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iVinArrow [24]
2 years ago
8

Nicolas signed an installment agreement to borrow $1,000 for 3 years to be paid back monthly. The cost of the loan is $195.56. W

hat is the APR
Business
1 answer:
vova2212 [387]2 years ago
7 0

Annual percentage rate or APR is a credit card's interest rate is the price you pay for borrowing money. For credit cards, the interest rates are typically stated as a yearly rate. This is called the annual percentage rate (APR).

Now, According to the Question,

We are Given :-

  • Amount Financed = $1,000
  • Time = 3 Years, paid back monthly
  • Cost of Loan = $195.56

<u>CALCULATION</u>

Finance Charge / Amount Financed =

$195.56 / $1,000 = 19.56

Table factor of 19.56 at 36 periods = 12% APR

Therefore the APR for the borrowed money is 12%

To know more about Annual percentage rate or APR, check the links.

brainly.com/question/2940185

brainly.com/question/2772156

#SPJ4

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Marketers often scan social media to learn more about what customers think. __________ is a technique in which data from a varie
IgorC [24]

Answer:

sentiment analysis

Explanation:

Sentimental analysis is the mining of subjective information from a source material (usually social media), this is aimed at understanding the social sentiment the public has about a brand or service.

Sentimental expressions can be positive negative or neutral. For example a statement from a review: 'I really like their services, they make sure you are satisfied with your purchase.' Is an example of positive sentimental expression.

7 0
4 years ago
On November 1 of year 0, Jaxon borrowed $38,000 from Bucksnort Savings and Loan for use in his business. In December, Jaxon paid
andreev551 [17]

Answer:

$570

Explanation:

The computation of the interest deduction is shown below:

= Interest paid × number of months ÷ (total number of months in a year)

= $3,420  × 2 months ÷ 12 months

= $570

The interest which is deducted in year 0 under the cash method of accounting is $570

And, the two months is calculated from the November 1 to December 31

We simply apply the interest paid formula.

4 0
3 years ago
The goals of Macroeconomics relate to the ______________ to achieve a balanced higher standard of living for a nation.
Setler79 [48]

Answer: Optimization of resource allocation

Explanation: Macroeconomics, in simple words, refers to the study of economy as whole. It focuses on factors, the impact of which is high on economy such as interest rates and national productivity.

One of many concerns that macroeconomics deals with is optimization of resource allocation, which means using resources in that sector which gives the best results and maximum profit to the economy.

6 0
4 years ago
Which of the following explains why a researcher would use an interview instead of an online survey?
uranmaximum [27]

Hey there!

I believe the answer to your question would be B.) The interviewer can record both observations and responses.

In an online survey, you can just put random answers, but in an actual interview, the interviewer can catch you off guard, and they can see expressions and hear tone of voice, to really understand your answer.

Hope it helps and have a great day!

8 0
3 years ago
2. A company's board of directors votes to declare a cash dividend of $.80 per share of common stock. The company has 16,000 sha
jeyben [28]
Answer for the first one is $12,800
6 0
4 years ago
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