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bixtya [17]
3 years ago
7

Which one of the following statements concerning interest rates is correct?a. Savers would prefer annual compounding over a mont

hly compounding.b. The effective annual rate decreases as the number of compounding periods per year increases.c. The effective annual rate equals the annual percentage rate when interest is compounded annually.d. Borrowers would prefer monthly compounding over annual compounding.e. For any positive rate of interest, the effective annual rate will always exceed the annual percentage rate.
Business
1 answer:
ryzh [129]3 years ago
8 0

Answer:

The correct answer is letter "C": The effective annual rate equals the annual percentage rate when interest is compounded annually.

Explanation:

Interest Rate is the cost of borrowing money, expressed as a percentage of the loan amount. Interest rates are the primary yardsticks for measuring how much return lenders will get.

The effective annual interest rate is a way of restating the annual interest rate so that it takes into account the effects of compounding. Using the effective annual interest rate helps us understand how differently a loan or investment performs if it compounds annually, semiannually, monthly, or in any other time frame. If compounded annually, the effective interest rate equals the annual percentage rate.

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How old is elon musk
Harrizon [31]

Answer:

48 years

Explanation:

Born on 2 June 1971, Elon Reeves Musk is famous of Space X as well as Tesla. He is an engineer, technology entrepreneur as well as an industrial designer.

He holds citizenship in 3 countries: the USA, South Africa and Canada.

Other information about him can gathered on the internet.

Cheers.

6 0
3 years ago
which of any essential product that will be affected by an increase in fuel which is very important even to the poorest of the p
Contact [7]
One of the essential product that will be affected by an increase in fuel which is very important even to the poorest of the poor is : Food Products.

If the price of fuel increased, the distribution cost for the food products is likely to be increased, which will affect the cost per product of all food Products, which will affect even the poorest of the poor
5 0
3 years ago
Colgate manufactures a fruit-flavored spongebob squarepants toothpaste for kids. the age-based variable that distinguishes the m
satela [25.4K]
Is an example of Market segmentation, which divides the market in half, due to a different demographics like age, target market etc.
The new target market that divides the market is possibly ages: 6-9

Hope this helps.
8 0
3 years ago
Read 2 more answers
Explain why it is necessary to understand the time value of money. give some examples of how you would use the concept in your b
OleMash [197]
If we didnt know the value of money, then youll never truly know how much you have, you could see that lettuce is "1.00" and all you have are pennies, but to you, its one peny which you would be disappionted to find out that you dont have enough at all. knowing the value of money is extremely important
7 0
3 years ago
Patrick offered to sell his house to Jarrod for $50,000. Jarrod was interested but did notwish to decide immediately so he asked
olga2289 [7]

Answer:

a. Jarrod may no longer accept the offer because Patrick changed his position.

Explanation:

A contract is formed when there is an offer by the offerer and an acceptance by the recipient. However the offered has the right to revoke the offer at any time during the offer period, then the recipient will not be able to accept it.

In the given scenario Patrick offered to sell his house to Jarrod for $50,000. Jarrod was interested but did not wish to decide immediately so he asked Patrick if he would hold the offer open for thirty days.

So Jarrod had not accepted to offer.

Patrick has the right to revoke the offer and sell to someone else.

However Jarrod will be entitled to his 50 dollars back.

4 0
3 years ago
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