Praxis Learn^™by Praxis Learning Solutions

Effective annual rate

Name: Effective annual rate
SKU: PL-MCB-NUM-33
Price: 295 ZAR
Availability: InStock

R295

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In 30 minutes you will work out the effective annual rate of an offer as a percentage to 2 decimals. You will also match the compounding periods to the wording of an offer: monthly, quarterly, half-yearly or annually. And you will compare loan and savings offers on their effective rates and choose the one that really costs least or earns most.

SKU: PL-MCB-NUM-33

Category: Micro courses

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Description

Who it’s for: Anyone in business who works with prices, costs, budgets or reports and wants to be sure the numbers are right.

What happens in it: a short film shows two loan quotes, the lower one costing more, and the conversion that shows the real yearly rate. In Your call you make the decisions in a real case: a forklift loan, a policy limit of 11.60% effective, and three quotes that compound differently. Then, in the boardroom, you make the case to Charl, the CFO, in three questions.

How it works: five scenes in about 30 minutes: the data film, the lesson, Your call, practice with fresh numbers that mark themselves, and the boardroom. Finish all five for your certificate. It is course 3 of 5 in the Money over time season of the Numbers for Business series.