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Allushta [10]
3 years ago
7

Consider the following monthly amortization schedule: Payment # Payment Interest Debt Payment Balance 1 1,167.34 540.54 626.80 2

59,873.20 2 1,167.34 539.24 628.10 259,245.10 3 1,167.34 x y z With the exception of column one, all amounts are in dollars. Calculate the annual interest rate on this loan. Give your answer to the nearest hundredth percent. Do not include the % sign in your response.
Business
1 answer:
Thepotemich [5.8K]3 years ago
4 0

Answer: 2.5186 percent

Explanation:

First you have to understand that the payment includes Payment Interst plus Debt Payment and that the Payment Balance is the Loan Amount minus the Debt Payment; with this information you calculate the Loan Amount that is 260,500.00 and calculate the rate per month (use the interest debt / Loan Amount) which results in 0.2075 percent (TEM).  To calculate the annual interest rate you use the formula to convert to TEA which is ((1+TEM)^12)-1).

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As the roman government became more efficient, it took on more functions. to pay for these services, rome ________.
Vanyuwa [196]
The answer to this question is <span>increased taxes on farmers who lived outside of Italy
Larger government will always result in larger government spending (which will led into a higher amount of tax that must be paid). Since roman do not want its people to turn on them due to the increase in tax, Roman government decided to take it from the people outside their empire.

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3 0
3 years ago
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Thirst, a beverage manufacturer, markets its products using the same strategy worldwide. However, changes are made when implemen
mrs_skeptik [129]

Answer:

The correct answer is letter "D": Glocalization .

Explanation:

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6 0
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Over the last two years, an american clothing company has partnered with a manufacturer in china to make clothes at a cheaper co
Trava [24]

The mutual benefit that the American Clothing Company derives by partnering with a Chinese Manufacturer comes because <u>E. It is</u> an example of counter-trading ...

<h3>What is Counter-trading?</h3>

Counter-trading occurs when goods or services are exchanged for other goods or services rather than for hard currency.  It is a reciprocal form of international trade in which, for example, the American Clothing Company brings in its technology while the Chinese Manufacturer provides cheap labor and other resources.

<h3>Answer Options:</h3>

A. It is a strategic alliance in which two countries share the risks and rewards of starting a new enterprise together in a foreign country.

B. It is a wholly owned subsidiary in which a foreign subsidiary is totally owned and controlled by an organization.

C. It is a greenfield venture in which owning the organization has been built from scratch.

D. It is an example of a franchise in which a company allows a foreign company to pay it a fee and a share of the profit in return for using the first company’s brand name and a package of materials and services.

E. It is an example of counter-trading in which the country is bartering for goods.

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Learn more about counter-trading at brainly.com/question/14659049

6 0
3 years ago
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jeka94

Answer:

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3 0
3 years ago
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Answer:

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Explanation:

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