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Citrus2011 [14]
2 years ago
8

The actual interest rate on a loan that is compounded monthly but expressed as an annual rate is referred to as the _____ rate.

Business
1 answer:
Brrunno [24]2 years ago
3 0

annual percentage rate

The effective tax rate of return from an investment for a year, taking into account compound interest, is known as the annual percentage yield (APY). The amount that lenders charge borrowers as a proportion of the principle is called the interest rate. Additionally, it is the sum derived from deposit accounts.

The annual interest produced by an amount that is paid to investors or levied to borrowers is referred to as the annual percentage rate (APR). APR is a percentage that expresses the real annual cost of borrowing money throughout the course of a loan or the revenue from an investment. This does not account for compounding and includes any fees or other expenditures related to the transaction.

To know more about annual percentage rate refer to brainly.com/question/26037117

#SPJ4

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What actions could employers and government take to encourage saving in society?
kozerog [31]
<span>They can set good examples of people that have practiced savings and the result it had given them. Provide seminars of the results and actual computation of savings through targeted years and the possible assets that they may possess through savings. It can also help them avoid some financial problems that they might encounter. </span>
4 0
4 years ago
PLZ HELP. Classify the customer buying motive as rational or emotional.
Lina20 [59]

Answer:

rational

Explanation:

Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.

Buying motive refers to the considerations, urge, emotions or influences that creates the impulse in consumers (customers) to buy a particular good, so as to satisfy their desire or needs.

This ultimately implies that, behind every purchase made by a consumer, there's a consideration, urge or feeling to satisfy that desire or needs l, this is generally referred to as buying motive.

In Economics, buying motives are classified into five (5) main categories and these include;

I. Acquired and Inherent buying motives.

II. Conscious and Dormant buying motives.

III. Physical, Psychological and Sociological buying motives.

IV. Primary and Selective buying motives.

V. Rational and Emotional buying motives.

A rational buying motive is typically based on the consumer's logical and economical consideration of a product in terms of price, durability, need, quality, etc. Thus, it involves a careful consideration of a product rather than feelings as in emotional buying motive.

In this scenario, Mark buys a particular brand of frozen food because it is economical for him. Thus, the buying motive would be classified as rational.

6 0
3 years ago
Prompt: Suppose a consumer values Chick-Fil-A sandwiches at $5 each. Additionally, suppose that this consumer also goes to Chick
asambeis [7]

Demand is the amount of goods and services that an individual buys.

<h3>What is demand?</h3>

It should be noted that demand simply means the amount of goods and services that an individual buys at a particular price and at a given time.

b. The consumer currently demand a Chick-Fil-A sandwich as the amount equates to the price.

c. If Chick-Fil-A were to decrease the price on Chick-Fil-A sandwiches from $5 to $2.50 when the consumer arrives at the location, the quantity demanded will increase.

d. If the consumer now has $10 after finding $5 along their way to Chick-Fil-A, the quantity of Chick-Fil-A sandwich demand by the consumer assuming that the price of a Chick-Fil-A sandwich is stays constant at $5 will increase. This relates to the law of demand

Learn more about demand on:

brainly.com/question/1245771

#SPJ1

4 0
2 years ago
What traits or characteristics made Tyler Perry, Steve Jobs and Jeff Bezos successful.
Tcecarenko [31]
It all matters when it comes down to personality. All of those successful people became like that because of how they portray themselves to society. Some characteristics or traits they would need/have, are: funny, confident, helpful, kind, loyal, has self control, honest, and self sacrifice.
.
Hope this helped :))
6 0
3 years ago
A construction worker was working at the construction site of a new building. An open elevator, which had been installed in the
Lostsunrise [7]

Answer:

No, because the worker was not in danger while on the stalled elevator.

Explanation:

Product liability is defined as the liability that the producer of a good bears for putting a defective or dangerous product in the hands of the consumer.

For any injury done to the consumer, the producer is liable.

However in this scenario when the elevator stalled he was in no danger, but after waiting 15 minutes for help, he became anxious and jumped 12 feet to get out. He severely injured his back when he landed.

The injury was not as a result of product defect. So the worker is not likely to obtain a judgment for 100% of his damages.

3 0
3 years ago
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