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Debora [2.8K]
4 years ago
8

Which statements best describe the difference between a periodic interest rate and an apr?

Business
2 answers:
pogonyaev4 years ago
8 0

APR is the compound rate that is used to make a standard comparison of the level of interest to be paid in loans or credit card balances in a year period.A periodic interest rate is the interest that is applied to an account at the end of a time frame and is calculated by dividing the APR by 360 or 365, depending on the issuer of the loan.
marusya05 [52]4 years ago
7 0

Answer:

Interest is the use of someone else's capital, which is what banks charge for providing a person with an amount of money that they do not have at that time.

Explanation:

The annual interest rate is a percentage charged by the bank to the debtor on the debt it holds. It is what the debtor has to pay together with the capital for one year (12 months).

The periodic interest rate corresponds to the % that is charged per day, month, etc. of a debt, generally it is the annual interest rate divided in 365 days, some financial institutions divide it in 360. This ends up paying more because each day the interest is integrated as part of the capital.

Have a nice day!

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the five mission areas outlined in the national response framework are prevention, protection, mitigation, response, and _______
IgorLugansk [536]

Answer:

recovery

Explanation:

There is one framework for each of the five mission areas wich are Prevention,protection, mitigation,response, and Recovery

Hope this helped you!

8 0
3 years ago
For the quarter ended March 31, 2017, Croix Company accumulates the following sales data for its newest guitar, The Edge: $316,7
erastovalidia [21]

Answer:

Explanation:

The preparation of ta static budget report for the second quarter is shown below:

                                          CROIX COMPANY

                                         Sales Budget Report

                             For the Quarter Ended June 30, 2017

                       Second Quarter                      Year to date

Product Line  Budget  Actual  Difference  Budget  Actual  Difference

New Guitar $383,500  $387,400 $3,900    $700,200 $690,500  $9,700

                                                      Favorable                             Unfavorable

The year to date balances are computed below:

For Budget:

= $383,500 + $316,700

= $700,200

For Actual:

= $387,400 + $690,500

= 690,500

6 0
3 years ago
The type of production that does not concern itself with customer preferences, but instead focuses on making a large number of a
lord [1]

A type of production that focuses on making a large number of a few products rather than customer preferences is called mass production.

<h3>What is mass production?</h3>

Mass production is also referred to as continuous production or flow production and it can be defined as a type of production that focuses on manufacturing large quantities of a standardized product and it doesn't concern itself with customer preferences.

This ultimately implies that, mass production is mainly focused on making a large number of a few products rather than being focused on customer preferences. Also, the production is usually in a constant flow and automated by a mechanical process.

Read more on mass production here: brainly.com/question/744854

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2 years ago
What advice does Jessica Cervantes give to teen entrepreneurs who are just starting out? (Site 1).
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Jessica Cervantes is a renowned entrepreneur and business women who advises the new entrepreneurs who are just starting to enter this zone.

<h3>Advice of Jessica Cervantes</h3>

Jessica Cervantes says that new entrepreneurs should have faith in themselves , and this faith and believe must reflect in their products.

She also advised to use all the resources and to reach out to the other entrepreneurs seeking help and advice.

Therefore, Jessica Cervantes motivated and advised the new entrepreneurs who just entered in the field of entrepreneurship.

Learn more about Jessica Cervantes here:

brainly.com/question/9508949

7 0
3 years ago
A performance obligation is:
ANEK [815]

Answer:

.

Explanation:.

5 0
4 years ago
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