Answer: a. 0.72 percentage points
Explanation:
Given the following :
Nominal interest rate(r) = 11.85%) = 0.1185
c = number of compounding periods in a year
p = number of compounding periods rate is required for
Number of weeks in a year = 52 = p = c
Effective interest rate (E) is given as :
E = [( 1 + (r / c) )^p] - 1
E = [(1 + (0.1185 / 52)) ^52] - 1
E = [ (1 + 0.0022788) ^52] - 1
E = [1.0022788^52] - 1
E = 1.1256551 - 1
E = 0.1256551
Effective interest rate - Nominal interest rate
0.1256551 - 0.1185 = 0.0071551
(0.0071551 × 100)% = 0.7155% = 0.72%
I believe the answer is B! Let me know if I am right:)
Based on Raph's stable gross monthly income, the maximum total debt allowed per month is<u> $1,044</u>
Most conventional lenders prefer to lend to a person whose debt to income ratio is 36% and below.
Ralph's maximum debt allowed is therefore:
<em>= Debt to income ratio x Stable gross income </em>
= 36% x 2,900
= $1,044
In conclusion, Ralph's maximum debt is $1,044
Find out more about debt to income ratio at brainly.com/question/24814852.
Answer:
Segmentation based on product usage
Explanation:
This is the process where by a Market research is carried out to know the frequency of the customers product usage there by allowing the company to be able to align its product with the given statistics. In other to push up the product usage advertisement campaigns are made to let the customers understand new uses of the products.
Answer:
<h2>NOT FROM NEPAL BUT FROM INDIA .........</h2>
