Answer:
Rate= 168.65%
Explanation:
When loans are collected there is interest that is paid on the principal collected. The interest is usually expressed as a percentage per year.
The following formula is used to calculate interest rate
Interest = principal* rate* time
We are asked to calculate annual percentage
Rate = interest/(principal * time)
Interest bis paid every two weeks. That is twice a month, and there are 12 months in a years. That is 2*12= 24 times.
Total interest per year= 24* 26= $624
Using the formula
Rate= 624/(370*1)
Rate = 1.6865
Rate= 168.65%
Answer:
Ken must disclose this information as it is a material fact.
Explanation:
A material fact is a fact that a reasonable person would recognize as germane to a decision to be made, as distinguished from an insignificant, trivial, or unimportant detail. In other words, it is a fact, the suppression of which would reasonably result in a different decision; meaning it would be the most significant information when someone is making a decision, in this instance, whether or not Patrick would buy Jordan’s house. Falsification of a material fact that would cause a party to a contract to refrain from entering into the contract may be grounds for rescission, meaning that Ken has an obligation to disclose this information.
Answer:
The correct answer to the following question will be "Formal proposal".
Explanation:
- Usually, formal proposals become prepared for bigger projects, here as in the case the expenditure demand is high, there is a huge amount of participants as well as the plan will be extensive, so formal proposals have become an easy option because informal proposals are made for projects too.
- Grant applications should never be posted here since they are usually sent to a grant seeking agency or entity. That is just not Rene 's goal in this.
Answer:
The selling price today = $28.536
Explanation:
The question states that D0 is $1.5.
To calculate price, we need to calculate Present value of future dividends along with a terminal value from the time the dividend growth is becoming constant.
The D1 growth will be 20% of D2.
The fall in dividend growth will be 5% till it reaches 5%.
- P0 = D1 / (1+r) + D2 / (1+r)² + D3 / (1+r)³ + D4 / r-g
- Where,
- r = required rate of return
- g = growth rate
Thus,
P0 = 1.5*(1.2) / (1+0.15) + 1.5*(1.2)*(1.15) / (1+0.15)² + 1.5*(1.2)*(1.15)*(1.1) / (1+0.15)³ + 1.5*(1.2)*(1.15)*(1.1)*(1.05) / (0.15 - 0.05)
P0 = $28.536
A demand schedule illustrates the relationship between price and quantity in the format of a table.
A demand schedule generally consists of two columns. The first column shows the price of a product in ascending and descending order. The second column shows the quantity of the product which is desired or demanded at that price.
In economics, a demand schedule is defined as a table which shows the quantity demanded of a good and service at the different price levels. A demand schedule can also be graphed as a continuous demand curve on the graph chart where the Y-axis represents the price and the X-axis represents the quantity of the product or service.
To know more about demand schedule here:
brainly.com/question/26073884
#SPJ4