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
Dmitry [639]
3 years ago
12

Suppose People's bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $

250.00 at the end of each quarter and then pay off the principal amount at the end of the year. What is the effective annual rate on the loan

Business
1 answer:
I am Lyosha [343]3 years ago
4 0
The correct answer is 10.38%

You might be interested in
The following table lists all costs of quality incurred by Sam's Surf Shop last year. Annual inspection costs Annual cost of scr
Alborosie

Answer:

$707,000

Explanation:

Calculation for Sam's appraisal cost for quality last year

Using this formula

Appraisal cost = Annual inspection costs + Annual testing cost

Where,

Annual inspection costs =$172,000

Annual testing cost=$535,000

Let plug in the formula

Appraisal cost = $172,000 + $535,000

Appraisal cost = $707,000

Therefore Sam's appraisal cost for quality last year will be $707,000.

3 0
3 years ago
You deposit $5000 at end of each year for 10 years. assume you are earning 8.88% per year for the entire problem. after 10 years
yan [13]
I say around 15-25 yrs but really i am not sure just being honest 

8 0
3 years ago
Write down the factors on which supply flexibility is based.
Fed [463]

Now the supply chain flexibility is based make to order strategy, low volumes, low switching costs and low stocks.

3 0
2 years ago
Neal joins Filestene Inc. as an executive designer. The HR manager informs him that he will have to join the labor union within
Gnesinka [82]

Answer: (E) Union shop

Explanation:

 The union shop arrangement is refers to the process in which we require the number of workers for join and also participate in the specific union and it is also called as the post entry or the closed shop.

The workers or the union representatives also providing the various types of benefits in the specific time period. Depending on the different protection level the trade unions are varying nation to nations.

According to the given question, the Neal's human resource manager is basically referring to the union ship that is related to the union membership.    

Therefore, Option (E) is correct answer.  

7 0
3 years ago
How is a credit union different from a retail bank
a_sh-v [17]
Credit unions are not-for-profit financial cooperatives. Whose earnings are paid back to members in the form of higher saving rates and lower loan rates.Banks are for profit businesses with earning paid to stockholders only.
7 0
3 years ago
Read 2 more answers
Other questions:
  • A sweater is on sale for 40% off the original price of $68. the sales tax rate is 7%. what is the tax on the sale price?
    10·1 answer
  • Please help ASAP giving BRAINLIEST , Did I get this correct?
    15·1 answer
  • All Rite Manufacturing reported the​ following:
    9·1 answer
  • On September 10, Harris, Inc., a new car dealer, placed a newspaper advertisement stating that Harris would sell ten cars at its
    14·2 answers
  • Johanna agrees to purchase Jessie’s land so that she can build a golf course. They write a contract, and Johanna transfers the d
    15·1 answer
  • When the marginal benefit of an output exceeds the marginal cost?
    7·1 answer
  • Simplify (7^5)^3 <br><br>A)(1/7)^15<br>B)35^3<br>C)7^15<br>D)7^8
    15·2 answers
  • 4. Does the same thing work for every customer?
    6·2 answers
  • Your firm needs a computerized machine tool lathe which costs $53,000 and requires $12,300 in maintenance for each year of its 3
    15·1 answer
  • The inventory of Royal Decking consisted of five products. Information about ending inventory is as follows:
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!