Laura borrowed $48,000 at a 6% interest rate for 7 years. what was the total interest?

1 answer:

7 0

Principal Amount P = $ 48000
Rate of interest r = 6% = 0.06
Time interval t = 7
Formula for Interest I = P x r x t => I = 48000 x 0.06 x 7 => I = 2880 x 7
Total Interest for seven years would be $20,160

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kenny6666 [7]

To protect consumers from potentially dangerous manufactured goods, the us government is most likely to use : Regulation
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3 years ago

A generation is about one-third of a lifetime. approximately how many generations have passed during the last 2,000 years?

Marrrta [24]

Life expectancy is about 75 years.
One third:
75 : 3 = 25
So one generation is about 25 years.
2,000 : 25 = 80
Answer:
Approximately 80 generations have passed during the last 2,000 years.

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3 years ago

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Which job analysis method requires subject-matter experts to evaluate a job in terms of abilities required to perform the job

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Answer:

Fleishman Job Analysis System

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Fleishman Job Analysis System. Job analysis technique that asks subject-matter experts to evaluate a job in terms of the abilities required to perform the job. - useful for employee selection, training, and career development Competency.

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2 years ago

Metroplex Corporation will pay a $2.50 per share dividend next year. The company pledges to increase its dividend by 4.70 percen

postnew [5]

Answer: $27.47

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Given: Growth rate = 4.70% per year = 0.0470 per year

Dividend of next year = $2.50

Expected rate of return on Stock = 13.80% =0.1380

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≈ $27.47

Hence, you will pay $27.47 for the company's stock today.

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2 years ago

Is there a passive form of perfect continuous tense?

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