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MrRissso [65]
4 years ago
7

The wet dog surf company borrows $32,000 for 4 months and will pay $1,120.00 interest . calculate wet dog's annual percentage in

terest rate (apr) (rounded to two decimal places).
Business
2 answers:
Hunter-Best [27]4 years ago
6 0
The formula is
I=prt
I interest paid 1120
p principle 32000
T time 4/12
R annual percentage interest rate?
Solve for r
R=I÷pt
R=1,120÷(32,000×(4÷12))
R=0.105×100
R=10.5%
Alekssandra [29.7K]4 years ago
6 0

Answer:

10.5%

Explanation:

Amount borrowed = 32,000

Interest amount = 1120 for 4 months

Interest paid in 12 months = 1120*3 = 3360

Interest %age = (3360/32000)*100

                        = 10.5%    

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3 years ago
If the coupon rate on a bond is higher than the yield to maturity, Multiple Choice the bond sells at a discount. the coupon rate
Law Incorporation [45]

Answer:

the current yield on the bond is lower now than when the bond was originally issued.

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A yield to maturity can be defined as the bond's total rate of return required by the secondary market while the coupon rate is defined as the annual interest of a bond divided by its face value.

Hence, if the coupon rate on a bond is higher than the yield to maturity, the current yield on the bond is lower now than when the bond was originally issued.

7 0
3 years ago
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To verify the accuracy of his rental history

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4 0
3 years ago
Although the discount stores in Goreville central shopping district are expected to close within five years as a result of compe
rosijanka [135]

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8 0
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Answer:

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6 0
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