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2 years ago

A $150,000 loan has monthly interest-only payments of $1,000. its annual interest rate is:________

Business

1 answer:

kow [346]2 years ago

7 0

A $150,000 loan has monthly interest-only payments of $1,000. its annual interest rate is 8 percent. Option C

This is further explained below.

<h3>What is the annual interest rate?</h3>

Generally, The annual cost of borrowing money, including any associated fees, is referred to as the Annual Percentage Rate (APR). This rate is given as a percentage.

In conclusion, The equation for Rate is mathematically given as

R= payment / principal,

Where

$1,000 x 12 = $12,000

Therefore

$12,000 / $150,000 principal

Rate = 8%.

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complete question

A $150,000 loan has monthly interest-only payments of $1,000. Its annual interest rate is

3 percent.

6.5 percent.

8 percent.

12.5 percent.

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katovenus [111]

Answer:

EPS

2021 $0.00083 per share or 0.083 cents per share

2020 $0.0011 per share or 0.11 cents per share

Explanation:

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2022 2021

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Net income (loss) $76,329 $61,171

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<u>Working:</u>

Earning Per share = Net income / Average Number of share

2021

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2022

Earning Per share = $76,329 / 69,390,000 = $0.0011 = 0.11 cents

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3 years ago

What is an example of the kinds of choices that person might have to make because of scarcity?

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Explanation:

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3 years ago

The standard quantity of materials allowed is computed as a.Unit Quantity Standard × Normal Output. b.Unit Quantity Standard × A

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Option B

The standard quantity of materials allowed is computed as Unit Quantity Standard × Actual Output.

<h3><u>Explanation:</u></h3>

A standard is a benchmark or "pattern" for ranking production. In managerial accounting, standards associated with the price and quantity of inputs utilized in producing goods or rendering services. The "standard quantity provided for the actual output" indicates the number of the input that should have been practiced to generate the actual output of the session.

It is measured by squaring the standard amount of input per unit of output by the actual output. To scale production, actual quantities accepted are related to standard quantities enabled.

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3 years ago

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Answer:

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4 years ago

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san4es73 [151]

Answer:

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3 years ago

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