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mixas84 [53]
3 years ago
6

The store where you bought new home furnishings offers you two alternative payment plans. The first plan requires a $4,000 immed

iate up-front payment. The second plan requires you to make monthly payments of $137.41, payable at the end of each month for 3 years. What nominal annual interest rate is built into the monthly payment plan?
Business
1 answer:
blondinia [14]3 years ago
8 0

Answer:

The nominal annual interest rate is built into the monthly payment plan is 14.4%

Explanation:

E = P×r×(1 + r)n/((1 + r)n - 1)

where:

E is the EMI

p is the Principal

r is the nominal rate

n is the number of periods

$137.41 = $4,000*r* (1 + r)36/((1 + r)^36 -1)

           r = 14.4% P.A

Therefore, The nominal annual interest rate is built into the monthly payment plan is 14.4%

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6 0
2 years ago
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Alona [7]

Answer:

Option d would be the correct approach.

Explanation:

  • The organized database of the important tasks required in carrying out a task that has been extrapolated from such a job description and used in job classification and assessment and personnel policies as well as positioning.
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Many examples do not apply to the subject being discussed. So option d is indeed the right one.

4 0
3 years ago
The separation of the ownership of the firm from the control of the firm leads to: ____________
murzikaleks [220]

Answer:

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Explanation:

Hope this helps!

3 0
3 years ago
You could spend four years studying at the world's best university, but you would have to keep your attendance there a secret. O
horrorfan [7]

Answer:

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The other option is worse because while you would easily be able to demonstrate knowledge and competence, few companies would even consider to hire you if you do not hold a degree.

6 0
3 years ago
A certain production possibilities frontier shows production possibilities for two goods, jewelry and clothing. Which of the fol
ankoles [38]

Answer:

Correct option is A

“The flow of dollars between sellers of jewelry and clothing and buyers of jewelry and clothing” is the correct option  

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4 0
3 years ago
Read 2 more answers
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