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]
3 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]3 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]3 years ago
3 0

Answer:

11% is the implied interest.

Explanation:

You might be interested in
Latoya as 50 shares of stock in ABC company worth $35.75 a share, a car worth about $5,600, and a collection of figurines worth
patriot [66]

Answer:

$ 9,387.50

Explanation:

An asset is any item that the owner considers valuable.

Shares , the cars and figurines are assets as Latoya can attach a value to them.

Total value of the shares = 50 x 35.75 = 1, 787.5

Value of the car = $5,600

Figurines = $ 2,000

Total value of assets = 1,787.50+ $5,600 + $2,000

=$ 9,387.50

8 0
3 years ago
The budgeting process that involves adding a month to the end of the budget period at the end of each month, thus maintaining a
In-s [12.5K]

Answer:

b. continuous budgeting

Explanation:

Continuous budgeting (sometimes referred to as rolling budgeting) involves continually adding an additional month to the end of a multi-period budget as each month goes by.

The continuous budgeting concept is usually applied to a twelve-month budget, so there is always a full year budget in place.

4 0
3 years ago
Common stock can have which of the following characteristics? It can be:_____.
REY [17]

Answer:

d. shareholder voting rights

Explanation:

Cumulative is characteristic of preferred stock, in that dividend not paid in a year is carried forward and to be paid in the future.

When the  preferred stock is non-cumulative, the dividend not paid in a year is forfeited.

Preferred stock or debenture can be convertible into a known number of common stock in the future.

The characteristic of common stock is that it entitles its holders to vote on certain major decisions.

4 0
3 years ago
A stock has a beta of 0.9 and an expected return of 9 percent. A risk-free asset currently earns 4 percent. a. What is the expec
egoroff_w [7]

Answer:

6.5%

Explanation:

Data given in the question

Beta of the stock = 0.9

Expected return = 9%

A risk-free asset = 4%

By considering the above information, the expected return on a portfolio is

= Risk - free asset × equally basis  + expected rate of return × equally basis

= 4% × 50% + 9% × 50%

= 2% + 4.5%

= 6.5%

Since we have to find out the expected return on equally invested so we considered the risk free asset and the expected rate of return

Therefore we ignored the beta of the stock

8 0
3 years ago
Select all the reasons to keep your money in a financial institution.
mr_godi [17]
All of them :) All those reasons.

5 0
3 years ago
Read 2 more answers
Other questions:
  • It is assumed that the activities of Ford Motor Corporation can be distinguished from those of General Motors because of the
    12·1 answer
  • The fixed cost of Perfect Pizzas, a pizza restaurant, is $400,000 per year. The cost of ingredients and chef to make one pizza i
    11·1 answer
  • In 2015, an inventor dreamed up and constructed a certain new kind of widget. He kept his invention a secret. Two years later, a
    15·1 answer
  • The company has the largest market share in the industry. In order to restrain the smaller competitors in the market, the compan
    7·1 answer
  • You go on vacation to Mexico and take $1,000 with you. During your time in Mexico, the peso appreciates in value relative to the
    14·2 answers
  • A firm, with an 18% cost of capital, is considering thefollowing projects (on January 1, 2011):Jan. 1, 2011, Cash outflow (000's
    15·1 answer
  • An article in the Wall Street Journal on the housing market states that​ "Steady job​ growth, rising wages and low interest rate
    11·1 answer
  • Research and planning skills involve
    11·1 answer
  • an architectural design company just won the bid for a huge project. to ensure that everyone does the right work at the right ti
    12·1 answer
  • Law of demand is defined as the relationship between price and quantity from a buyer's perspective.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!