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3 years ago

Interest is:

2 answers:

4 0

Hey there,

The word (interest) is when you borrow money but there is a little more money you have to add because of the fact that you took there money. So it is basically a charge on your self because you borrowed, they also need to make profit.

Your correct answer would be <span>a charge for the convenience of accessing money stored in your bank account.</span>

anastassius [24]3 years ago

4 0

Answer:

The correct answer is: B

Explanation:

Interest is charged by a creditor or the party lending money to a debtor or the party receiving money for the use of assets, which can be cash, a car, a house and so on. The interest rate is the interest amount expressed as a percentage of the initial value of the asset that was borrowed. In practice, a creditor would charge a lower interest to a debtor who is considered to have a lower default risk and a higher interest to a debtor who is considered to have a higher default risk. Default risk: is the probability that a debtor would be unable to meet the payment obligations of their debt.

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Answer and Explanation:

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3 years ago

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2 years ago

If expected return is less than required return on an asset, rational investors will ________.

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Sell the asset, which will drive down the price and cause the expected return to reach the level of the required return.

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2 years ago

Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of 8,988. The

cluponka [151]

Answer:

$6,809.04

Explanation:

Calculation to determine what her net pay for the month is

Gross Pay (a) $8,988

Less: Deductions

Social Security Tax $557.26

($8,988 * 6.2%)

Medicare Tax $130.33

($8,988 * 1.45%)

Federal income Tax $1,491.37

Total Deductions (b) $2,178.96

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($8,988-$2,178.96)

Therefore her net pay for the month is $6,809.04

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2 years ago

An entrepreneur needs to raise $20,000 for improvements to her factory. She plans to contribute 60 percent of this sum from her

Karolina [17]

Answer:

$8,000

Explanation:

The entrepreneur needs $20,000. She can raise 60% from savings. It means she needs to generate 40% from other sources.

40% of $20,000 is

=40/100 x $20,000

=0.4 x $20,000

=$8,000

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3 years ago