Which one of the following statements concerning interest rates is correct?

(A) The stated rate is the same as the effective annual rate.
(B) Banks prefer more frequent compounding on their savings accounts.
(C) The annual percentage rate increases as the number of compounding periods per year increases.
(D) An effective annual rate is the rate that applies if interest were charged annually.
(E) For any positive rate of interest, the effective annual rate will always exceed the annual percentage rate.

Grey company holds an overdue note receivable of $800,000 plus recorded accrued interest of $64,000. the effective interest rate is 8%. as the result of a court-imposed settlement on december 31, year 3, grey agreed to the following restructuring arrangement: reduced the principal obligation to $600,000.forgave the $64,000 accrued interest. extended the maturity date to december 31, year 5.annual interest of $40,000 is to be paid to grey on december 31, year 4 and year 5. the present value of the interest and principal payments to be received by grey company discounted for two years at 8% is $585,734. grey does not elect the fair value option for reporting the debt modification. on december 31, year 3, grey would recognize a valuation allowance for impaired loans of

You were able to purchase two tickets to an upcoming concert for $100 apiece when the concert was first announced three months ago. recently, you saw that stubhub was listing similar seats for $225 apiece. what does it cost you to attend the concert?

Why are there so many types of diversion programs for juveniles