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balandron [24]
3 years ago
15

Chloe has a​ $15,000 personal loan at a nominal interest rate of 8 percent. If the inflation rate is 3 percent what is the real

interest rate paid on the​ loan?
Business
1 answer:
Gnoma [55]3 years ago
7 0

Answer:

5 percent

Explanation:

The nominal interest rate is defined as the interest rate before adjusting for inflation. It is the interest rate stated by lenders when issuing out loans. Inflation erodes the strength of a currency. For depositors to profits from their savings, the nominal rate must be greater than the inflation rate.

The difference between the nominal rate and the inflation rate is the rear rate of return. The rear rate is the actual gain or the cost of borrowing or savings. For chloe, the real rate is the amount the lender will be earning from the personal loan advanced to her. It is the nominal rate adjusted for inflation. The rate is 8 percent, minus 3 percent.

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SVETLANKA909090 [29]

Answer:

dual price

Explanation:

According to my research on economics, I can say that the improvement in the value of the objective function per unit increase in a right-hand side is referred to as the dual price. This strategy is used by most businesses as a way of taking market shares away from their competitors.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0
3 years ago
Dont give some bolonie long answer just say a, b, c , or d and If you don’t now or you think you now don’t answer thanks
Vitek1552 [10]

Answer:

your answer is

B. This is a heading

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7 0
3 years ago
A benchmark market value index is comprised of three stocks. Yesterday the three stocks were priced at $30, $38, and $90. The nu
galina1969 [7]

Answer:

The one-day rate of return on the index is 3.43%

Explanation:

Given that the shares were priced at;

$30    for    710,000 shares

$38    for    610,000 shares

$90    for    310,000 shares

Changes in prices of shares

$34-$30=4

$36-$38= -2

$92-$90=2

Return=change in price of shares/initial price of shares *100

The return will be;

4/30*100 =13.33

-2/38*100= -5.26

2/90*100 = 2.22

Total = 13.33+2.22 - 5.26 =10.29

10.29/3 =3.43

3 0
3 years ago
The Nautical Corporation manufactures custom-made wood wall units. The following data pertains to Job X4A: Direct materials plac
Leokris [45]

Answer:

Total Cost of Job X4A:                                             $

Direct material cost  ($9,000 x 500 units)              4,500,000                              

Direct labour cost (300 hrs x $15 x 500 units )       2,250,000

Overhead applied (100 hrs x $22.50 x 500 units)  1,125,000

Total cost                                                                    7,875,000

Explanation:

The total cost of Job X4A is the aggregate of direct material cost, direct labour cost and overhead applied. Overhead is absorbed on the basis of machine hours. Thus, we will multiply the overhead rate by machine hours and number of units produced.          

7 0
3 years ago
For each of the situations​ listed, identify the primary standard from the IMA Statement of Ethical Professional Practice that i
DaniilM [7]

Answer:

1. To reduce the company's tax bill, Jack uses total cost to value inventory instead of using product cost as required by law.

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2. Since Emilie works in the accounting department, she is aware that profits are going to fall short of analysts' projections. She tells her aunt to sell stock in the company before the earnings release date.

  • Confidentiality: accounting records must b confidential unless you are authorized to disclose them, and you are not authorized to disclose the information to your aunt.

3. Veronica pays a Mexican official a bribe of $50,000 to allow the company to locate a factory in that jurisdiction so that the company can take advantage of the cheaper labor costs. Without the bribe, the factory cannot be located in that location.

  • Integrity: you must abstain from performing illegal activities, and bribery is illegal.

4. There is a failure in the company's backup system after a system crash. Month-end reports will be delayed. Kayla, the manager of the division experiencing the system failure, does not report this upcoming delay to anyone since she does not want to be the bearer of bad news.

  • Credibility: you must report all relevant and important information regardless of whether that information will make you bad or not.
4 0
3 years ago
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