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Anarel [89]
3 years ago
11

You are considering a car loan with a stated APR of 5.42​% based on monthly compounding. What is the effective annual rate of th

is​ loan? The effective annual rate is nothing​%. ​ (Round to two decimal​ places.)
Business
1 answer:
Anon25 [30]3 years ago
6 0

Answer:

The effective annual rate is 5.57%

Explanation:

The interest rate that is actually earned or paid on investment or loan including the compounding effect over a given period of time. It is also known as rate.

Effective interest rate = [ ( 1 + r/m )^m ] - 1

Effective interest rate = [ ( 1 + 5.42%/12 )^12 ] - 1

Effective interest rate = [ ( 1 + 0.0542/12 )^12 ] - 1

Effective interest rate = 0.055567 x 100

Effective interest rate = 5.5667% = 5.57%

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Naddika [18.5K]

Answer:

D) nondurable goods

Explanation:

Durable goods or hard goods are goods that retain its value over a long period of time. It isn't totally consumed over time but can be used over a long period of time. E.g. computer, phone etc

Nondurable goods are goods that are consumed in a short period of time.

Intangible goods are goods that are non physical in nature. Example are services.

I hope my answer helps you

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3 years ago
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julia-pushkina [17]

For a promise or order to be considered negotiable, it must of a necessity be an unconditional order for payment. Unlike deals where satisfaction with the goods being purchased is prerequisite for payment, for a negotiable promise or order, payment cannot depend upon any condition or contract. 

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3 years ago
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Karolina [17]

Answer:

True

Explanation:

6 0
2 years ago
Which of the following methods is useful for recovering stolen property
Tju [1.3M]
Since you didn't give any methods to choose from, I will post several that can help a person recover their stolen goods. Contacting the police is the best way to recover your goods. A person should always write down serial numbers of their items such as electronics, guns, etc. The police should document and recover any physical evidence left at the crime scene. If you have jewelry in your home, you should always have a picture of all the jewelry to aid in the recovery. <span />
5 0
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A Devil Team is a team that does not simply agree on what you say, but rather critique your ideas in order to create something b
Marrrta [24]

Answer:

The statement is: True.

Explanation:

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