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
miskamm [114]
1 year ago
11

You get an offer for a credit card that charges 13.99% interest APR, compounded monthly. What effective annual interest rate doe

s this credit card charge?
Business
1 answer:
nirvana33 [79]1 year ago
3 0

14.9228% effective annual interest rate does this credit card charge.

What is interest?

Interest is the fee you charge for lending money or the expense of borrowing it. The actual amount plus interest must be paid, plus a percentage.

The annual interest rate formula is

EAR=(1+r/m)m−1

r = interest

m = monthly

EAR= (1+13.99% / 12)12−1

EAR= (1+0.139912)12−1

EAR = 0.149228

EAR = 14.9228%

Hence, the significance of the interest is aforementioned.

Learn more about on interest, here:

brainly.com/question/13324776

#SPJ1

You might be interested in
Three highly similar and competitive income-producing properties within two blocks of the subject property have sold this month.
EastWind [94]

The overall capitalization rate by direct market extraction assuming each property is equally comparable to the subject is 11.4%

Explanation:

Capitalization is the accounting of expenditures and the regular distribution of investments in fixed reserves over future years. Capitalisation, in other words, includes an expense usually documented in a temporary account and reported as an income account on a permanent basis.

Take the average of the three property capitalization rates to find the overall capitalization rate.

4 0
3 years ago
The term ___________ is a popular way to describe the recession-expansion pattern followed by the economy.
UNO [17]
The term BUSINESS CYCLE is a popular way to describe the rescission-expansion pattern followed by the economy. 
5 0
3 years ago
The first part of setting strategic direction for an organization is to analyze the external and internal environments by prepar
ivanzaharov [21]

Answer:

Vision Statement

Explanation:

The first part of setting strategic direction for an organization is to analyze the external and internal environments by preparing a SWOT {Strengths , Weakness , Opportunities , and Threats } analysis. Once the SWOT is complete , the next step is to create a clear and compelling statement describing the inspirational long-term desired change resulting from an organization's work , called <u>Vision Statement.</u>

Vision Statement is a important point in strategical  planning. It tells what an organization intended to achieve or we can say it highlight the objective of the organization .

Vision Statement should we s<u>hort , simple and clearly specified.</u> It plays an i<em>mportant role</em> in an organization .    

3 0
3 years ago
The PTA is holding a raffle. The prize is a camera worth $200. Each raffle ticket costs $5. One hundred tickets are sold and a w
Illusion [34]

Expected value of the purchase of a ticket would be $3.00.

<u>Explanation</u>:

Given,  

Raffle ticket costs = $5.00.  

The prize = $200.  

One hundred tickets are sold = 100 × 5  

                                                  = $500.00  

champ is drawn and given the prize of worth $200.  

                           $500 - $200 = $300  

So the normal estimation of the bought ticket = $3.00  

The expected estimation of the acquisition of a ticket would be $3.00.

   

5 0
3 years ago
Read 2 more answers
Despite trade restrictions, international business is a. struggling for survival. b. decreasing. c. slowing down. d. moving slow
vlabodo [156]

Answer:

The answer is e. growing

Explanation:

The reason international business will continue to grow is because no nation can meet all its needs by itself. There will always be importation and exportation. This is where Comparative Advantage comes in.

What is comparative advantage?

  • Simply put, this is the ability of a company or an economy to produce and sell goods and services at a lower price than its competitors, and still realize a larger sales margin. This theory was introduced by the English political economist David Ricardo in 1817.

Another reason why international trade will continue to grow is because of Absolute Advantage.

  • Absolute advantage refers to the ability of an economy or a company to produce more or better goods and services than its others.

Let us assume that country A cannot produce its own oil, but country B can. In this scenario, country B has Absolute advantage over country A, therefore country A will naturally import oil from country B regardless of whether there are trade restrictions between them. This is because country A must fulfill its oil needs whether it likes it or not.

3 0
3 years ago
Other questions:
  • An effective 12.68% per year, compounded monthly is the closest to:
    8·1 answer
  • El Salvador has a population density of about 620 people per square mile and neighboring Honduras a population density of about
    10·1 answer
  • In the past, how have you handled receiving conflicting instructions from different people at the same time?
    14·1 answer
  • Which of the following is the best reason for researching and comparing colleges’ curricula before making a final decision?
    15·2 answers
  • Harmon recently quit his job that he had worked at for the past 10 years in
    11·1 answer
  • ⇒PsAlM 56:3⇔⇔ when i am afraid i put my trust in you&gt;
    13·1 answer
  • A corporation declares $25 million in net income, $1 million in preferred stock dividends, and $7 million in common stock divide
    8·1 answer
  • Which method would interest groups most likely use to help shape public policy? enacting regulations to enforce their goals hiri
    9·1 answer
  • A popular football player at a college who is able to influence the buying decisions of fans would best be described as a(n) ___
    8·1 answer
  • Poka Yoke uses a number of devices to mistake-proof a process. Which of the following would NOT be included?A)Fixture templatesB
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!