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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%

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_____________ is the act of obtaining a desired object from someone by offering something in return.
Vaselesa [24]

Exchange

<span>Exchange is simply the act of the of giving and receiving between two individuals or two groups. A trade is a typical example of an exchange. For instance, if a farmer gives a fixed number of eggs to another farmer for a fixed quantity of cow’s milk, this is an exchange.  Similarly, if a house guest offers to cook and clean in return for free accommodation, this is an exchange. </span>

8 0
3 years ago
Which of the following is not a legal right of a debtor?
Akimi4 [234]

Debtors are granted some measures or rights. The option that is not a legal right of a debtor is right to declare bankruptcy.

  • A lot of creditors often do not obey simple rules, and thus uses some kind of deceptive or intimidating actions so as to recover money they are owed.

  • A lot of creditors often uses threats of violence in trying to recover debt.

In the State of California’s Rosenthal Act, one, as a debtor, is known to have the right to be free from harassing letters and calls from creditors and collection agencies because of unpaid debt.

it is known to stop creditors from constantly disturbing one at home or sending threatening letters on a regular basis.

Learn more about Debtor from

brainly.com/question/25731182

7 0
2 years ago
Yeet TAKE IT ALL SEA URCHINS
Natasha_Volkova [10]
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3 0
3 years ago
Ethan founded and operated a lunch-only catering business, which specialized in providing fresh, delectable, eat-at-your-desk lu
Tom [10]

Answer:

Sole Proprietorship.

Explanation:

This is an example of a Sole Proprietorship. It is a form of business owned by one person . The owner provides the capital (usually not that large) , has unlimited liability in the business, and the life of the business depends on the existence of the owner; if he falls ill or passes away and there's no succession plan, the business would dissolve.

5 0
3 years ago
Thomas and sharlina work on weekends and holidays doing odd jobs around the neighborhood. they are paid by the day, not by the h
Oksi-84 [34.3K]
<span>Thomas earned the last month = $184 Sharlina earned the last month = $207 GCF (Greatest Common Factor) = 207-184 = 23 Thomas working the last month = Total earned/GCF = 184/23 = 8 Hence the Thomas worked for 8 days Similerly, Sharlina working the last month = Total earned/GCF = 207/23 = 9 Hence the Sharlina worked for 9 days</span>
7 0
3 years ago
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