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
Viktor [21]
1 year ago
14

Myrna borrows $500 at an annually compounded interest rate of 8 percent that she will repay at the end of 10 years. how much wil

l be required to pay off the loan at the end of 10 years?
Business
1 answer:
Burka [1]1 year ago
4 0

Myrna borrows $500 at an annually compounded interest rate of 8 percent that she will repay at the end of 10 years. She will be required to pay off $1,079.46 at the end of 10 years.

    Your loan principal amount, interest rate, and period are all factors in the straightforward loan payment calculation. The principal amount and interest payments are distributed equally across the length of the loan. Although your term's length may vary, you'll normally have 12 payments to make each year.

    Principal: The sum that is deposited into your account when you borrow money. Interest is the fee the lender charges you for a loan. Your interest rate and paid upfront expenses, like as origination fees, are included in your annual percentage rate (APR). Your monthly payments won't fluctuate over the course of the loan because the majority of personal loans have fixed interest rates. Your credit score and credit history impact interest rates; the better your credit score, the cheaper your interest rate will be. Fees: Extra loan costs including origination fees, late fees, insufficient funds fees, and more.

To learn more about loan click here:

brainly.com/question/8347317

#SPJ4

You might be interested in
Pagsasagawa NG angkop na kilos NG pamahalaan tungo sa pagtupad NG mga tungkulin sa pamilihan?
Illusion [34]
Business management
8 0
3 years ago
Business letter for fashin design
Ymorist [56]

Answer:Upon learning of your posting for a Fashion Designer, I felt compelled to submit my resume for your review. With my extensive experience in apparel design and development, as well as my proven commitment to producing high-quality and innovative pieces for globally recognized brands, I feel confident that I would significantly benefit your organization.

From creating initial conceptual drawings and renderings to driving optimal garment design and production, I am well prepared to continue exceeding expectations in fashion design. With my impressive achievements specifically in women’s sportswear, my additional expertise in trend analysis, supplier networking, and diverse design styles position me to thrive in this challenging and creative position with EarthComponentWear.

Highlights of my background include:

Designing and developing women’s sportswear garments over the past 10 years that have been showcased and sold in reputable apparel stores including The Gap and American Eagle.

Demonstrating expertise in draping, fabric/design boards, technical sketches, mock-ups, fittings, alterations, and production.

Earning a reputation for innovative design, a steadfast commitment to top-notch quality and conceptual integrity, and a keen attention to detail.

With my comprehensive experience in fashion design, coupled with my enthusiasm and dedication to achieving success, I believe I could swiftly surpass your expectations for this role. I look forward to discussing the position in further detail.

Explanation:

3 0
3 years ago
5. What is the real rate of interest for an account that offers a 12% nominal rate of return when the rate of inflation is 6% an
Gelneren [198K]

Answer:

Real interest rate= 0.06 = 6%

Explanation:

Giving the following information:

Nominal interest rate= 12%

Inflation rate= 6%

<u>The inflation rate provides the opposite effect on the interest rate. It decreases the purchasing power of an individual. </u>To calculate the real interest rate, we need to deduct the inflation rate.

Real interest rate= 0.12 - 0.06= 0.06

8 0
3 years ago
On December 1, 2018, your company borrowed $15,000, a portion of which is to be repaid each year on November 30. Specifically, y
tino4ka555 [31]

Answer:

Explanation:

The loan will be reported in the December 31, 2019 and 2018, balance sheets, is shown below:-

                              Balance sheet(Partial)

                                                 As of December 31

                                                      2016        2015

Current liabilities

Current portion of long term debt $3,000   $2,000

Long term liabilities

Long term debt                              $10,000   $13,000

Total liabilities                                $13,000     $15,000

On December 2018 we represent the current liability of $2,000 loan because of year 31 December 2019 within of one year and the left portion of the loan represent as long term liability because it is not within one year from the balance sheet.

On December 2019 Loan remains outstanding $13,000 ($2,000 repaid on November 2019) from this amount, on November 30, $3,000 is due. So, $3,000 should be represented as current liability and the left balance $10,000 represented as long term debt.

8 0
4 years ago
what other production activities could studios engage in if they didn't hire these mathematicians and scientists
horrorfan [7]
None because you can not do production with out having some kind of math or science
7 0
4 years ago
Read 2 more answers
Other questions:
  • Direct effects of FDI arise when jobs are created in local suppliers as a result of the FDI and when jobs are created because of
    6·1 answer
  • Southwestern Wear Inc. has the following balance sheet:
    14·1 answer
  • Why would a broker or agent need to do a title search on a piece of property that is being sold?
    7·2 answers
  • An electronic ________ is essentially a collection of personal computers networked together with sophisticated software tools to
    5·1 answer
  • When weather or traffic is bad, you should____your following distance
    13·1 answer
  • Sheila and Joe Wells are married with two dependent children. During 2019, they have gross income of $159,800, deductions for AG
    15·1 answer
  • Differences between financial statement and taxable income were as follows:
    11·1 answer
  • If we compare the betas of various investment opportunities, why do the assets that have higher betas also have higher average e
    11·1 answer
  • What is the MOST likely result of imposing a price ceiling on a particular product?​
    15·1 answer
  • The ability to capture and analyze all customer interactions, generate appropriate responses, and gather data to create and buil
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!