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Anvisha [2.4K]
3 years ago
9

What is the annual percentage rate on a loan with a stated rate of 2.75 percent per quarter?A. 11.00 percentB. 11.09 percentC. 1

1.18 percentD. 11.27 percentE. 11.31 percent
Business
1 answer:
kramer3 years ago
7 0

Answer:

A. 11.00 percent

Explanation:

The computation of the annual percentage rate is shown below:-

Annual percentage rate = Percentage of stated rate × Number of quarters per year

= 2.75% × 4

= 11%

Therefore for computing the annual percentage rate we simply applied the above formula i.e multiplying the percentage of the stated rate with the number of quarters in a year  

So, the correct option is A.

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Which section of the statement of cash flows may be prepared using either the direct method or the indirect method?
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Answer:

b. Operating activities

Explanation:

As we know that there are two methods of cash flow statement. The one method is direct method and the other one is indirect method

Also the financing activities and the investing activities should be same calculated under both the methods

But the operating activities would be calculated differently under both the methods

In the direct method, the cash receipts and cash payment would be adjusted while an indirect method, the changes in working capital would be adjusted

Therefore the option b is correct

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Taxpayers over 65 can only deduct expenses that are greater than 7.5% of adjusted gross income for
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What key factor kept the copernican theory from being widely accepted at first?
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3 years ago
suppose you want to have $400,000 for retirement in 20 years. your account earns 5% interest. a) how much would you need to depo
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suppose you want to have $400,000 for retirement in 20 years. your account earns 5% interest. a) how much would you need to deposit in the account each month Your account earns 7.9% interest" How often is it compounded? Daily? Monthly? Annually? Since we are going to find out how much you have to save per month I will assume that the interest is compounded monthly

<h3>What is retirement ?</h3>

Retirement is the cessation of one's employment, occupation, or active working life. Another way to semi-retire is to work fewer hours or with less job.

When they are old or unable to work due to health issues, many people decide to retire. People may also retire when they are eligible for private or public pension benefits, while others are compelled to do so due to legislation governing their jobs or because their physical conditions make it impossible for them to continue working (due to disease or accidents). The concept of retiring was first popularized in the late nineteenth and early twentieth centuries in the majority of nations.

To learn more about retirement  from the given link:

brainly.com/question/3605610

#SPJ4

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2 years ago
Chris Co. is considering replacing an old machine. The old machine was purchased for $100,000 and has a book value of $40,000 an
Natali5045456 [20]

Answer:

The answer is letter A.

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