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
ElenaW [278]
2 years ago
10

David needed money for some unexpected expenses, so he borrowed $3,695.17 from a friend and agreed to repay the loan in five equ

al installments of $950 at the end of each year. The agreement is offering an implied interest rate of .A) 14.85%
B) 9.57%

C) 11.00%

D) 12.98%
Business
2 answers:
Salsk061 [2.6K]2 years ago
5 0

Answer:

5.71% annually and 28.55% for the five years

Explanation:

The total repayment is 950*5 =4750

This shows the total interest as 4750-3695.17=1054.83

the implies 28.55 % of the principal amount

Nataly_w [17]2 years ago
3 0

Answer:

11% is the implied interest.

Explanation:

You might be interested in
Name any TWO markets within the four-sector circular flow model​
user100 [1]

Answer:

The circular flow model shows the interaction between two groups of economic decision-makers―households and businesses―and two types of economic markets―the market for resources and the market for goods and services.

4 0
2 years ago
Read 2 more answers
The buyers of a good will want to purchase it as long as their willingness to pay for the good is
Anna71 [15]
If it is greater than or equal to the price.
hope this helps
6 0
2 years ago
Macro economic misery diminished during the first reagan administration, which means that the phillips curve'
tensa zangetsu [6.8K]
Had to look for the options and here is my answer. What it means when there is a decrease in the Macro economic misery during the first Reagan administration is that the Phillips Curve has shifted from right to left. This implies that there is an ease of the trade-off between the unemployment and inflation. Hope this answer helps.
7 0
3 years ago
YoYo Fashion December 31, 2013 balance sheet showed total common equity of $5,500,000 and 250,000 shares outstanding. During 201
abruzzese [7]

Answer:

$23.6 per share

Explanation:

Given that,

Total common equity = $5,500,000

Shares outstanding = 250,000

Net income = $525,000

Dividends paid out = $125,000

Total value at the end:

= Total common equity + Net income - Dividends paid out

= $5,500,000 + $525,000 - $125,000

= $5,900,000

Therefore,

Book value per share at 2014 year end:

= Total value at the end ÷ No. of shares outstanding

= $5,900,000 ÷ 250,000

= $23.6 per share

7 0
3 years ago
What is the most efficient way to adjust the size of the picture?​
Marat540 [252]

Answer:

Our easy-to-use Image Resizer lets you adjust the size of your photos without compromising quality. ... accidentally distort your images, and the fun house look isn't the most flattering for photography. ... The best part, this step is super easy!

Explanation:

7 0
2 years ago
Other questions:
  • Good X and Good Y are related goods. When the price of Good X rises by 20 percent, the quantity demanded for Good Y falls by 40
    12·1 answer
  • ​Dandy's Fun Park is evaluating the purchase of a new game to be located on its Midway. It has budgeted​ $40,000 for this purcha
    10·1 answer
  • What are the three major responsibilities of the federal reserve?
    8·1 answer
  • What are three typical reasons why companies develop their own information systems?
    12·1 answer
  • Is Universal Social Charge, Income tax or Consumer tax? ​
    8·2 answers
  • PLEASE HELP ME!!!!!!!!!!!!!!!!!!!!!111 I NEED HELP RIGHT NOW!!!!!!!!! IM LITERALLLY CRYING! JK IM NOT BUT I NEED HELP!!!!!!
    9·1 answer
  • You have just received notification that you have won the $2.5 million first prize in the Centennial Lottery. However, the prize
    13·1 answer
  • Allegheny Company ended Year 1 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $58,000 and $2,700, r
    15·1 answer
  • 1. Suppose two types of firms wish to borrow in the bond market. Firms of type A are in good financial health and are relatively
    15·1 answer
  • A proposed project has fixed costs of $43,000 per year. the operating cash flow at 16,000 units is $89,000. a. ignoring the effe
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!