5389 percentage points b. 0. 1373 percentage points c. 0. 4926 percentage points d. 0. 0463 percentage points Please select the best answer from the choices provided A B C D.

You are working on a bid to build two city parks a year for the next three years. this project requires the purchase of $249,000 of equipment that will be depreciated using straight-line depreciation to a zero book value over the three-year project life. ignore bonus depreciation. the equipment can be sold at the end of the project for $115,000. you will also need $18.000 in net working capital for the duration of the project. the fixed costs will be $37000 a year and the variable costs will be $148,000 per park. your required rate of return is 14 percent and your tax rate is 21 percent. what is the minimal amount you should bid per park? (round your answer to the nearest $100) (a) $214,300 (b) $214,100 (c) $212,500 (d) $208,200 (e) $208,400