Answer:
Ans. The effective annual interest rate charged on the loan is 12.99% effective annually. (Please see the attached excel spread sheet)
Explanation:
Hi, attached is the amortization table that I made for this case. Notice that there is a yellow and green cell, the yellow one is the result of using the "IRR" function of MS Excel which provides an effective monthly rate, since the payments are made every month, then we have to transform that monthly effective rate into an effective annual rate, this is the formula to use.

That is:

Which we round to 12.99% effective annually.
Finally, notice that I didnt use the payments to find the effective rate, I used the cash flow, that was because you didn´t receive all the 100K (the fee, remember?), you received $98,000.
Best of luck.
ADD ME I WILL SEND THE ANSWER AND PLS ADD A PICTURE
Answer:
Test answer
Explanation:
Please delete that answer
The test, which is used to determine whether an ad or commercial conveys the meaning intended, which is called day-after recall.
<h3>What is ad ?</h3>
Ad which is known as the advertisement is referred to the activity which grasp the attention of the customers and stimulates them to purchase the goods and services.
The day-after recall test is used to examine if an advertisement or commercial delivers the desired meaning. Therefore, it can be concluded that day-after recall is the correct option for the given blank.
Learn more about advertisement here:
brainly.com/question/16257206
#SPJ4
Answer:
False
Explanation:
Igor did nothing wrong. He performed a reverse engineering process which is totally legal. A reverse engineering process happens when a manufactured object is deconstructed in order to find out how it was designed or manufactured.
This process is very similar to scientific research, only that it is carried out on man made objects.