1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nika2105 [10]
3 years ago
9

A credit card company advertises an APR of 15.3%, compounded daily. What

Business
1 answer:
Art [367]3 years ago
7 0

Answer:

B. 16.53%

Explanation:

The effective interest rate is the real interest rate charged by a bank or any other type of lender on a loan.

the formula to calculate effective interest rate = r = (1 + i/n)ⁿ - 1

  • i =15.3%
  • n = 365 days

r = [1 + (15.3%/365)³⁶⁵] -1 = 1.00419178³⁶⁵ - 1 = 1.165287621 - 1 = 0.165287621 ≈ 16.53%

You might be interested in
Freer trade, advances in information technology, and more global customers are pressuring many large global companies to:
Volgvan

Firms are often involve in different kinds of trade. Freer trade, advances in information technology, and more global customers are pressuring many large global companies to shift from functional structures to geographically based divisionalized structures.

There are great advances in information technology (IT). Firms often get benefits of free trade in IT as they are able to expand their business into other different new areas with less effective charges.

FTA is known to be very good to optimal sharing of resources in the region as it helps to boast the efficiency of economic activities and also increase the stock of a country's technology.

Learn more about trade from

brainly.com/question/3520350

7 0
2 years ago
Give an example of how businesses use demographic information ECONOMICS
trapecia [35]

Businesses often segment the market based on key demographics such as age, gender, income level or marital status, but they also use more precisely defined categories to target specific groups.

3 0
3 years ago
Debts and obligations of a business are referred to as:.
sertanlavr [38]

Answer:

Liabilities

Explanation:

Liabilities are the debts and obligations that a business owes.

4 0
1 year ago
Bayer AG was accused as a participant in an international price-fixing scheme that drove up the costs of rubber chemicals used t
irinina [24]
They need to be out into jail
4 0
2 years ago
in supply chain The competitive characteristics that persuade a customer to choose one company's products over those of another
Stella [2.4K]

Answer:

correct answer is Order winner

Explanation:

in the supply chain, every firm want more profit  

for more profit, they want  increase their supply chain and sell more product  

so in this competitive characteristics customer choose 1 company product over another company with their attractive offers  

so as that order winder is special products and service that attribute desire from the customers that enable the company to win by beating competition in the market  

so correct answer is Order winner

7 0
3 years ago
Other questions:
  • Aloan Co. provides the following sales forecast for the next three months: January February March Sales units 3,000 4,200 5,000
    11·1 answer
  • The local government uses property taxes to pay for goods and services in the community.
    10·1 answer
  • Clementine Import-Export,Inc.,has a language-proficiency test for its sales representatives in Latin America.Part of the test re
    14·1 answer
  • Inferior Company sells products that are poorly made. Jock, who has never bought an Inferior product, files a suit against Infer
    5·1 answer
  • Toby purchased a 20-year par value bond with semiannual coupons at a nominal annual rate of 8% convertible semiannually at a pri
    5·1 answer
  • Rita has just received a major order from Northrop Corporation for her firm's hydraulic lift equipment. After reviewing the orde
    9·1 answer
  • For example, the sticky-price theory asserts that the output prices of some goods and services adjust slowly to changes in the p
    10·1 answer
  • ACTUAL EXPLANATIONS ONLY PLEASE // You project revenue to start at $5,000 for the first month and grow by $200 each month therea
    6·1 answer
  • 10. Parmentier Company uses the weighted-average method in its process costing system. The Molding Department is the second depa
    10·1 answer
  • If your liquid assets equal $15,000 and your total current debts equal $50,000, your liquidity ratio is:
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!