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blsea [12.9K]
3 years ago
9

-Ricky Ripov’s Pawn Shop charges an interest rate of 15.25 percent per month on loans to its customers. Like all lenders, Ricky

must report an APR to consumers.
What rate should the shop report? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Annual percentage rate %

What is the effective annual rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Effective annual rate %
Business
1 answer:
MAVERICK [17]3 years ago
8 0

Answer:

183.00%

449.15%

Explanation:

The computation of annual percentage rate and the effective annual rate  shown below:

Annual percentage rate is

= Interest rate per month × Total Number of months  in a year

= 15.25% × 12  months

= 183.00%

The effective annual rate is

= (1 + nominal interest rate ÷ periods)^ number of period - 1

= (1 + 15.25% ÷ 12)^12 - 1

= 449.15%

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Which probability distribution is commonly used to model the inherent variability of activity time estimates in project manageme
Ksivusya [100]

Answer:

Beta distribution

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2 years ago
A A rocket shoots up 123 meter<br>i. What is its initial velocity -​
oee [108]

Answer:

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Time period= 5 secs

Explanation:

THIS IS THE COMPLETE QUESTION BELOW

A rocket shoots up 123 meters. What is it initial velocity?How long is it ascending

The initial velocity can be calculated using the expression below

u= √( 2gh)

Where g= Acceleration due to gravity= 98 m/s^2

h= height

Substitute the values we have

u = √(2*9.8*123)

u=√( 2410.8)

u = 49 m/s

the time period can be calculated as

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5 0
2 years ago
What type of life insurance are credit policies issued as?
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Statement of Cash Flows Paige's Properties Inc. reported 2018 net income of $1.90 million and depreciation of $259,000. Paige's
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Answer:

See calculations below

Explanation:

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2 years ago
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