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wel
3 years ago
12

Tom, Kirk, and Steve are triplets. They all decide to borrow $1,000 today to go on vacation. They will repay their loans, plus a

ll the accrued interest, in one lump sum exactly 1 year from today. Tom borrows his money at 6 percent simple interest. Kirk’s loan is based on 6 percent interest compounded monthly. Steve is charged 6 percent compounded annually. Who pays the most interest? How much more interest does he pay more than his brothers?
Business
1 answer:
ra1l [238]3 years ago
7 0
1 dollar or 1 million dollars
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C) low-ball technique.

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3 years ago
the economy is currently in long-run equilibrium. if the central bank increases the money supply, in the long run the price leve
Scorpion4ik [409]

The economy is currently in long-run equilibrium. If the central bank increases the money supply, in the long run the price level will raises.

<h3>What is long-run equilibrium?</h3>

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4 0
2 years ago
Andrew, a project manager in a multinational company, accepts a very challenging project from his client as he feels that the em
shepuryov [24]

Answer:

Theory Y

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In theory Y, managers have a positive and optimistic view of their employees.  They assume employees are happy to work and that workers are motivated by attaining objectives.  In theory Y, employees can work towards organizational goals through self- direction and self-control.

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5 0
3 years ago
Duerr Company makes a $79,000, 30-day, 12% cash loan to Ryan Co. The note and interest to be collected at maturity is:
anzhelika [568]

Answer:

The maturity value is "$79790".

Explanation:

The given values are:

Principal

= $79,000

Time

= 30/360

Rate

= 12%

The interest on the cash loan to Ryan and Co will be:

= 79000\times 12 \ percent\times \frac{30}{360}

= 790 ($)

Maturity value

= Principal\times (1+rate\times time)

= 79000\times (1+(12 \ percent\times \frac{30}{360} )

= 79000\times 1.0100

= 79790

5 0
3 years ago
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