"every dollar" means P = 1
compounded monthly interest means 12
1(1+(.129/12)^(12(1)) =
in calculator do pemdas
1. .129/12 = 0.01075
2. 0.01075 + 1 = 1.01075
3. (1.01075)^12 = 1.136907156 =
answer = 1.14
Mayfield schools
lcps
Answer:
A. Payday Lending
Explanation:
Payday Lending is common for <em>small lending companies</em> and <u>not banks</u>. They assist clients who have a <em>minimal amount of salary</em> to borrow <u>a small amount of money with a high interest.</u> The amount of money he can borrow will depend on the amount of salary he receives per month. <em>The client will not be required to give any form of collateral</em> for the borrowed money, thus, the client is said to be <em>high-risk</em>. However, he will have to return the money over a<em> short period of time</em> with an interest rate that is high. Though it is easy to get a loan with this kind of service, you have to make sure that you are employed.
<em>Banks prefer to offer loans to people who have a steady income and a certain amount of salary. </em>
Answer:
1. 181.59 is her net pay and she worked 25.25 hours.
Step-by-step explanation:
Answer:
Hello!
Step-by-step explanation:
Annual growth rate is (1+0.15)^12. or 5.35025 or 535.025%
