A $150,000 loan has monthly interest-only payments of $1,000. its annual interest rate is 8 percent. Option C
This is further explained below.
<h3>What is the annual interest rate?</h3>
Generally, The annual cost of borrowing money, including any associated fees, is referred to as the Annual Percentage Rate (APR). This rate is given as a percentage.
In conclusion, The equation for Rate is mathematically given as
R= payment / principal,
Where
$1,000 x 12 = $12,000
Therefore
$12,000 / $150,000 principal
Rate = 8%.
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complete question
A $150,000 loan has monthly interest-only payments of $1,000. Its annual interest rate is
3 percent.
6.5 percent.
8 percent.
12.5 percent.
<h3><u>Answer;</u></h3>
An artist who runs a business that paints murals in office buildings and restaurants
<h3><u>Explanation;</u></h3>
- <em><u>An entrepreneur is an individual who organizes or operates a business or a business venture by identifying an opportunity in the market. The entrepreneur starts a business by risking his/her own money for the business venture.</u></em>
- We can say that an entrepreneur combines the factors of productions, that is land, labor, and capital to produce products.
He or she has the capacity and willingness to develop, organize and manage a business venture along with any of its risks for the purpose of making profit.
The use of teams in the workplace has increased so dramatically because using team work will enable a company to take on additional works without having to employ more staff. This will result in more revenue and profits for the company.
The Area Of The Triangle Is
140
