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
musickatia [10]
3 years ago
12

Your credit card company quotes you an interest rate of 21.9 percent based on annual compounding. Interest is billed monthly. Wh

at is the actual rate of interest you are paying
Business
1 answer:
alexgriva [62]3 years ago
6 0

Answer:24.24%

Explanation:

Effective Annual Rate = (1 + (nominal interest rate / number of compounding periods)) ^ (number of compounding periods) – 1

EAR = [1 + (.219 / 12)]12 - 1 = .2424, or 24.24 %

You might be interested in
How has persuasion changed in the digital age?
Gnesinka [82]

Answer:

Explanation:

Persuasion has changed a lot in the digital age, based on the options listed, the ones that are true would be ...

c. Persuasive messages spread at warp speed

d. All businesses are in the persuasion business

e. The volume and reach of persuasive messages have exploded

The internet and social media have allowed businesses to quickly and easily target millions of individuals around the world. So it is no wonder that all businesses are in the persuasion business. Persuasive techniques are able to spread incredibly fast from person to person, as well as word of mouth if enough individuals begin to like your product/service. The internet and social media even allow businesses to target specific categories on populations.

7 0
2 years ago
500 divided by 2/3 = 500 * blank = blank feet <br><br><br>please help me
irina [24]

Answer:

500 divided by 2/3 = 500 * 3/2= 750

Explanation:

You have to interchange the fraction 2/3. The denominator becomes the numerator and vice versa.

2/3 becomes 3/2

500 divided by 2/3 = 500 * 3/2

500 divided by 2/3 = 750

500* 3/2 is the same as 500 x 1.5 = 750

7 0
3 years ago
Skymont Company wants an ending inventory each month equal to 30% of that month's cost of goods sold. Cost of goods sold for Feb
Law Incorporation [45]

Answer:

Purchases for February would be: $46,500

Explanation:

Prepare a Purchases Budget to find the Purchases for February.

<u>Purchases Budget for February</u>

Budgeted Cost of Sales                                                    $45,000

Add Budgeted Closing Inventory ($45,000 × 30%)         $13,500

                                                                                           $58,500

Less Budgeted Opening Inventory                                 ($12,000)

Budgeted Purchases                                                         $46,500

5 0
3 years ago
the text presents three arguments in support of global advertising. what are those three arguments? multiple select question.
anyanavicka [17]

Informative, Persuasive, Reminder

Advertising that is informative raises people's awareness of brands, services, goods, and concepts. It can educate people about the features and benefits of new or established products as well as new programs and products.

Persuasive advertising works to change people's perceptions of a company or product and improve its image by trying to persuade them that its services or products are the best. Its objective is to convince customers to act and switch brands, try new products, or stick with one brand.

People are reminded about the need for a product or service or the features and benefits it will provide if they buy it quickly in reminder advertising.

To know more about advertising visit brainly.com/question/3163475?referrer=searchResults

#SPJ4

4 0
11 months ago
Assume that the real GDP in Year 2022 is $8000 and the GDP deflator is 200. Calculate the Nominal GDP. Show your work. *
zloy xaker [14]

Answer:

i dont k but I needed points

Explanation:

sorry

6 0
2 years ago
Other questions:
  • Victoria is creating a brochure for her photography studio. She designed the layout and placed a photo in the center of the page
    8·1 answer
  • During the year, ABC had the following cash flows: receipt from customers, $10,000; receipt from the bank for long-term borrowin
    13·1 answer
  • New e-commerce businesses, including companies like eBay, focus on voluntary exchange. Which generalization BEST describes this
    12·2 answers
  • "financing activities" Creative Sound Systems sold investments, land, and its own common stock for $35.0 million, $15.5 million,
    9·1 answer
  • Because of its size and relative power, Walmart can easily impose controls on small manufacturers, such as Brown Betty Dessert B
    11·1 answer
  • Which of these is a similarity between being self-employed and owning a business?
    8·2 answers
  • The accounting records of Eastlake Industries provided the data below. Net income $ 300,000 Depreciation expense 15,000 Increase
    12·1 answer
  • And i oop.................
    14·2 answers
  • Corrine works in a doctor's office. Sometimes the office is slow with only a few clients. She always finds tasks to keep her bus
    15·1 answer
  • 23.7.2 Test (CST): Banking
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!