Annual percentage rate or APR is a credit card's interest rate is the price you pay for borrowing money. For credit cards, the interest rates are typically stated as a yearly rate. This is called the annual percentage rate (APR).
Now, According to the Question,
We are Given :-
- Time = 3 Years, paid back monthly
<u>CALCULATION</u>
Finance Charge / Amount Financed =
$195.56 / $1,000 = 19.56
Table factor of 19.56 at 36 periods = 12% APR
Therefore the APR for the borrowed money is 12%
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Answer:
A credit score is usually a three-digit number that lenders use to help them decide whether you get a mortgage, a credit card or some other line of credit, and the interest rate you are charged for this credit. The score is a picture of you as a credit risk to the lender at the time of your application.
Explanation:
The correct words to fill in
the blank are:
<u>“social
role theory”</u>
<span>Social role theory is a perspective in
social psychology which considers men and women to act differently in social
situation and take different roles due to the expectations that society puts on
them. In this case, Karen expects women to take feminine roles.</span>
Answer: 523.72 units
Explanation:
Economic Order Quantity = √( 2 * Annual Demand * Order Cost/ holding cost)
holding cost = 35% * Purchase price
= 35% * 4
= $1.40
EOQ = √( 2 * 6,400 * 30/ 1.40)
= 523.72 units