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
Kobotan [32]
2 years ago
5

If mega corp. borrows $9,000 and agrees to pay the lender $10,500 in one year, the annual interest rate on this loan is approxim

ately:
Business
1 answer:
kap26 [50]2 years ago
5 0
In simple interest, the interest rate is
i=(10500-9000)/9000=16.67%

In compound interest, compounded monthly,
10500=9000(1+i/12)^12
=>
APR=12(10500/9000)^(1/12)-1
=11.155%
(effective interest is still 16.67%)
You might be interested in
If we are told specifically to pay attention to a particular element of a decision or event, we are likely to miss all of the su
suter [353]

Answer:

a. inattentional blindness

Explanation:

The inattentional blindness is a phenomena in which an individual fails to notice the surrounding details which are clearly visible to the individual that may unexpected or unnecessary for the individual as the individual has his attention on some another thing which can be an event or the task or some object.

7 0
2 years ago
Personal Accents, Inc., (PAI) is a publicly held company that specializes in selling a variety of skin- and hair-care products.
Ilya [14]

Answer:

The answer is option “d” – selling PAI stock short.

Explanation : Short selling should be done only when the share prices are expected to fall. In this case PAI stocks are set to rise in a gradual manner and short selling will lead to losses.

8 0
2 years ago
Describe the 5 office layout.​
Morgarella [4.7K]

Answer:

The five most popular would be the...

Cubicle Office layout. This is the most popular and is basically a box with an opening.

Open Office layout. This is several rows of large desks. By definition, it is not very enclosed.

Co-Working Office layout. Less common, these are offices rented out to employees by third parties.

Team-Cluster Office layout. For teams working on something, this is a good way to go. One table where you can easily work together on things with each other as you go.

Hybrid Office layout. This one is a mix of a few others and customizable to a workplace's specific needs. Some of these don't even feel like offices!

5 0
2 years ago
Please ask a question of 50 points​
MrRa [10]

my question is why do we need to do it  i know you asked nicely but i just wanna know

3 0
3 years ago
Read 2 more answers
The increases and decreases caused by business trasactions are recorded in specific accounts. tru or false
Likurg_2 [28]
The answer is true.
8 0
2 years ago
Other questions:
  • If your uncle borrows $69,000 from the bank at 11 percent interest over the nine-year life of the loan. Use Appendix D for an ap
    13·1 answer
  • Credit unions are not subject to federal regulations.<br> T/F
    10·2 answers
  • AirStep Shoe Company has two retail stores, one in Gainesville and the other in Orlando. The Gainesville store had sales of $165
    12·1 answer
  • Mahon Corporation has two production departments, Casting and Customizing. The company uses a job-order costing system and compu
    5·1 answer
  • All else being equal, corporations prefer payments it makes to be classified as dividends rather than business expenses. True Fa
    13·1 answer
  • A business is concerned with many day-to-day activities. Some of the most important are the planning and conception of the produ
    11·1 answer
  • Dinklage Corp. has 4 million shares of common stock outstanding. The current share price is $83, and the book value per share is
    12·1 answer
  • The advantages of using typedef do not include:a. Making programs more portable by allowing data types to be easily changed to m
    13·1 answer
  • 2018
    10·1 answer
  • What most likely resulted after the U.S. Poured resources into stopping the spread of communism after World War II? * 1 point U.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!