3 years ago

Explain one impact on business of rising interest rates

1 answer:

8 0

The rising interest rates make it harder to start concrete businesses (worse loans) so an impact would be online businesses gaining popularity.

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What is a benefit of having a good FICO score?

goblinko [34]

if you have a higher score you can get loans easy buy stuff and you will almost always qualify for the best interest rates

so the ANSWER:D

6 0

4 years ago

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You just won $17,500 and deposited your winnings into an account that pays 6.7 percent interest, compounded annually. How long w

MAVERICK [17]

Answer:

16.20 years

Explanation:

In order to calculate this, we use the future value (FV) formula as follows:

FV = PV × (1 + r)^n …………………………….. (1)

Where;

FV = Future value of the winnings = $50,000

PV = Present value of the winnings = $17,500

r = Interest rate = 6.7% = 0.067

n = number of years =?

Substituting the values above into equation (1) and solve for n, we have:

50,000 = 17,500 × (1 + 0.067)^n

50,000/17,500 = 1.067^n

2.85714285714286 = 1.067^n

Log linearizing and rearranging the above equation, we have:

n × ln1.067 = ln2.85714285714286

n × 0.0648509723196163 = 1.05082162483176

n = 1.05082162483176/0.0648509723196163 = 16.20 years

Therefore, you will have to wait for 16.20 years until your winnings are worth $50,000.

6 0

3 years ago

Gabriele Enterprises has bonds on the market making annual payments, with nine years to maturity, a par value of $1,000, and sel

Ulleksa [173]

Answer:

5.52%

Explanation:

For computing the coupon rate we first have to determine the PMT by applying the PMT formula

Given that,

Present value = $954

Future value = $1,000

Rate of interest = 6.2%

NPER = 9 years

The formula is shown below:

= PMT(Rate;NPER;-PV;FV;type)

The present value come in negative

So, after solving this, the monthly payment is $55.18

Now the coupon rate is

= $55.18 ÷ $1,000

= 5.52%

7 0

4 years ago

Assume that during May, a company sold a product for $160,000 that includes a 36-month warranty. Historically, the average cost

Stels [109]

A. Debit; product warranty expense

5 0

2 years ago

Tina works outdoors nearly all the time. She and her team clean up roads and fix holes in them. Her job is best

professor190 [17]

Answer:

Tina: Highway Maintenance Worker

Alma: Stationary Engineer

Sean: Home Appliance Repairer

Have a good day :)

7 0

3 years ago

Read 2 more answers