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3241004551 [841]
3 years ago
7

You are looking to buy a car and you have been offered a loan with an APR of 5.7 %​, compounded monthly. a. What is the true mon

thly rate of​ interest? b. What is the​ EAR?
Business
1 answer:
lukranit [14]3 years ago
5 0

Answer:

Monthly Interest rate = 0.475%

EAR = 5.85%

Explanation:

a.

APR = 5.7%

Monthly Interest rate = APR / n

Monthly Interest rate = 5.7% / 12

Monthly Interest rate = 0.475%

b.

APR = 5.7%

m = 12

EAR = [ ( 1 + (APR / m))^m] - 1

EAR = [( 1 + (0.057 / 12))^12] - 1

EAR = [( 1 + 0.00475 )^12] - 1

EAR = [( 1.00475 )^12] - 1

EAR = 1.0585 - 1

EAR = 0.0585

EAR = 5.85%

True monthly rate of​ interest is 0.475%

EAR is 5.85%

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Answer:

A.

Explanation:

Based on the answers provided it can be said that in this scenario statement "A" is true, The employee is prohibited from selling the U.S. Government bonds unless he is registered as an agent in that State. Any agent trying to sell a security in that State, needs to be registered or fall under an exemption provided from registration, and since no exemption is provided to agents of broker-dealers that offer U.S. Government securities he needs to be registered.

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4 years ago
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dem82 [27]

Answer:

The answer is E.

Explanation:

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4 years ago
Scanner data are used in quantitative research obtained from scanner readings of Universal Product Code (UPC) labels at checkout
Margaret [11]

Answer:

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Explanation:

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4 years ago
All levels of management between the supervisory level and the top level of the organization are termed _____________. a. middle
ANEK [815]

Answer:

a. middle managers

Explanation:

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hence, all other options are wrong

7 0
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drek231 [11]

Answer:

The answer is below

Explanation:

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3 years ago
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