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
dedylja [7]
3 years ago
13

Gabrielle daily borrows $1,000 at a 6 percent add-on rate for one year.what is the finance charge?answers

Business
1 answer:
denpristay [2]3 years ago
5 0
P - principle of the loan
FC - finance change or total interest 
N - number of months the loan is force

FC = ($1,000 x .06 x 1) 
FC = $60

Finance charge is $60.
You might be interested in
A ________ is an intermediate step in the transition from a free trade area to a common market.
Natasha2012 [34]

Answer:

A <u>customs union</u> is an intermediate step in the transition from a free trade area to a common market.

8 0
2 years ago
Value Catering uses two measures of activity, jobs and meals, in the cost formulas in its budgets and performance reports. The c
sertanlavr [38]

Answer:

$3,504

Explanation:

Catering supplies = $500 + $76 x j + $14 x m

where,

j = number of jobs in a month

m = number of meals in a month

therefore,

Planning budget for June, use the Actual number of jobs and meals into the formula (Actual Activity).

June Catering supplies = $500 + $76 x 13+ $14 x 144

                                       =  $3,504

Conclusion

The catering supplies in the planning budget for June would be closest to $3,504.

6 0
3 years ago
To complete your degree and then go through graduate school, you will need $95,000 at end of each of the next 8 years. Your Aunt
VARVARA [1.3K]

Answer:

PMT = $95,000

Rate = 4%

Life = 8 years

a. Amount to be deposited today

= PV(Rate, N, -PMT)

= PV(4%, 8, -95,000)

= $639,610.76

b. Amount in account after 3rd withdrawal

= PV(Rate, N, -PMT)

= PV(4%, 5, -95,000)

= $422,913.12

c. Balance in account after 8th withdrawal

= = PV(Rate, N, -PMT)

= PV(4%, 0, -95,000)

= $0

d. How much would you have at the end of 8 years?

= FV(4%, 8, -639610.76)

= $875,351.49

5 0
3 years ago
Listed below are the lengths (in inches) of each snake in the Clarmont Zoo’s reptile house
Elanso [62]
The mode is 50 the most frequent
6 0
3 years ago
Which of the following is not true of a budget
Ulleksa [173]
<span>A. Once you finish making your budget, you should not change it.</span>
6 0
4 years ago
Other questions:
  • Monetary policy administered by the fed is the principal method of softening the effects of the business cycle because _____.
    11·2 answers
  • In a production possibilities​ frontier, a point inside the frontier is A. productively inefficient. B. productively and allocat
    6·1 answer
  • The federal reserve has kept interest rates very low. some might argue that this could lead to
    8·1 answer
  • Which of the following refers to the strategic process of distributing, promoting, and pricing products, and discovering the des
    8·1 answer
  • What are three ways you can prevent others from committing check fraud with your check​
    13·1 answer
  • Check my answers?
    9·1 answer
  • Current Attempt in Progress The following information is available for Zoe’s Activewear Inc. for three recent fiscal years. 2022
    12·1 answer
  • Kim is trying to decide whether she can afford a loan she needs in order to go to chiropractic school. Right now Kim is living a
    11·1 answer
  • Management expert peter drucker said the most important factor of production in our economy is, and always will be,.
    10·1 answer
  • What is the first thing a lender might do if a borrower is late with a payment?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!