1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
tatiyna
3 years ago
13

National Bank offers a loan at 13.5% per year, compounded weekly (Assuming there are 52 weeks per year). United Bank offers a lo

an at 13.7% per year, compounded semi-annually. If you are going to borrow money from one of these two banks, which bank you should go for
Business
1 answer:
Pavlova-9 [17]3 years ago
7 0

Answer:

United Bank

Explanation:

assuming that I need to borrow $1,000, if I borrow money from:

National Bank, interest + principal due in one year = $1,000 x (1 + 0.002596)⁵² = $1,144.34

weekly interest rate = 0.2596%

United Bank, interest + principal due in one year = $1,000 x (1 + 0.0685)² = $1,141.69

semi annual interest rate = 6.85%

Since the amount of money owed to United Bank is lower, then I should go there.

You might be interested in
Which of the following most accurately describes one of the powers of stock holdiers
Lunna [17]

Answer:

The powers of stockholders are to be given discounts on the company's products.

5 0
3 years ago
Frank, the owner of a local furniture store that has been in business for 75 years, is retiring. He is selling his store to a ne
Nady [450]

The correct answer would be option A, Frank should share the culture of the company through stories, rites, and rituals.

As they sit down over coffee at the local deli, Frank should share the culture of the company through stories, rites, and rituals, with the new owner about the success of his business.

Explanation:

Frank is in the furniture business for so long. Now he is retiring, and he wants his business to be persuaded successfully in the future as well. He is selling his store to people who have no roots in the community. He wants to share the secret of his success to the new owner.

So to make the new owner understand the secret of success, Frank should share the culture of the company by telling the new owner, stories, rites and rituals of the company which made his business successful.

Learn more about Business Strategies at:

brainly.com/question/3325483

#LearnWithBrainly

5 0
3 years ago
Which statement describes the most common characteristics of oral narratives
Gennadij [26K]

Answer:

I have 3 statements

Explanation:

The characteristics of oral narrations are as follows.

1) They can be real or imaginary.

2) They are structured in dialogue, monolog and paragraph.

3) It is written in past tense

Hope it helped u if yes mark me BRAINLIEST!

Tysm!

6 0
3 years ago
HURRRYYYYYYYYYY
nasty-shy [4]
A.) How likely you are to pay them back
3 0
3 years ago
Read 2 more answers
Andrew sold IBM stock to his sister Susan for $6,000. Andrew purchased the stock two years ago for $8,000. Susan sold the stock
klasskru [66]

Answer:

c. $1,300 gain

Explanation:

In this scenario, Susan recognized a $1,300 gain on this sale. This is because Susan originally purchased the stock for a total price of $6,000. When she sold the stock, she sold it for a higher price than what she originally paid for it therefore recognizing a gain. To calculate this gain we simply subtract her initial purchase price from her selling price of the stock which would give us a $1,300 gain.

$7,300 - $6,000 = $1,300

6 0
3 years ago
Other questions:
  • Maria Mendez is division controller and James Dalton is division manager of the Hestor Shoe Company. Mendez has line responsibil
    11·1 answer
  • bank examiners are _____. a) authorized to force banks to sell off investments that they consider excessively risky. b) only per
    8·1 answer
  • Which of these is a successful time to management strategy
    11·1 answer
  • Use the following information to prepare a multistep income statement and a balance sheet for Sherman Equipment Co. for 2016. (H
    8·1 answer
  • What do you think would happen if the Internet shut down or went away? How would it change the way people live their lives? Do y
    8·1 answer
  • Developing nations currently account for ________ of FDI in the form of cross-border mergers and acquisitions. Group of answer c
    11·1 answer
  • Pls help me I would appreciate it
    14·2 answers
  • 4. Does the same thing work for every customer?
    6·2 answers
  • Four ways by which your choice of reading material can affect your writing
    5·1 answer
  • What kind of network might you have at home?
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!