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vaieri [72.5K]
2 years ago
8

It took her 9 more months but Marina has managed to save the full $650 plus more to cover fees to pay off the pay-day loan compa

ny. However, she forgot to account for the interest that had been compounding over time. Considering it is now 275 days later, the remaining loan was $650 and the APR is 47% compounded daily, what is the total amount that Marina must now pay in order to pay off her the loan, accounting for interest?
Business
1 answer:
kondaur [170]2 years ago
7 0
Considering the 47% APR which is compounded daily, after 9 months or 275 days Marina should pay $925.98 to pay off her loan.
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Nastasia [14]

Answer:

C) product life cycle

Explanation:

A product life cycle has 4 stages:

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Unibronx's inverter is a mature product.

3 0
3 years ago
Tonya contributes $150,000 to Swan, Inc., for 80% of the stock. In addition, she loans Swan $600,000. The maturity date on the l
USPshnik [31]

Answer:

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Loans received under $385 should not be reclassified as equity.

Interest expense is determined by multiplication of the money Tonya loans Swan multiplied by the interest rate.

Therefore,

Interest expenses = 600000 x 3%

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8 0
2 years ago
Which of the following statements are examples of labor except:
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Answer:

C) a group of church members gather clothes for a clothing drive for the poor in their community.

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7 0
3 years ago
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Damm [24]

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The correct answer is option B.

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When the demand for inputs increase the input price will not increase much. So, the firms will be able to increase output and the price level will not increase by a great extent.

5 0
2 years ago
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Keith_Richards [23]
Yes,yes, it is.

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4 0
3 years ago
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