Shylock Bank offers a savings account with an effective interest rate of 15% and weekly compounding. What is the nominal rate (APR) on the account?

Briefly describe a few ways the American marketing system is accused of harming the consumer

What will be an ideal response?

A project manager is using the payback method to make the final decision on which project to undertake. The company has a 15% required rate of return and expects a 5% rate of inflation for the following five years

What is the discounted payback of a project that has cash flows as shown in the table? Year Cash Flow 0 -$500,000 1 $50,000 2 $75,000 3 $150,000 4 $150,000 5 $750,000 A) 3.9 years B) 4.3 years C) 4.6 years D) 4.1 years