Given:
Principal, P = 26500
term=5 years
Monthly payment, A = 695
Question: Find interest rate
Solution:
Unless there is a table available, there is no explicit formula to calculate interest. However, the interest rate can be solved for using the formula to calculate the monthly payment, as follows.

Substituting
P=26500
i=monthly interest rate to be found
A=monthly payment=695
n=5*12=60 months

Rearrange to give successive estimates of i by
I(i)=(695/26500)*((1+i)^60-1)/(1+i)^60
Try initial estimate of i=0.02 (2% per month)
I(0.02)=0.0182
I(0.0182)=0.01736
I(0.01736)=0.01689
....
Eventually we get the value to stabilize at i=0.016265, or
Monthly interest =
1.6265% (to four decimal places)
Answer:
I need help too, I'm about to fail this
Answer: False, career selection should not be based on salary alone.
Explanation: When choosing a career it is important to consider several aspects such as your abilities to perform the task the job requires and how much you would enjoy the job.
Option C, Transactional leaders do not focus on worker input regarding assigned goals.
<u>Explanation:
</u>
Transactional leadership is an essential component of the Full Range Leadership model and a leadership style focussed on oversight, organization, and performance.
A number of senior military personnel, CEOs of large global companies and NFL trainers are regarded as transactional leaders. Transactional management also works efficiently in police agencies and first responders.
Transactional leaders use rewards and penalties to get their followers to respect them. Furthermore, transaction leaders don't care in relation to transition management for the welfare of workers they are foreign motivators that give the followers’ minimal adherence.
Examples of few transactional leaders: Vince Lombardi, Bill Gates and Howard Schultz.