Answer:
D. 25.80 percent
Explanation:
The formula to compute the effective annual rate of the loan is shown below:
= (1 + annual interest rate ÷ periods)^ number of period - 1
= (1 + 23% ÷ 52)^52 - 1
= (1 + 00442)^52 - 1
= 1.00442^52 - 1
= 1.2579618615 - 1
= 25.80%
There are 52 weeks in a year and we considered the same in the above calculation
Answer:
Travel and tourism are vital in sports and entertainment because many people travel to attend or participate in sport events. Multigenerationalism is a factor that business look after as they must satisfy the demands of various generations within a family.
