1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
xxTIMURxx [149]
2 years ago
11

A next monthly interest payment on a loan with a principal balance of $19,531 is $109.86. what is the interest rate on the loan?

Business
1 answer:
8_murik_8 [283]2 years ago
7 0

The next monthly interest payment on a loan with a principal balance of $19,531 is $109.86. 6.75% is the interest rate on the loan.

The interest rate is the percentage of the loan that the borrower pays to the lender. Most loans pay interest in addition to the principal. Lending rates are usually expressed in his APR or APR which includes both interest and fees.

Monthly Interest Payment means the amount of interest payable on the Payment Date for the preceding Interest Period based on the interest calculated at the Monthly Interest Rate for the preceding Interest Period.

Interest is an additional payment known as interest on top of the principal paid to a lender for the right to borrow money.

Learn more about monthly interest payment at

brainly.com/question/2151013

#SPJ4

You might be interested in
Samantha, a famous artist, has a contract with Alec to paint his portrait for $6,000. Samantha is very busy and wants to delegat
Svetlanka [38]

Answer:

B. Not honor the delegation because the contract is based on personal skill.

3 0
3 years ago
Swifty Corporation reported net sales of $690000, $730000, and $828000 in the years 2016, 2017, and 2018, respectively. If 2016
Flura [38]

Answer:

120%

Explanation:

Given net sales;

Year 1996 = $690000

Year 1997 = $730000

Year 1998 = $828000

With 1996 as the base year, it means the percentage of any year can be computed by dividing the net sales for that year with the net sales for 1996 and expressing the results as a percentage.

1998 sales as a percentage of  the base represents

= $828000/$690000

= 1.2

Expressed as a percentage, this is 120%.

3 0
2 years ago
What are three advantages and three disadvantages of globalization
umka21 [38]
Living dying survival food water animals according to my ficisallogu Shri
5 0
2 years ago
The required volume of output to produce the motors will not require any incremental fixed overhead. Incremental variable overhe
Ludmilka [50]

Answer: Income will increase by $16 per unit

Explanation:

Your question isn't complete but the completed question was gotten online and would be used in answering the question accordingly.

The effect on income if Derby decides to make the motors will be calculated thus:

In-house:

Direct material = 38

Direct labor = 50

Overhead (Incremental) = 21

Total variable cost = 109

Outside:

Cost of supply = 125

Therefore, the income per unit will increase by (125 - 109) = 16.

3 0
3 years ago
What is the value of a $1,000 investment that loses 5% each year for 8 years?
boyakko [2]

600

Explanation:

Principal amount = 1000

time = 8 years

rate of losing = 0.05

A = 1000 (1 - 0.05 (8))

A = 1000 ( 1 - 0.4)

A = 1000 (0.6)

A = 600

4 0
2 years ago
Read 2 more answers
Other questions:
  • Which materials recycling would reduce the largest portion of america's trash?
    8·1 answer
  • Jason Herman works part-time as a retail clerk at a local bookstore. One night while his manager was out of town, Jason decided
    10·2 answers
  • Job-Order Costing and Decision Making [LO2-1, LO2-2, LO2-3]
    5·1 answer
  • _____ is Gross Domestic Product divided by a country's population.
    12·2 answers
  • The​ stockholders' equity of Kowalski Company at the beginning and end of 2018 totaled $ 122 comma 000 and $ 140 comma 000​, res
    12·1 answer
  • An analysis of comparative balance sheets, the current year’s income statement, and the general ledger accounts of Hailey Corp.
    15·1 answer
  • What is the biggest difference in who controls the 401(k) and IRA retirement plans? a. IRA is intended for a stable retirement i
    5·2 answers
  • Who is the world 2nd world richesten?​
    10·1 answer
  • Anthony has a college savings account with $8,657 in it. He has $347 in his checking account.
    15·1 answer
  • What is a contributing factor to the varied levels of economic development across the eastern mediterranean sub-region?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!