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Pani-rosa [81]
3 years ago
10

Which payment method typically charges the highest interest rate

Business
1 answer:
creativ13 [48]3 years ago
3 0

Payday loans is the method that typically charges the highest interest rate.

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Suppose you decide to deposit $25,000 into a savings account that pays a nominal rate of 15.60%, but interest is compounded dail
leonid [27]

Answer:

the amount after three months is $25,994

Explanation:

The computation of the amount after three months is as follows:

As we know that

A = P × (1 + rate of interest ÷ number of compounding period)^number of compounding period × time period

Where,

A = Accrued amount

P = Principal = $25,000

r = 15.60%

t = 3 ÷ 12 = 0.25

So,

A = $25,000 × (1 + 0.156 ÷ 365)^365 × 0.25

= $25,994

Hence, the amount after three months is $25,994

4 0
3 years ago
The diameter of bearingsis known to have a mean of 35 mm with a standard deviation of 0.5 mm. A random sample of 36 bearings is
timama [110]

Answer:

Explanation:

given,

Mean,μ= 35mm  

Standard Deviation,σ = 0.5mm  

Sample size, n = 36  

Sample Standard deviation =\dfrac{\sigma}{\sqrt{n}}

                                             = \dfrac{0.5}{6}

                                             = 0.0833

The interested diameter is between 34.95 to 35.18 mm  

Calculating the Z score of the for the diameter mentioned.

P(\dfrac{x_1-\mu}{\sigma})

P(\dfrac{34.95-35}{0.0833})

-0.6< Z < 2.16

now, Form Z-table

P(Z

P(Z

Subtracting the value

      = 0.9846 - 0.2741

      = 0.71

Hence, the required probability is that the diameter of bearing is in between  34.95 and 35.18 mm is equal to 0.71.

6 0
3 years ago
Firms classified as being part of the sharing economy and collaborative consumption are still considered too risky to attract su
Galina-37 [17]

Firms classified as being part of the sharing economy and collaborative consumption are still considered too risky to attract substantial venture capital investment. True

Explanation:

Firms that are funded as a apart of the sharing economy are usually never as profitable as the private companies which draw more investors despite their continued success as their business models are not based on producing profits for the higher ups and have a much more horizontal structure in their firm of ownership and responsibility among the workers.

This means that their is less money in it for the investor and the administrator than it is in a top to down job which is usually the case in corporate and there is more assiduity on the work too.

6 0
3 years ago
HURRY! 20 points! Which of the following is the most important requirement for career advancement in art design?
madreJ [45]

Answer:

creativity

Explanation:

i'm in art design and my teacher always pushes for creativity and neatness

4 0
3 years ago
Read 2 more answers
Unavoidable fixed costs are __________.
allsm [11]

Answer:

Irrelevant to the decision of whether to discontinue a product line because they will not differ between alternatives.

Explanation:

Unavoidable fixed costs can be defined as the costs that is sustained by an organization irrespective of if an activity is carried out or not.

Unavoidable costs are the costs that are encountered by a lot of businesses, this cost cannot be prevented even though production activities in the company are suspended in the short-run. These fixed costs are unavoidable and uncontrollable.

Unavoidable fixed costs is as a result of the various risks incurred by an organization inorder to stay relevant in the market. Example of unavoidable costs include tax payment, rental payments.

4 0
4 years ago
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