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andrey2020 [161]
3 years ago
13

Al's obtained a discount loan of $68,500 today that requires a repayment of $93,228, 4 years from today. What is the APR

Business
1 answer:
saw5 [17]3 years ago
4 0

Answer:

8%

Explanation:

To find the answer, you have to use the formula to calculate the rate of interest:

r=(FV/PV)^1/n-1, where

r= rate of interest

FV= future value=$93,228

PV= present value=$68,500

n= number of periods of time=4 years

Now, you can replace the values in the formula:

r=(93,228/68,500)^1/4-1

r=1.08-1

r=0.08→8%

According to this, the APR is 8%.

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Horizon inc., a local electronics manufacturing company, produces a significant amount of electronic waste every day. the compan
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3 years ago
If a Florida strawberry wholesaler operates in a perfectly competitive market, that wholesaler will have a _____ share of the ma
aniked [119]

Answer:

small; standardized; little or no

Explanation:

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7 0
3 years ago
A marketing professor in Ithaca, New York, maintains a museum of failed consumer products. Most new products in this museum fail
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Answer:

test marketing

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4 0
4 years ago
The cost of goods for Mandy Manufacturing Company flow through an assembly and a finishing department before being transferred t
laila [671]

Answer:

Option (D) is correct.

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Given that,

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4 years ago
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