Answer: 10.11%
Explanation:
The effective annual interest rate on this lending arrangement will be calculated thus:
Interest Paid will be:
= 9% × $21 million
= 0.09 × $21 million
= $1.89 million
Amount Received will then be:
= (21million - 1.89million) - (21million)(0.02)
= $19.11 million - $0.42 million
= $18.69 million
Then, the effective annual rate will be:
= 1.89/18.69
= 10.11%
Therefore, the effective annual interest rate on this lending arrangement is 10.11%.
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Long term unemployment is defined as being unemployed for 27 weeks or more. In this example there are a total of 60 people, 52 people who would be categorized as short term unemployment and 8 people who would be categorized as long term unemployment.
In order to calculate the percentage of unemployment in each category you will need to divide the number in each category by the total number.
Short term = 52/60 = 86.7%
Long term - 6/60 = 13.3%
Answer:
The correct answer is letter "D": demand for consumer goods and services.
Explanation:
Derived Demand refers to the demand proceeding from intermediaries of certain goods or services. This type of demand is typically associated with requests for products (tangibles and intangibles) that have the capacity of producing goods or services.
Thus, <em>the derived demand for industrial products is derived by the demand of the final consumers who are in charge of manufacturing the goods or rendering the service</em>.
The answer is: "brainstorming" .
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"<u> Brainstorming </u><u></u> is the process of creating related ideas in an uncritical and nonevaluative environment."
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