Answer:
the amount of interest that is collected is $503.75
Explanation:
The computation of the amount of interest that is collected is shown below:
= Cash loan × number of days ÷ total number of days × rate of interest
= $31,000 × 90 days ÷ 360 days × 6.5%
= $503.75
Hence, the amount of interest that is collected is $503.75
This is the answer but the same is not provided in the given options
We simply applied the above formula so that the correct value could come
And, the same is to be considered
<span>If the changes need to be done immediately in order to benefit the health of the client, then IRB approval is not required. The IRB, which stands for Institutional Review Board, is a select group of people that review and regulate biomedical research in which human beings are involved. This group is regulated by the FDA.</span>
Entering into an Alternative Dispute Resolution (ADR) agreement.
Alternative Dispute Resolution is very much akin to arbitration in which the parties that are agreeing to surrender their rights to access the judicial system in a civil court that enables a party to bring a lawsuit against another party that is in said agreement.
I believe the answer is D!
Have a Warm and Wonderful Day!!
Answer:
- <u><em>$19,591.63</em></u>
Explanation:
<u />
<u>1. Calculate the price of the car in a year from now.</u>
This is add the 4% on the current price:
<u />
<u>2. Calculate the amount of money that must be put aside to have $20,800 in a year:</u>
<u />
Use the formula of monthly compound interest, with 6% annual interest
- r = 6% / 12 = 0.06/12 = 0.05
- P = $20,800 / (1 + 0.005)¹² = $19,591.63
