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vaieri [72.5K]
3 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]3 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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The function of marketing that tells customers where they can buy the product and how the product gets there is called
vladimir2022 [97]

Answer:

Place, where the consumer/customer can go when making a purchase on a product.

Explanation:

Good luck, I majored in Business Management

3 0
2 years ago
Carpet Woes. Beau went shopping at ABC Carpet. He saw some carpet he liked but could not make up his mind. The manager at ABC Ca
ella [17]

Answer: The court will apply the predominant-purpose test to determine whether the predominant purpose of the contract was the sale of goods in which case the UCC would apply.

Explanation:

Based on the information given in the question, we should note that the court will apply the predominant-purpose test to determine whether the predominant purpose of the contract was the sale of goods in which case the UCC would apply.

We should note that under a predominant purpose test, it will apply when the transaction involved is Mena for goods sales and not for the service sales.

4 0
3 years ago
If the economy booms, Meyer&Co. stock will have a return of 20.4 percent. If the economy goes into a recession, the stock wi
Mnenie [13.5K]

Answer:

The standard deviation of the returns on the stock is 15.56%(Approx).

Explanation:

Expected Return=Respective return*Respective probability

=(20.4*0.67)+(-12.7*0.33)=9.477%

probability Return probability*(Return-Expected Return)^2

0.67          20.4 0.67*(20.4-9.477)^2=79.93899243

0.33          -12.7 0.33*(-12.7-9.477)^2=162.3003786

Total=242.239371%

Standard deviation=[Total probability*(Return-Expected Return)^2/Total probability]^(1/2)

=15.56%(Approx).

4 0
3 years ago
Several artists in Charleston, South Carolina, show and sell their work in an art gallery downtown. The gallery is owned by an a
Elena L [17]

Answer:

Wholesaler

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The distribution channel is defined or referred to as the overall or whole flow of the information as well as the goods and services from the original manufacturer to the final consumers. And the wholesaler is the one which is known as the distributor, acquire the goods from the manufacturer holds them in the distribution centre and then sells it to the retailers.

So, in this case, in the terms of channel of marketing, the gallery will be referred to as the wholesaler.

4 0
3 years ago
A resident of California sells Nevada real estate in an installment sale. In the current year he receives a return of principal
shepuryov [24]

Answer:

The taxable income is $13000

Explanation:

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Since during the year total amount received is the return of principal, gains, and interest rate. Therefore total amount = 10000 + 2000 + 1000 = $13000

Thus, the total amount received during the years is California taxable income.

7 0
3 years ago
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