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
dimaraw [331]
3 years ago
10

Mia received a credit card offer in the mail. The credit card has an annual percentage rate of 26%. What is the approximate mont

hly interest rate that will apply to any unpaid balances on this credit card?
Business
1 answer:
devlian [24]3 years ago
6 0

Answer:

Monthly interest rate = 2.16666667%

Explanation:

Given:

Annual percentage rate = 26% = 26 / 100 = 0.26

Total number of months in a year = 12 month

Monthly interest rate = ?

Computation of monthly interest rate :

Monthly interest rate = Annual percentage rate / Total number of months in a year

Monthly interest rate = 0.26 / 12

Monthly interest rate = 0.0216666667

Monthly interest rate = 2.16666667%

You might be interested in
A tenant rented an apartment, signing a 15-month lease. After the lease expired, the tenant paid 1 month's rent and got a receip
sineoko [7]

A tenant rented an apartment, signing a 15-month lease. After the lease expired, the tenant paid 1 month's rent and got a receipt. What kind of leasehold goes the tenant have holdover tenancy

A holdover tenant is a tenant who continues to occupy a rental after the lease has ended. The holdover tenant can continue to occupy the property legally if the landlord accepts rent payments; the length of the holdover renter's new rental term is determined by state legislation and court decisions. The tenant is seen to be trespassing if the landlord refuses to accept any additional rent payments, and if they do not leave right away, an eviction may be required.

  • A holdover tenant is one who keeps making rent payments after the lease has ended. To avoid starting eviction procedures, the landlord must also concur.
  • In a murky space between a full rental agreement and trespassing, holdover tenancy exists. All parties are better protected by even a one-sentence agreement, thus it should be taken into consideration.
  • The month-to-month rental clause that is found in the majority of lease agreements frequently eliminates this problem.

Learn more about holdover tenancy here

brainly.com/question/14501662

#SPJ4

6 0
1 year ago
Which of the following is not an indicator of the business cycle?
Svetach [21]
D Bc it is d is why it is d is correct
4 0
3 years ago
In order for a behavioral definition to possess _______________ ______________, two outside independent observers must agree tha
sertanlavr [38]
There should be two outside independent observers or two outside judges on the other words, that must agree and believe that the definition captures the important characteristics of the target behavior in order for a behavioral definition to possess social validity.
5 0
3 years ago
Read 2 more answers
Harley-Davidson motorcycle owners, who pay a price premium for their motorbikes, have formed the Harley Owners Group (HOGs), who
Elan Coil [88]

Answer:

A) Functional and social value

Explanation:

Seeing the benefit that customers attribute to products is a marketing strategy to optimize sales and establish a brand that customers identify with. In this case, motorcyclists experience functional benefit and social benefit.

The functional benefit concerns the essential characteristics of the product, such as physical characteristics that please the consumer (eg the motorcycle scooter design). The social benefit is associated with the pleasure that the customer gets when purchasing the product. This is an individual benefit for each consumer, however, is an extrinsic advantage attributed to the product. For example, the status that the motorcycle brings to its owner.

5 0
2 years ago
According to business process management, identify the management's next step after developing a vision for the organization.
elena55 [62]

Answer:

They should identify the critical processes that are to be redesigned.

Explanation:

Business process management focuses mainly on activities which is directed toward improving the company performance. It involves critically analysing, evaluating and improving various business processes.

Examples of business management tools include: Zoho creator, Pega platform, Bonita Bpm, Processmaker. These various tools helps to cut down different costs, build a stronger customer interaction, helps to develop an edge against competitors, reduce inefficiency among enployees, ensure smooth running of the organisation.

8 0
3 years ago
Other questions:
  • True or false travel expenses are by far the largest item in a typical campaign budget today
    13·1 answer
  • The 2012 youth gang survey depicted an estimated 30,000 gangs containing about ______________ gang members active in the united
    14·2 answers
  • Parton Co. is a car manufacturing company that wants to hire a new product manager. Senior management decides to have the depart
    9·1 answer
  • Suppose that Marie is buying bananas. She decides that she would like to purchase three bananas at the price of $0.25 per banana
    13·1 answer
  • Kathryn is shopping and needs to choose a combination of pants and shirts to buy. She has a total of $24 to spend. Each pair of
    7·1 answer
  • Jif Peanut Butter has long used the slogan "Choosy mothers choose Jif." This campaign does not directly challenge competitors bu
    7·2 answers
  • An investment broker wants to invest up to $20,000. She can invest in two mutual funds based on their yearly average return for
    5·1 answer
  • 70 Marketing Dynamics .. .. : : . . : Part 4: Be Your Own Leader Leaders on a Top Secret Mission On December 6, 2011, a woman wa
    14·1 answer
  • After a bank reconciliation has been completed these transactions are listed as ____ to the cash balance? ? need help taking A p
    6·1 answer
  • Bob cratchit needs $16 per month for grave maintenance after he passes. if he earns 3.0 nnual interest, compounded monthly, how
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!