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faltersainse [42]
3 years ago
14

Al's obtained a discount loan of $78,500 today that requires a repayment of $98,000, 3 years from today. What is the APR

Business
2 answers:
Andrei [34K]3 years ago
8 0

Answer:

R = 8.2803%

Rounded: 8%

Explanation:

Solving our equation:

r = (1/3)(98000/78500) - 1) = 0.08280255

r = 0.08280255

Converting r (decimal) to R a percentage

R = 0.08280255 * 100

= 8.2803%

Hope this helped! :D

kondor19780726 [428]3 years ago
6 0
R= 1/3 open bracket ( 98000/98500) -1)
R=0.8280255
0.8280255 x 100

=8.82803%
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Answer:

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The computation of the number of units produced is shown below:

Overhead rate is

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3 years ago
As a policy option for regulating natural monopoly, average (total) cost pricing is attractive because Select one: a. the result
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Answer: c. it ensures productive efficiency.

Explanation:

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3 years ago
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3 years ago
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