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
Natali [406]
3 years ago
10

Zach Taylor is settling a $20,000 loan due today by making 6 equal annual payments of $4,727.53. Determine the interest rate on

this loan, if the payments begin one year after the loan is signed.
Business
1 answer:
kotykmax [81]3 years ago
8 0
Thank you for posting you question here. I hope the answer will help. The interest rate on this loan if the payments begin one year after the loan is signed is 11%. Below is the solution:

N=6
PMT=4,727.53
PV=20,000
FV=0
I=?
<span>I=11%</span>
You might be interested in
Which of the following is TRUE of brokers? a. Brokers bring buyers and sellers together and assist in negotiation. b. Brokers re
yuradex [85]

Answer:

a. Brokers bring buyers and sellers together and assist in negotiation.

Explanation:

Brokers are a kind of agents as, they help the buyers find the sellers, and the sellers to find the buyers.

They help in price negotiations and settling the deals. They are hired for individual deals, and not for a specified period.

They do not get any payments in the form of salary, but they get payment in the form of commission, based on the price of settlement of the deal.

3 0
3 years ago
Snoke Inc's current price is $100 and the price is expected to rise to $110 in one year. The dividends are paid annually and the
postnew [5]

Answer:

Expected stock Return = 16%

Explanation:

The return of a stock is calculated by subtracting ending stock price to ending stock price and add adding and income distributions made during the period and divide by the stock price at beginning

Current stock price = $100

Expected stock price = $110

Dividends = $6

So in Snoke Inc's the only income distributions are dividends

Return = Ending stock price - Current stock price + dividends/Current stock             price

=110-100+6/100

=0.16/16%

7 0
3 years ago
Prompt What is advertising?
Semenov [28]
is a means of communication with the users of a product or service. Advertisements are messages paid for by those who send them and are intended to inform or influence people who receive them, as defined by the Advertising Association of the UK.
3 0
3 years ago
Read 2 more answers
Easton Co. deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of busines
dangina [55]

Answer:

it would be 64,899

Explanation:

i did the test :D

7 0
3 years ago
In today's culture of self-service, is personal selling destined for extinction? explain your answer.
meriva
No, i don't believe so.
Even though it is very true that more and more prefer buying things online rather than personally coming to stores, there are some products that simply couldn't be observed without consumers being physically there. 
For example, The housing and cars business will always require personal selling
7 0
3 years ago
Other questions:
  • Which of the following will result in the recognition of gross income?
    11·1 answer
  • In the following examples, state how you would use the principle of marginal analysis to make a decision.
    6·1 answer
  • As a new employee at acme global, frederick just spent the morning learning about the organization's policies and procedures. He
    7·1 answer
  • Quality experts agree that quality can be assured only during the: design phase production phase sales process marketing campaig
    6·1 answer
  • Online, immediate status updates from Airlines about their flights is an example of e-commerce's effect of:
    14·1 answer
  • What does respecting people’s privacy mean?<br> Which factor is a component of verbal communication?
    9·1 answer
  • WILL MARK BRAINLIEST
    5·1 answer
  • Why is insurance necessary for businesses and individuals
    7·1 answer
  • Marking brainliest! What is an example of a public corporation?
    13·2 answers
  • Lisa agrees to sell Deb an electronic entertainment center worth $1,000 for $700 in order to have a rapid sale. Later Lisa insis
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!