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
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.

You might be interested in
Roberta Whitman has recently been hired by Jackson Pharmaceuticals as the senior vice president of human resources. Jackson Phar
Nata [24]

Answer:

Employees frequently complain about the inconsistent assistance they receive from the HR department due to its large size.

Explanation:

Having a specialized, embedded HR unit is beneficial to each, specific unit, as  HR would cater to every department and its special needs. On the contrary, centralized HR tends to give inconsistent help, as they always assign a different person or team when a problem arises.

So, if the employees complained that they cannot receive adequate help from the centralized HR, it would be wise to do what Roberta suggested.

8 0
2 years ago
Which of these is a placeholder in a document into which variable data is inserted during the process of a mail merge?
hammer [34]
If I’m right it would be the last O :)
5 0
3 years ago
Read 2 more answers
At the economy's natural rate of unemployment, t(A) the economy is fully employed.(B) there is only a relatively small amount of
qwelly [4]

Answer:

The correct answer is (C) only frictional unemployment exists.

Explanation:

The unemployment rate is considered natural and refers to this term in a certain way because there are workers who change jobs for professional aspirations or for the improvement of the quality of life, due to its proximity to the new workplace and the remoteness of the previous one. Even when there is full employment there are certain unemployed people, it is what is known as frictional unemployment, since workers need time to find the right job.

3 0
3 years ago
А
kotegsom [21]

Answer:

2,000

Explanation:

On average, a person who have a full time job works will work approximately 2,000 hours each year reason been that we have 5 working days in a week and standard working hours in a weeks is 40 hours (5days×8hours daily) which means 8 hours daily , secondly we have 52 weeks in a year, now assuming that person takes 2 weeks off each year for his or her vacation we would have 50 weeks left (52 weeks-2 weeks vacation) which means that the person would be working 50 weeks of the year multiply by 40 hours a week which will give us a total of 2,000 hours each year.

40 work hours weekly× 50 weeks yearly

=2,000 hours of work each year

Therefore on average, a person with a full time job works approximately 2,000 hours each year.

7 0
3 years ago
describe the difference between autonomous expenditure and induced expenditure. Which sectors of the economy are assumed to have
Vika [28.1K]

Answer:

The difference between autonomous expenditure and induced expenditure is as follows:

The autonomous expenditure is incurred even without a disposable income.  The expenditure is incurred to provide basic necessities of life.  In such a situation, the person spends from savings account or borrows to ensure that the basic necessities are provided.

On the other hand, induced expenditure is a disposable income-based expenditure.  This implies that when disposable income rises, induced expenditure also rises, and vice versa.  Induced expenditure is usually incurred to fund normal goods and services and not necessities.  Without disposable income, there is no induced expenditure.

All the four sectors of the economy engage in these expenditures.  The public (government) and household sectors are mostly affected.  However, even the business and non-profit sectors are also affected by these types of expenditure.

Explanation:

We can distinguish between two types of aggregate expenditure.  The first one is autonomous aggregate expenditure, which does not vary with the level of real GDP while induced aggregate expenditure varies with real GDP.

3 0
2 years ago
Other questions:
  • The netcraft secure server survey in 2013 indicated an increase of _____ the number of websites it reported in 2010.
    14·1 answer
  • Tiffany purchased a $10,000, 13-week Treasury bill that is paying 2.25%. What is the effective rate on this T-bill?
    7·1 answer
  • The interrelationships with suppliers, customers, distributors and other businesses that are needed to design, build and sell a
    15·1 answer
  • Damian owns a pick-up truck and a motorcycle. He sells the motorcycle to Eden for $10,000. Eden pays for the cycle with a check,
    9·1 answer
  • If an organization under a compliance law is not in compliance, how critical is it for your organization to mitigate this noncom
    15·1 answer
  • In Step 4, the EUP from Step 2 and the cost per EUP from Step 3 are used to assign costs to the:
    13·1 answer
  • Farm subsidies account for approximately ________ of net agricultural income, making America's farmers among the most heavily su
    11·1 answer
  • The Clemson Company reported the following results last year for the manufacture and sale of one of its products known as a Tam.
    8·1 answer
  • In the context of business ethics,. Involves clear misconduct, unline an ethical dilemma that involves a conflict
    11·1 answer
  • What is considered gross proceeds paid to an attorney.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!