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
yanalaym [24]
1 year ago
10

The contractual interest rate is always stated as a(n)_____ monthly rate. annual rate. daily rate. semiannual rate.

Business
1 answer:
KIM [24]1 year ago
8 0

The contractual interest rate is always stated as an annual rate.

Annual percentage rate refers to the yearly interest which is generated by a sum that is charged to borrowers or paid to investors.

APR is expressed as a percentage which represents the actual yearly cost of funds over the term of a loan or any income earned on an investment. This includes any fees or the additional costs which are associated with the transaction but does not take into account the compounding.

The APR provides  the consumers with a bottom-line number which they can compare among lenders, credit cards, or investment products.

To know more about annual interst rate here:

brainly.com/question/13042677

#SPJ4

You might be interested in
Determine the average rate of return for a project that is estimated to yield total income of $936,000 over eight years, has a c
Feliz [49]

Answer:

18%

Explanation:

The computation of the average rate of return is shown below:

The average of annual income is

= $936,000 ÷ 8 years

= $117,000

And, the average investment is

= ($1,200,000 + $100,000) ÷ 2

= $650,000

Now the average rate of return is

= $117,000 ÷ $650,000

= 18%

6 0
3 years ago
Explain briefly how the role of leader impacts the goals and objectives of an organization.
stealth61 [152]

A leader has more responsibility than a "peasent" or commener.

6 0
4 years ago
How is the unemployment rate calculated?
nasty-shy [4]

Answer:

hi, tge answer is C - Number of Unemployed Persons / Labor Force.

7 0
3 years ago
First City Bank pays 9 percent simple interest on its savings account balances, whereas Second City Bank pays 9 percent interest
4vir4ik [10]

Answer:

Future value is $14,944.22

Interest earned is $7444.22

Explanation:

The amount to earn from Second City Bank is the interest that would have been received at the end of the eight years,

In order to determine the amount of interest,it would be nice to first of all compute the future value-the worth of the savings at the end of eight year using the below formula:

FV=PV*(1+r)^N

PV is the $7,500 invested

r is the compound rate of return is 9%

N is the number of years the amount was invested which is eight years

FV=$7,500*(1+9%)^8

FV=$ 14,944.22  

Hence Interest =FV-PV

                         =$ 14,944.22 -$7,500

                         =$7444.22

7 0
3 years ago
A vertical analysis calculates percentages to compare the parts of an individual statement to the whole. For example, on an inco
vichka [17]

Answer:

1. True

Explanation:

Vertical analysis the the percentage calculation of each item of Income statement with Gross revenue. We calculate the percentage of Gross margin which is the percent of Gross income and gross sales. Just like this the COGS to sales, Net income margin, operating income margin and operating expenses to sales ratio are calculated in vertical analysis to check the sensitivity of each part of the income to the gross income.

Ye it is true that A vertical analysis calculates percentages to compare the parts of an individual statement to the whole. For example, on an income statement, each item could be shown as a percentage of net sales.

7 0
3 years ago
Other questions:
  • A survey asked people "on what percent of days do you get more than 30 minutes of vigorous exercise" using their responses, we w
    6·1 answer
  • Edgar uses the cash method to report the income from his software consulting business. A large publicly held corporation has off
    10·1 answer
  • Sammie is planning a persuasive request. What advice should she follow for the opening of her request? a. Capture the reader's a
    6·1 answer
  • Andrew industries purchased 161,000 of raw materials on account in the month of March
    11·1 answer
  • Tri-Mart dismissed an employee who was caught stealing items from the store stockroom. In retaliation, the employee is threateni
    14·1 answer
  • John and Sheryl bought their home for $354,000. They made $129,000 of improvements. They sold the home for $1,085,000 and paid $
    5·1 answer
  • Following are the merchandising transactions for Dollar Store:Nov. 1 Dollar Store purchases merchandise for $1,500 on terms of 2
    7·1 answer
  • Exercise 17-09 a-b (Video) (Part Level Submission) Oriole, Inc. manufactures two products: missile range instruments and space p
    15·1 answer
  • A(n) _____ is a tangible indirect reward provided to employees for organizational membership. Group of answer choices spot bonus
    14·1 answer
  • Sally's health insurance policy requires her to pay the first $500 of medical costs each year before the company will pay any of
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!