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
kirza4 [7]
3 years ago
13

1. Russell's of Townville needs to borrow $48,000 for one year. The bank requires a 10 percent compensating balance on any amoun

t borrowed and an annual interest rate of 9 percent. What is the effective interest rate on this loan? A. 8.9% B. 8.6% C. 9.4% D. 10.0%
Business
1 answer:
babunello [35]3 years ago
8 0

Answer:

D. 10.0%

Explanation:

As the bank reqiresd 10% compensating balance the actual amount unrestricted for the loan is 48,000 x (1 - 10%) = 43,200

and from this amount we have to solve for the effective rate:

principal x rate = interest

48,000 x 0.09 = 4,320

now we divide the interest over the actual principal to know the effective rate:

4,320 / 43,200 = 0.10 = 10%

You might be interested in
Which skills would be the most beneficial for a computer help desk technician?
tangare [24]
<span>Which skills would be the most beneficial for a computer help desk technician?

</span>
<span>B. research skill</span>
4 0
3 years ago
Read 2 more answers
Which command is used to draw visible line form invisible line mode *
KatRina [158]

In Microsoft window logo, the command which is used to draw visible line that forms an invisible line mode is: A. PD.

Microsoft window logo is a programming language that was designed and developed at the Massachusetts Institute of Technology (MIT) by George Mills, based on the educational programming language called Logo.

Some of the commands that are used on Microsoft window logo include the following:

  • FORWARD (fd)
  • BACK (bk)
  • HOME
  • RIGHT (rt)
  • Pendup (PU)
  • Pendown (PD)

In Microsoft window logo, the Pendown (PD) command is used to instruct the turtle to draw a visible line or leave ink (tracks) on the screen as it moves. Thus, it is a command which is used to draw visible line while forming an invisible line mode.

Read more on programming language here: brainly.com/question/16901424

6 0
3 years ago
Organic Eats provides an organic, vegan menu. Since there are very few restaurants that offer the same unique services, customer
Sphinxa [80]

Answer:

Focused differentiation strategy

Explanation:

A focused differentiation strategy is used by organizations that concentrate on having products that have a unique feature that fulfills the needs of a specific target market that is willing to pay more for these products. According to this, the answer is that in this scenario, Organic Eats is following a focused differentiation strategy.

3 0
3 years ago
A cash register that usually holds about $150 currently has $500 in it. What would be a good idea?
solniwko [45]
Your answer is
D. Cash drop
7 0
3 years ago
Read 2 more answers
Lawrence Summers served as secretary of the treasury in the Clinton administration and as director of National Economic Council
babunello [35]

Answer:

A) taking the cost into account because money spent on pollution reduction is not available for other worthy activities.

Explanation:

The economic approach tries to find solutions for problems optimizing the use of economic resources, therefore reducing costs and increasing benefits for every dollar spent.

Resources are scarce and that includes everyone, from a normal individual, to the richest person in the world, or the richest country in the world. The economic approach states that we should all try to maximize the benefits we obtain while exchanging resources. For example, if we need to study for a text and we know that solving problems helps us to learn more than just reading, then we should spend more time solving problems than reading because that way we can increase our benefits.

The US government and every other government in the world works on a budget and the money it spends doing A, will not be spent doing B. So the government must decide which actions to take in order for maximizing the benefits of the population (i.e. choose between A or B depending on which causes the greatest common good).

4 0
3 years ago
Other questions:
  • Fitness is a magazine for women about health and exercise. Fitness offers year subscriptions for $12 on their website. Jess, Ani
    7·2 answers
  • What are corporate travel managers how do they compare to travel agents
    6·1 answer
  • Dr. Duran was asked by company X to develop a selection system for hiring new employees and to revise the existing performance a
    7·1 answer
  • Which of the following accounts will give you the LEAST access to your money ?
    13·2 answers
  • Savant Homes, Inc., is a custom home designer and builder. Using what it called the Anders Plan, Savant built a model house in W
    7·1 answer
  • Any factor that can change
    11·1 answer
  • A year​ ago, the IT team earned​ corporate-wide recognition for its performance. More​ recently, it has begun to experience some
    12·1 answer
  • Gene Simmons Company uses normal costing in each of its three manufacturing departments. Factory overhead is applied to producti
    14·1 answer
  • Question 8 of 10
    9·2 answers
  • A forecast that addresses the business cycle by predicting planning indicators is.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!