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
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%

You might be interested in
A _ is used to apply for jobs or even to collage
Andrews [41]

Answer: application

Explanation:

3 0
3 years ago
Read 2 more answers
acc 340 Checkers uses the periodic inventory system. For the current month, the beginning inventory consisted of 7,200 units tha
LenaWriter [7]

Answer:

$113,700

Explanation:

Last in first out (LIFO) is an inventory management method, in which the cost of the most recent product bought are the first to be charged to expenses.

With regards to the above question, we'll have;

Inventory sold = (12,000 × $13.5) + (900 × $13) = $173,700

Ending inventory = [7,200 × $12] + [(3,000 - 900) × $13]

Ending inventory = $86,400 + $27,300

Ending inventory = $113,700

Therefore, the ending inventory using LIFO is $113,700

8 0
3 years ago
An increasingly important advantage of the limited liability company is that its members?
victus00 [196]

An increasingly important advantage of the limited liability company is that its members are "able to deduct its operating losses against the member's regular revenue to the extent permitted by law".

<h3>What do you mean by limited liability company?</h3>

A Limited Liability Company (LLC) is refers to as a type of organization in which the members of that company is not liable for the losses occur in the business. The duties and responsibilities regarding losses are restricted here.

Adding to it, that means if the company fails to pay off its losses or debts to creditors, the personal assets of the members will not be added while paying the debt.

It is an enterprise structure that is the combination of the pass-thru taxation that is related to a partnership or sole proprietorship along with the rules of the company.

The main advantage of this type of company is that the members of that LLC can reduce their all operating losses like travelling, insurance, office supplies, payroll etc.

Moreover, the other benefits of Limited liability company include that this is more flexible than the other corporations and it provides different rights, classes and preferences to their members or managers.

Learn more about limited liability company, refer to the link:

brainly.com/question/3521418

#SPJ4

8 0
1 year ago
Sometimes word of mouth and expert recommendations cause a product to become more popular. However, the firm that produces this
3241004551 [841]

Answer:

Invariably, the cost of the product will rise. A relatively increase in supply parts directly influences the price of a product.

6 0
3 years ago
MY FINAL QUESTION 80 POINTS! TAKE your time :) Look at image below
Sliva [168]

Explanation:

  • Understand your audience. ..
  • Create your blog domain. ...
  • Customize your blog's theme. ...
  • Identify your first blog post's topic. ...
  • Come up with a working title. ...
  • Write an intro (and make it captivating). ...
  • Organize your content in an outline. ...
  • Write your blog post!

this is the guidence how to make blog

I hope u find this helpful

6 0
3 years ago
Other questions:
  • In most interviews (unlike typical conversations), the ratio of speaking turns is uneven. During a typical interview, the interv
    15·1 answer
  • Gross domestic product
    13·1 answer
  • Breaking free: how to work at home with the perfect small business opportunity
    13·1 answer
  • The future value and present value equations also help in finding the interest rate and the number of years that correspond to p
    10·1 answer
  • The main idea in the making ethical decisions box "do we stay or do we go?" indicates: a need for firms to place a higher level
    5·1 answer
  • The return on common stockholders’ equity is computed by dividing a) net income less preferred dividends by ending common stockh
    9·1 answer
  • An asset is purchased by a calendar or fiscal year firm for $60,000 on October 1, 1997. The asset has a useful life of four year
    11·1 answer
  • If there is capital flight from the United States, then the demand for loanable funds a. shifts left while the supply of dollars
    7·1 answer
  • Wims, inc., has current assets of $5,000, net fixed assets of $23,000, current liabilities of $3,500, and long-term debt of $7,9
    10·1 answer
  • Mike Finley wishes to become a millionaire. His money market fund has a balance of $403,884 and has a guaranteed interest rate o
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!