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Nadya [2.5K]
3 years ago
12

A credit card issuer charges an apr of 13.50%, and its billing cycle is 30 days long. what is its periodic interest rate?

Business
2 answers:
Serga [27]3 years ago
8 0
Let’s just say that the entire year is 365 days. So, we need to divide the APR (13.50%) to 365. This gives us a value of 0.037% and since the the billing cycle is 30 days, we need to multiply 0.037% to 30 to get it’s periodic interest rate. Therefore, the periodic interest rate is 1.11%.
slavikrds [6]3 years ago
4 0

The answer is 1.11% Apex

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Dave's marketing research returned the finding that customers were staying away from his bookstore because of a lack of services
-BARSIC- [3]

Answer: Knowledge gap

Explanation:

 The knowledge gap is one of the concept that helps in explaining the lack of knowledge about the specific concept and by identifying our own abilities, skills and knowledge we can easily identity our main factor of the lack of knowledge.

According to the given question, Dave is basically suffering from the knowledge gap as Dave is unaware about the fact that why people are satisfying away from his store.

 Based on the marketing research method he analyze that due to the lack of various types of services such as no return policies, gift cards offers and also the various types of special discount offers the people shows no interest in his book store.

 Therefore, Knowledge gap is the correct answer.  

6 0
3 years ago
A budgeting strategy of setting aside at least 10% of after-tax income for saving and investing.
Mama L [17]

Pay yourself first is the budgeting strategy that is achieved by setting aside minimum of 10% of after-tax income for saving.

The term called "Pay yourself first" means a finance strategy which helps to increase and ensure consistent savings and investment.

  • The goal of the budgeting strategy called "Pay yourself first" helps to ensure income is first saved or invested before the expenses start to decline the income..

In conclusion, Pay yourself first is the budgeting strategy that is achieved by setting aside minimum of 10% of after-tax income for saving.

Read more about Pay yourself first:

<em>brainly.com/question/14556215</em>

3 0
2 years ago
Rabbit population can double every 30 days, if there are 26 rabbits on a farm, how many rabbits will be on the farm after 240 da
hichkok12 [17]
<span>With a period of 30 days, across 240 days there will be 240/30=8 separate periods where the population doubles. Therefore the population at the end of the time period will be the original, 26, times 2 raised to the 8th power, or 26*2^8 = 26*256=6656.</span>
3 0
3 years ago
Devin is, a private investor, purchases $1,000 par value bonds with a 12 percent coupon rate and a 9 percent yield to maturity.
melisa1 [442]
The par value of a bond is the amount issuer promises to pay the bond-holder on the maturity date.

The overall return depends on when the bond was bought.  The closer to the maturity date, the lower the overall return, or yield-to-maturity (YTM).
If the YTM has been quoted as 9%, it means that the effective yield from today to the maturity date is 9%, according to the current price, and accounting for the 12% coupon, if applicable.
So Devin will earn a return of 9%.


5 0
3 years ago
John Harper has borrowed $17,400 to pay for his new truck. The annual interest rate on the loan is 9.4 percent, and the loan nee
Vikentia [17]

Answer:

$4,953

Explanation:

Given by the question, we have:

+) Present value of annuity  = $17,400

+) Return on the investment = annual interest rate on the loan = 9.4%

The type of this annuity is annuity due.

We have the equation to calculate the present value of annuity due as following:

PV Annuity Due = P × [1 - (1 + r)^(-N)]/r × (1+r)

=> P = PV Annuity Due ÷ {[1 - (1 + r)^(-N)]/r × (1+r)}

In which:

+) P: Annual payment

+) r: annual interest rate = 9.4% = 0.094

+) N: Number of payments = 4 (As the loan is repaid in 4 payments)

+) PV Annuity Due = 17,400

=> P = 17,400 ÷ {[1 - (1 + 0.094)^(-4)]/0.094 × (1+0.094)} ≈ $4,953

5 0
3 years ago
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