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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 %

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ANSWER – FALSE

 

When a union bargains successfully with employers, resulting in increment in total compensation, both the quantity of labor supplied and the quantity of labor demanded doesn’t increase, rather, the quantity of labor supplied increases and the quantity of labor demanded decreases.

8 0
3 years ago
At the annual stockholders meeting, investors heard a presentation on the numerous challenges facing the company, including amon
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Two problems were among those: a threat from the MDPI of a competitor and a decline in the sales of the strong microprocessor chip of the company.

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Although not recommended, some marketers decide to ignore market segmentation and target the whole market with one offer. this i
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7 0
3 years ago
if the change in reserves in the banking system is $40 million, and the required reserve ratio is 10 percent, then the change in
mote1985 [20]

Answer:

True

Explanation:

5 0
3 years ago
Read 2 more answers
An Engel curve:________.
creativ13 [48]

Answer:

A. slopes upward for normal goods and downward for inferior goods.

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In the case of Engle curve it plots the relationship between income and demand for a good.

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