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natulia [17]
3 years ago
9

an 18-month loan with an interest charge of $782.00 is paid off with 5 months remaining. the finance charge refund is​

Business
1 answer:
Marina86 [1]3 years ago
3 0

Hello there!

Answer:

$182.00

Explanation:

In order to solve this, we would need to use the mark up equation:

x^m=y

x = total mark up

m = the amount of months

y = interest paid

Your equations should look like this:

x^18 = 782.

Now we solve.

x = 1.447^( 1/18) = 1.0208 (this would be the rate per month)

1.0206^13 = 1.303 (this would be the rate for 13 months, since he has 5 months remaining)

782/1.303 = 600

782 - 600 = 182.00

After solving, you would have $182.00 of financed refunded.

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Answer:

In the modern situation of Rockville Enterprises, it is producing wood functioning tools and situated in Evansville, following are the description whether Rockville Enterprise is a defensive commotion in non-ordinary conditions or not.

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3 0
3 years ago
Fergie has the choice between investing in a State of New York bond at 4.1 percent and a Surething Inc. bond at 6.8 percent. Ass
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Answer:

The state of New York should offer bonds at 4.76% to make indifference to purchase their bonds than Surething Inc.

Explanation:

the corporation has to pay income taxes while the State of New York do not pay for income taxes thus his yield is after-tax.

Surething Inc after tax rate:

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Currently the corporation bond yield a higher rate than the State of New york (4.76% against 4.10%)

7 0
3 years ago
Century Real Estate’s primary broker is John Kerr. John is licensed as the broker of that company and he is licensed as a broker
fomenos

Answer:

The broker is doing two different jobs; so it is okay to have two different licenses.

Explanation:

In this case, since the broker is doing two different jobs then it is okay for him to have two different licenses. In a hypothetical case that the individual Broker was doing the same job role for two different companies then that would be considered a form of conflict of interest and may cause problems with both firms in the future. Since this is not the case, then he should not have any problem.

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3 years ago
The upper class makes up about 25 percent of the population in the United States. True or False
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Yes that is correct :)
5 0
3 years ago
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I think it's B

I hope it helped you!
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3 years ago
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