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N76 [4]
2 years ago
9

Andy has a credit rating of 800, and mia has a credit rating of 585. they both apply for the same loan amount from newton bank.

the bank approves andy’s loan at 6.5%, and mia is charged 4 percentage points more because of her lower credit rating. what interest rate does mia have to pay?
Business
1 answer:
Tanzania [10]2 years ago
3 0

10% interest rate to be paid by Mia.

<h3>What do interest rates mean?</h3>
  • An interest rate indicates how expensive borrowing is or how lucrative saving is. Therefore, if you are a borrower, the interest rate is the sum you pay for borrowing money and is expressed as a percentage of the overall loan amount.
  • The basic interest formula is as follows, for instance, if you take out a $20,000 loan with a five-year term and a 5% interest rate: $5,000 in interest results from multiplying $20,000 by.05 by 5.
  • The nominal interest rate, the effective interest rate, and the real interest rate are the three primary categories of interest rates. The declared rate on which interest payments are computed is the nominal interest on an investment or loan.

10% interest rate to be paid by Mia.

To learn more about the rate of interest, refer to:

brainly.com/question/25793394

#SPJ9

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5 0
3 years ago
_____ refer to special temporary project structures established by a company that are isolated from the rest of the organization
Irina18 [472]

Answer:

Skunkworks

Explanation:

The term skunkworks is mostly used in business and also the technical fields to describe a group that is within an organization that has high autonomy and have tasks that requires them to work on advanced or secret projects. They are allowed to operate outside the usual processes such that they have the freedom to come up with new ideas.

3 0
3 years ago
In table 10.1, what is the number of unemployed in year 1?
kvv77 [185]
I believe the answer is b
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3 years ago
A(n) ______ indicates the maximum quantity of a product that may be brought into a country during a specific time period:
mash [69]

What indicates the maximum quantity of a product that may be brought into a country in a specific period is a quota.

<h3>What does quota mean?</h3>

A quota is the maximum monetary value of a good and service that can be imported into a country for a  specific period.

The purpose of a quota is to restrict the amount of import into a country so as to boost local production of the good for which the quota is placed. Quotas also limit foreign competition.

To learn more about imports, please check: brainly.com/question/26497713

5 0
3 years ago
A new children's hospital is being built in Springfield, and Friendly Corp. has publicly pledged that it will contribute $5 mill
frozen [14]

Answer:

Following are the solution to this question:

Explanation:

By IAS 1 — Annual Report presentation, 3 concepts were all first consideration, its second consistency as well as the third reporting framework related to investment based that can be define as follows:

  • Full accrual basis: its IAS 1 allows an organization to compile all financial reports through an accounting standards basis, with exception of working capital details. Even more cash accounting is a method to record profit or expenditure account balances when they are made.
  • All financial statements throughout the United States were repayment-based. Any cost will not be reported underneath the accrual system once it is accruing. It implies that recognition is irrelevant whenever a company pays cash to pay an expense.
  • Thus the allocation of 2 million to the year that the Pleasant Corp. was created must be listed as just an expense. As well as the remaining payment amount must be listed as expenses once it is paid. Future interventions throughout the current FY should not be published.
  • Also, notice the payment incoming to ensure that you will be prepared when due, but just don't join the way of supporting using the cash method. It simply reports an expense of what you are pay if you make a payment when you choose to use the cash method. Consequently, until the next date, you would not modify your reporting, which is also known as journal entries.
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