Answer: Sky's effective interest rate on this loan is 8.39%.
In this question, we assume that interest is compounded annually.
Since Sky issues a non-interest bearing note, Star Finance will deduct 7 months' interest at 8% on the Face Value of the loan and pay the rest as principal to Sky.
Face value of the note $16 million
Discount Rate p.a 8%
Tenure of the note 7 months
![Discount on Note = Face Value * Discount Rate * \frac{Tenure in months}{Months in a year}](https://tex.z-dn.net/?f=Discount%20on%20Note%20%3D%20Face%20Value%20%2A%20Discount%20Rate%20%2A%20%5Cfrac%7BTenure%20in%20months%7D%7BMonths%20in%20a%20year%7D)
![Discount on Note = 16 * 0.08 * \frac{7}{12}](https://tex.z-dn.net/?f=Discount%20on%20Note%20%3D%2016%20%2A%200.08%20%2A%20%5Cfrac%7B7%7D%7B12%7D)
![Discount on Note = 0.746666667million](https://tex.z-dn.net/?f=Discount%20on%20Note%20%3D%200.746666667million)
[tex]Loan Amount received by Sky = Face Value - Discount on note[/tex]
![Loan Amount received by Sky = 16 - 0.746666667](https://tex.z-dn.net/?f=Loan%20Amount%20received%20by%20Sky%20%3D%2016%20-%200.746666667)
![Loan Amount received by Sky = 15.25333333 million](https://tex.z-dn.net/?f=Loan%20Amount%20received%20by%20Sky%20%3D%2015.25333333%20million)
So, Sky pays an interest of 0.746666667 on a sum of 15.25333333 for 7 months. This works out to a seven month interest of:
![Seven month Interest Rate = \frac{Interest}{Loan amount}](https://tex.z-dn.net/?f=Seven%20month%20Interest%20Rate%20%3D%20%5Cfrac%7BInterest%7D%7BLoan%20amount%7D)
![Seven month Interest Rate = \frac{0.746666667}{15.25333333}](https://tex.z-dn.net/?f=Seven%20month%20Interest%20Rate%20%3D%20%5Cfrac%7B0.746666667%7D%7B15.25333333%7D)
![Seven month Interest Rate = 0.048951049](https://tex.z-dn.net/?f=Seven%20month%20Interest%20Rate%20%3D%200.048951049)
From this we can work out the effective interest rate for Sky as follows:
![Sky's Effective Interest Rate = Seven month interest rate * \frac{12}{7}](https://tex.z-dn.net/?f=Sky%27s%20Effective%20Interest%20Rate%20%3D%20Seven%20month%20interest%20rate%20%2A%20%5Cfrac%7B12%7D%7B7%7D)
![Sky's Effective Interest Rate = 0.048951049* \frac{12}{7}](https://tex.z-dn.net/?f=Sky%27s%20Effective%20Interest%20Rate%20%3D%200.048951049%2A%20%5Cfrac%7B12%7D%7B7%7D)
![Sky's Effective Interest Rate = 0.083916084](https://tex.z-dn.net/?f=Sky%27s%20Effective%20Interest%20Rate%20%3D%200.083916084)
Answer:
system administrators
Explanation:
System administrators -
It refers to the people , who are incharge to maintain the IT infrastructure of the company , is referred to as system administrators.
The person play an important role in order to maintain the system.
Hence , from the given information of the question,
The correct term is system administrators .
Answer:
monopolistic competition
Explanation:
Monopolistic competition refers to the characteristic of a sector in which several companies offer similar but not flawless replacements for products. Barriers to entry as well as an exit in such a competitive monopoly sector are minimal, and any company's judgments have no direct impact on those of its rivals. Monopolistic competition is strongly linked to the mark distinguishing corporate strategy.
The monopolistic rivalry is a middle way among monopoly with perfect competition, mixing individual elements. Both companies have the same, comparatively low level of market dominance in monopolistic competitiveness; they are all value-makers. The demand is strongly elastic throughout the long run, implying it is vulnerable to price movements
Answer:
Your answer is going to be c.
Explanation:
as soap is meant to wash away germs it has to first kill them.
<u>Complete Question:</u>
The mean absolute error, mean squared error, and mean absolute percentage error are all methods to measure the accuracy of a forecast. These methods measure forecast accuracy by
a. adjusting the scale of the data.
b. determining how well a particular forecasting method is able to reproduce the time series data that are already available.
c. predicting the future values and wait for a pre-defined time period to examine how accurate the predictions were.
d. using the current value to estimate how well the model generates previous values correctly.
<u>Correct Option:</u>
These methods measure forecast accuracy by determining how well a particular forecasting method is able to reproduce the time series data that are already available.
<u>Option: B</u>
<u>Explanation:</u>
The forecast reliability is the level of proximity of the quantity assertion to the real or true value of that quantity in statistics. Typically, at the time the prediction is produced, the real value can not be calculated, as the assumption involves the future.
Accurate sales forecasting is an essential resource that businesses need to have. This helps managing directors gage desire for their goods. It allows companies handle inventories better. Sales forecasting enables businesses to look into the future and schedule their movements strategically to maximize development.