Answer:
10.38%
Explanation:
The formula to compute the effective annual rate of the loan is shown below:
= (1 + nominal interest rate ÷ periods)^ number of period - 1
The nominal interest rate is shown below:
= $250 × 4 ÷ $10,000
= $1,000 ÷ $10,000
= 0.1
Now the effective annual rate is
= (1 + 0.1 ÷ 4)^4 - 1
= (1 + 0.025)^4 - 1
= 1.025^4 - 1
= 10.38%
Since the interest rate is measured on a quarterly basis, we know there are four quarters in a year and we do the same in the calculation part.
This is the answer but the same is not provided in the given options
The responsibility for answering the phones and filing correspondence in addition to the tasks is an example of extension.
<h3>What is an extension?</h3>
- An extension refers to doing an even wider range of tasks in addition to the tasks assigned.
- Task switching is a sort of multitasking that involves switching between several abilities, tasks, or cognitive sets.
- Multitasking is the practice of dividing one's attention among several skills, tasks, or cognitive sets.
- The process of working as an extension involves interspersing and overlapping the execution of various programs. This is frequently accomplished by taking advantage of the discrepancy between a computer's quick processing power and its slower input/output devices.
- If necessary, put off other chores so that one may focus entirely on the important ones when working as an extension.
- In order to do the assignment on time, one may need to make wise choices, such as calling off a meeting. A good leader may change with the times and deviate from the norm to deal with the problems at hand.
To learn more about Multitasking refer to:
brainly.com/question/15503594
#SPJ4
Your money will double in approximately 11 years and quadruple in approximately 22.
Use the Rule of 72 for doubling (72/interest rate= number of years to double) and the Rule of 144 to quadruple (144/interest rate= number of years to quadruple).
Answer:
A letter by Secretary of State John C. Calhoun to President Tyler linked the idea of absorbing Texas directly to the goal of strengthening slavery in the United States.
Prospective presidential candidates, Henry Clay and Martin Van Buren, met and agreed to reject the immediate annexation of Texas on the grounds it might lead to war with Mexico.
Explanation:
Answer:
A.$2,619
B.$6,800
C.$839
D.$495
Explanation:
Calculation to Determine the amount to be paid in full settlement of each of the invoices,
a) (2,800-200)*99%+45
=2,600*99%+45
=2,574+45
= $2,619
b) (7,600-800)
= $6,800
c)$1,400 – $600 – $16 + $55
=$784+$55
= $839
d)$500 –$5 = $495
