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
Mariulka [41]
3 years ago
11

Your boss has decided to let you telecommute, meaning that you can move to the Ohio River Valley and live extremely cheaply ...

starting with a house that you can buy for $45,975.00. Your friendly loan officer at Marietta Community Bank informs you that the monthly payment on your 9-year loan will be $752.50. (Payments are end-of-month.) What is the effective annual rate (EAR) on this loan
Business
1 answer:
enyata [817]3 years ago
6 0

Answer:

15%

Explanation:

This is a time value of money question which requires the calculation of the effective annual rate (EAR) on the loan.

First calculate the <em>interest rate</em> of the loan that is <em>compounded monthly</em> using the given parameters as follows :

Pv = $45,975.00

N = 9 × 12 = 108

Pmt = - $752.50

P/yr = 12

Fv = $ 0

i = ?

Interest Compounded Monthly = 14.0579 %

Effective = 15% (using a financial calculator)

You might be interested in
What is the term for the business trend that seeks to simplify and integrate all forms of communication?
Goryan [66]
<span>Unified Communications is the term for the business trend that seeks to simplify and integrate all forms of communication. It's an evolving set of technologies that automate and unify through reduced latency, flow management, and elimination of device and media dependencies.</span>
5 0
3 years ago
Find a current news article (within one week) related to business or technology. Your article can be from a newspaper, the
klasskru [66]

Answer:

Everyone has seen organizations and agencies make a case for their cause on the television, newspaper and radio. We have all heard stories about how a media consultant has helped improve a political candidate's image by cleverly manipulating the press. There are many ways you can use the media to the benefit of your cause. This section introduces you to working with the media.

WHAT ARE THE MEDIA AND MEDIA ADVOCACY?

Media, which is the plural form of 'medium', are the forms of communication – television and radio; newspapers, magazines, and written materials (or "print media"), and, more often now, the Internet – used to spread or transmit information from a source (which can be a person, an organization, a business, an institution, a government agency, a policy maker, or another media outlet) to the general public.

Advocacy means openly supporting a certain viewpoint or group of people. If you are an advocate for a specific cause, you work to persuade local, state, or federal governments or other entities to grant specific rights, make policy changes, provide money, or create new laws for the good of your cause. For example, if you have a child with a disability, you might advocate for the increased availability of medical services for handicapped children in your city.

Media advocacy is the use of any form of media to help promote an organization's or a company's objectives or goals, which come from the group's vision and mission. For example, suppose you’re a media advocate for a non-profit agency working to reduce gang violence in your neighborhood. You would try to present neighborhood issues related to gang violence and the changes you want to make in such a way that you:

Change the way community members look at gang violence. You might want to make it clear who it affects and why, or why kids get involved in gangs in the first place.

Create a reliable, consistent stream of publicity for your agency's issues and activities, including articles and news items about the causes and results of gang violence and about what your agency’s work entails; personal interest stories; success stories; interviews with agency staff and current and former gang members, etc..

Motivate community members and policy makers to get involved.  You probably have ideas about what could be done with public funding, or with government policies that addressed gang violence. You might have volunteer opportunities, or want to publicize a city- or state-sponsored initiative that needs public input and support.  Or perhaps you’re trying to raise money for your work. The media can help with all of these...if you know how to work with them.

Media advocates, or the people who work to attract publicity for organizations and causes, know that the media can get a public or social policy message across to the largest audience possible in the least amount of time.

As a media advocate, you can use the media to:

.

Explanation:

7 0
2 years ago
The Federal Reserve bank acts as banker to both the United States and various international banks true or false
USPshnik [31]
That's not true at all, so it'll be False
7 0
3 years ago
Read 2 more answers
The government increases taxes. What might be a reason for this change in fiscal policy?
Crank
A; a deficit due to improving nationwide public transportation. Surplus in this case means that we have left over money.
8 0
3 years ago
Read 2 more answers
Ashley is taking an essay test in science. Her teacher tells the class what the essay question is so they can create notes befor
Liono4ka [1.6K]
I believe she should get notes from her friend if she does her and her friend can study together. That is proven in a study that if you tutor/teach or study with a person, family member or friend it improves your memory and helps you remember the things you study as well.
6 0
3 years ago
Other questions:
  • On August 4, Rothchild Company purchased on account 12,000 units of raw materials at $14 per unit. During August, raw materials
    12·1 answer
  • Blake Williams has done some research and has discovered that economists believe interest rates will rise significantly over the
    5·2 answers
  • The aggregate demand curve shows that, if other factors are held constant, the higher the price level, the
    13·1 answer
  • An investment of $10,000 has an investment/inflow ratio of 6.2 and a useful life of12 years. What are the annual cash inflow and i
    5·1 answer
  • Moody Farms just paid a dividend of $3.25 on its stock. The growth rate in dividends is expected to be a constant 5 percent per
    7·1 answer
  • Security Technology Inc. (STI) is a manufacturer of an electronic control system used in the manufacture of certain special-duty
    10·1 answer
  • What does a higher accounts receivable turnover ratio indicate? A) the company collects its short-term debts efficiently. B) com
    9·1 answer
  • The following information was drawn from the balance sheets of the Kansas and Montana companies: Kansas Montana Current assets $
    14·1 answer
  • A market supply schedule shows the relationship between <br><br><br> please!!!!!!
    9·1 answer
  • 1. Which of the following is an example of an intermediary?
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!