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
rodikova [14]
3 years ago
13

Austin borrowed $700 from a lender that charged simple interest at a rate of 9% for 6

Business
1 answer:
lukranit [14]3 years ago
8 0

Answer:

Initial capital $700

Interest rate     9%

Period       6 years

Interest paid by year: (700x0.09)    =63

Interest paid at the end of the loan: (63x6) = 378

You might be interested in
A U.S. manufacturer of adaptive devices for persons with disabilities is considering expanding internationally. It is a fairly s
posledela

Answer:

exporting

Explanation:

The exporting refers to the trade in which the goods and services are produced and sold to the another country. In this, the person who sells the goods and services is known as exporter while the foreign buyer who buyed the goods and services is known as importer

According to the given situation, the company is looking for growth opportunities and it is a fairly small company. Moreover it focused on exporting the goods and services

Hence, the option C is correct

5 0
3 years ago
Research the challenges associated with payments across international borders and prepare a brief summary of your findings. Do m
NemiM [27]

Answer:

The main challenge associated with payments across international borders is the challenge of currency rates. Because currencies vary across countries, sometimes a payment can be either hugely benefitial or hugely detrimental for a company, depending on how expensive or cheap its domestic currency is compared to the foreign currency.

Another challenge is related to international legislation, banking systems, red tape, and so on. Banking laws in some countries are more favorable to firms than in others, for example, by charging less financial expenses or comissions.

6 0
3 years ago
Ricky has purchased a $157,000 home with a 30-year mortgage at 5.15%. He
agasfer [191]
The answer is B 222 months
5 0
4 years ago
Lotta Dough just won the state lottery and has elected to receive $50,000 per year for 20 years in the form of an annuity due. W
lidiya [134]

Answer:

PV= $529,700.71

Explanation:

Giving the following information:

Cash flow= $50,000

the number of years= 20

Interest rate= 7%

First, we need to calculate the future value of the cash flows. We will use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual pay

FV= {50,000*[(1.07^20)-1} / 0.07

FV= $2,049,774.62

Now, we can calculate the present value.

PV= FV/(1+i)^n

PV= 2,049,774.62/1.07^20

PV= $529,700.71

3 0
3 years ago
When Tamara applied for the position of a fashion photographer at a monthly magazine, she had to go through an interview test th
sweet-ann [11.9K]

Answer:

A specific ability test

Explanation:

This test assesses a person's ability to perform a job, by assessing the relevant job skill set.

3 0
3 years ago
Other questions:
  • Kyle Parker of Concord, New Hampshire, has been shopping for a new car for several weeks. He has negotiated a price of $38,000 o
    11·1 answer
  • Bad publicity associated with massive layoffs is an example of _________. Group of answer choices competitive rivalry exit barri
    5·1 answer
  • Predatory pricing is the practice of
    6·1 answer
  • Which of the following is a good time management technique
    5·2 answers
  • The City of Oak Park constructed a new storage facility using the city's own public works employees. Construction costs were inc
    15·1 answer
  • Miller, Inc. has 5,000 shares of 6%, $400 par value, cumulative preferred stock and 100,000 shares of $4 par value common stock
    5·1 answer
  • Reggie who is 55, had adjusted gross income of $32,000 in 2020. During the year, he paid for the following medical expenses:
    8·1 answer
  • A patient is given a medication that is made from an animal that the patient deems sacred. Which describes what the
    10·1 answer
  • When the activity level increases by 15%, net operating income in the flexible budget will ordinarily increase by?
    6·1 answer
  • understand the different types of pricing objectives and how pricing affects each one:] a. survival b. profit c. return on inves
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!