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klio [65]
2 years ago
5

Our credit card company quotes you a rate of 14.9%. interest is billed monthly.What is the actual rate of interest you are payin

g?
Business
2 answers:
Anna11 [10]2 years ago
8 0

Answer:

15%

Explanation:

because most company don't want to calculate interest of decimal number so they rounded it

maxonik [38]2 years ago
5 0

Answer: 15.96%

Explanation: im not sure, the rate is said in the question but there's no way its that obvious so

let the PV b = 100

fv = PV(1+r)^n

fv= 100(1+0.149/12)^12

fv= 115.96

115.96 = 100(1+I/Y)^1

1.1596 = 1+I/Y

I/Y = 0.1596, or 15.96%

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andreyandreev [35.5K]

Answer:

The answers to all 3 questions are:

1. Norway

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Explanation:

Just completed the 2020 Edge Assignment

7 0
3 years ago
Read 2 more answers
Soft drink sales are declining as more consumers are concerned about their health. This represents a change in the __________. A
Firlakuza [10]

Answer:

product concept

Explanation:

The definition of the product concept implies that customers prefer goods that have higher quality, price, and functionality than a standard product. In some niche markets such as computers and mobile phones, the definition is really true.

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6 0
3 years ago
Susan's father warned her about buying real estate. He told her that it was her responsibility to determine the facts about a pr
Margarita [4]

The legal issue that  Susan's father  was advising her about is: Caveat emptor.

<h3>What is Caveat emptor?</h3>

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Hence,  Susan's father advising her about Caveat emptor which is why he told her facts to obtain a thorough inspection before buying or purchasing the real estate.

Learn more about Caveat emptor here:brainly.com/question/14565508

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8 0
2 years ago
Art's Market barrows $25,000 for three years at 8 percent. Payments are quarterly. Which of these inputs correctly computes the
Ratling [72]

Answer: A. N = 12; 1 = 8/4; PV = 25,000; FV = 0; CPT PMT

Explanation:

A is the correct option because,

N = 12

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= 3 years * 4

= 12 quarters/ periods.

I = 8/4

The interest rate is 8% but this is stated as a Yearly value which needs to be adjusted to a quarterly value by dividing it by 4.

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5 0
3 years ago
1. Mixed economies have aspects of both
Ronch [10]
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7 0
4 years ago
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