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stellarik [79]
3 years ago
14

You borrow $2,500. you are to pay back the loan in 36 monthly payments of $79.50. what true annual interest are you paying to th

e nearest tenth of a percent?
Business
2 answers:
bija089 [108]3 years ago
5 0

Answer:

9.4%

Explanation:

use I = 2yc / m(n+1)

Pepsi [2]3 years ago
4 0

Answer:

4.8%

Explanation:

36months*$79.50=$2862

$2862-borrowed 2,500=362

362/3 years=$120 2/3

this means that the interest is 120 2/3 /2500, which is 0.048266, or 4.82, or in your case 4.8%

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Answer:

D : 2.17%.

Explanation:

The 26% is an APR(Annual Percentage Rate). This is a quoted rate that  a credit card company charges . It is also known as the  nominal rate.

Since the question is asking for a monthly rate, use the 26% and convert it into monthly rate. We have 12 months in a year; meaning, we will divide the nominal rate by 12;

Monthly rate = APR / n

APR = 26% or 0.26 as a decimal

n = compounding periods = 12

therefore, Monthly rate = 26% /12 = 2.17%

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3 years ago
"Holly, Inc. is a U.S.-based MNC contemplating the acquisition of a Thai firm which will be used to produce computers that will
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Explanation:

In this secanrio we have two firm Holly Inc and Molly inc. Holly inc is interested in acquiring a company in Thailand that produces computers and sells them within Thailand.

Molly Inc on the other hand wants to acquire a Thailand company that will produce computers and export them.

Holly Inc is more sensitive to the economic conditions of Thailand because they want to contribute to the country's GDP and growth by selling computers in Thailand.

Molly Inc however is using Thailand for its production and exporting the computers. It does not contribute to the Thailand economy.

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3 years ago
When more than one vehicle is stopped at an intersection, which vehicle has the right-of-way?
julia-pushkina [17]
The correct answer is C
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adoni [48]

Answer:

Follows are the solution to this question:

Explanation:

The poverty rate is the proportion of those whose income falls below the poverty line, as well as, the official poverty level of 2016 was 12.7% when half of the median family income for the overall population. Below are the highest poverty level features in 2016:

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3 years ago
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