Determination of effective interest rate
Question: Assume we borrowed ¥1,000,000 at for twelve months at 1% & the spot price then was ¥128/$. At the maturity of the loan, the spot price was ¥120/$. Determine the effective interest rate?
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What is the hydronium ion concentration of a solution of 0.720 M acid and 0.240 M of its conjugate base if the ionization constant is 4.38 x 10-6.
Assume we borrowed ¥1,000,000 at for twelve months at 1% & the spot price then was ¥128/$. At the maturity of the loan, the spot price was ¥120/$.
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