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vladimir1956 [14]
4 years ago
8

On September 14, Jennifer Rick went to Park Bank to borrow $2,500 at 1134% interest. Jennifer plans to repay the loan on January

27. Steven Linden met Jennifer Rick at Park Bank and suggested she consider the loan on exact interest. Calculate the loan for Jennifer under this assumption.
Business
1 answer:
e-lub [12.9K]4 years ago
6 0

Answer:

$2,608.65

Explanation:

The computation of the loan amount is shown below:

But before that first we have to determine the interest which is

= Principal × rate of interest × number of days ÷ total number of days in a year

= $2,500 × 11.75% × 135 days ÷ 365 days

= $108.65

The rate of interest given is 11 \frac{3}{4}

And, the 135 days is from Sept 14 to Jan 27

So, the total amount paid is

= $108.65 + $2,500

= $2,608.65

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Salespeople prepare for presentations by: Multiple select question. planning to go directly to close tailoring the presentation
Andreas93 [3]

Salespeople prepare for presentations by:

  • A. Planning to go directly to close tailoring the presentation to the customer's wants.
  • C. Gathering testimonials when preparing for a sales presentation can be helpful in overcoming customer objection.

<h3>Who are salespeople?</h3>

Salespeople can be defined as the people whose soles and responsibility is to sell company product to customers and to generate sales.

Sales person tend to prepare presentation that will fit in with what the customers want or preference is and the presentation need to convince the customers so as to enable the customers patronize the company in which the sales person work for,

Therefore the correct option is A, C.

Learn more about salesperson here:brainly.com/question/25586322

#SPJ1

5 0
2 years ago
You deposit $2,600 at the beginning of every year for 30 years into an investment that earns 9.5%. At the end of 30 years you pu
Stella [2.4K]

Answer:

Explanation:

First, find the future value of the deposits at the end of 30 years. They are in the form of an Annuity Due, therefore, set your financial calculator to BGN mode;

Total duration; N = 30

One-time present cashflow; PV = 0

Interest rate per year; I/Y = 9.5%

Recurring payment ; PMT = -2,600

then CPT FV = 426,160.32

Next, find the recurring amount of withdrawal for the 25 years. Because this is an ordinary annuity(made at the end of every year), set your financial calculator back to "END" mode;

Total duration; N = 25

Present value; PV = - 426,160.32

Interest rate per year; I/Y = 3.5%

One-time future cashflow FV = 0

then CPT PMT = 25,856.87

Therefore annual annuity amount you will withdraw is $25,856.87

3 0
3 years ago
Ross is the CEO of IO Technological Solutions (IOTS), a multinational company. Ross stresses on a decentralized working environm
Vadim26 [7]

Answer: Clan culture

Explanation:

Clan Culture like the term implies refers to a type of corporate environment where a collaborative nature is encouraged and fostered such that people try to achieve common goals the way a clan would by being united and interested in the growth of one another because this will lead to the growth of the company as a whole.

In being friendly with staff and encouraging top management to try to get their team members to succeed, Ross is following a clan culture. This type of corporate environment is known to be the least competitive type as a result.

7 0
3 years ago
Which of the following acronyms refers to the international forum that was created for member countries to engage in the negotia
Lina20 [59]

Answer:

correct answer is B. GATT

Explanation:

solution

GATT  ( General Agreement on Tariffs and Trade ) it is legal agreement between the many country

there purpose was only to promote for the international trade by reduce barrier like tariff and other trade barrier

and

General Agreement on Tariffs and Trade and its successor World Trade Organization have successfully reduce the tariffs

so correct answer is B. GATT

4 0
3 years ago
A $1,000 face value bond can be redeemed early at the issuer's discretion for $1,030, plus any accrued interest. The additional
Elina [12.6K]

Answer:

call premium

Explanation:

The bonds has certain conditions and one of them is the right of the issuer to purchase the bonds therefore, extinguish the debt before the maturity expressed in the bond. As this is a change to the original terms usually the issuer is forbidden to do so in the first years of the bond or it can do it at given dates. In any case, the issuer pays a premium for this right to compensate the bondholders

8 0
3 years ago
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