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sergejj [24]
3 years ago
9

Sophie's credit card has an APR of 19 percent. What is the periodic rate?

Business
1 answer:
In-s [12.5K]3 years ago
3 0

Her daily periodic interest rate is 0.05%, her monthly periodic interest rate is 1.58%, and her semiannually periodic interest rate is 9.5%.
APR stands for the annual percentage rate of an interest rate of a person. The periodic interest rate is the portion of an annual percentage rate based on a specified period such as daily, monthly, and semi-annually. The Periodic interest rate is calculated by dividing the APR by the specified period such as 365 for the daily period, 12 for the monthly period, and 2 for the semi-annual period<span>.</span>
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Country A can produce two goods: good X is labor-intensive and good Y is labor-intensive. As a result of international trade the
vekshin1

Answer:

Both goods are originally labor intensive, so we can conclude that the country has a lot of labor resources, while their capital resources should be rather limited. Since the world price of good X increases compared to the price of good Y, then the country will export larger amounts of good X since its price is relatively higher.

4 0
3 years ago
Why is bangladesh internationally competitive in textile and clothing manufacturer?
nalin [4]
The answer is Low wage rate. Processing plants in Bangladesh, the world's second-driving clothing exporter after China, minimize expenses by paying article of clothing specialists the most minimal wages on the planet — the present least is 3,000 taka, about $38, a month. The wage board suggested on Monday that it be raised to 5,300 takas, about $68.
7 0
3 years ago
Firms in the patented pharmaceutical industry earned an average return on net worth of 22 percent in 2006, compared with an aver
IrinaVladis [17]

Answer and Explanation:

The following theories of profit best explain the profits of pharma companies:

1. Risk bearing - The theory says the higher the risk, the higher the rewards. The pharma companies take huge risks in inventing a new drug, having trials and the getting FDA approvals.

2. Monopoly - If a new drug is approved, the pharma company gets a patent over it, which means that it will have an effective monopoly on that segment of the market.

3. Innovation - it states that innovation is what keeps a company ahead. And pharma industry is built on innovation. Pharma companies have to continuously find new drugs because once patents run out on existing drugs, there are no profits to be made.

3 0
3 years ago
You are a financial advisor helping a young family create a college fund to provide for their daughter Mary’s education. Mary ju
stiv31 [10]

Answer:

a. Tuition and housing costs today = $65,000 per year

Inflation rate = 4%

Tuition and housing costs in 13 years = 65,000 * (1 + 0.04)^13

Tuition and housing costs in 13 years = $108,229.78

b. Amount to be in the savings account can be calculated using the present value of a growing annuity due formula

After tax rate of return = 10 * (1 - 0.3) = 7%, Growth rate = 4%, Number of year = 4

PV = P x (1 + r) * [1 - (1 + g)^n * (1 + r)^-n] / (r - g)

PV = 108,229.78 * (1 + 0.07) * [1 - (1 + 0.04)^4 * (1 + 0.07)^-4] / (0.07 - 0.04)

PV = $415,050.16

c. Amount of the first payment can be calculated using FV of a growing annuity

FV = $415,050.16, Number of years = 13, Growth rate = 2%, Rate of return = 10%

FV = P * [(1 + r)^n - (1 + g)^n] / (r - g)

415,050.16 = P * [(1 + 0.07)^13 - (1 + 0.02)^13] / (0.07 - 0.02)

P = $18,591.47

d. If the investments are tax free, the rate of return = 10%

Amount to be in the savings account = PV = P * (1 + r) * [1 - (1 + g)^n * (1 + r)^-n] / (r - g)

= 108,229.78 * (1 + 0.1) * [1 - (1 + 0.04)^4 * (1 + 0.1)^-4] / (0.1 - 0.04)

= $398,768.92

FV = P * [(1 + r)^n - (1 + g)^n] / (r - g)

398,768.92 = P * [(1 + 0.1)^13 - (1 + 0.02)^13] / (0.1 - 0.02)

P = $14,778.36

7 0
3 years ago
The best description of business model risk is:
prohojiy [21]

The answer to the question is (C) how changing circumstances may affect the business and how the business model can be adjusted to cope with them.

Business model is defined as a model that a business uses to determine how it plans to generate revenue and in turn, profit. Another term for business model is profitability model. Thus business model risk implies risk management principles that are applied on business model contexts.

5 0
3 years ago
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