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
ziro4ka [17]
2 years ago
5

Tyrell has a bankruptcy on his credit report and therefore pays higher interest rates on his current loans. He calculates that t

he extra money he pays in additional interest each year, if invested at the rate of 2.5% for one year, could earn him simple interest totaling $300. How much does Tyrell pay in additional interest each month?
Business
1 answer:
jeka57 [31]2 years ago
8 0

Answer: $1000

Explanation:

From Tyrell's calculation, if he invests his additional credit card payment at the rate 2.5% per annum for one year could earn him simple interest totaling $300

Recall:

Simple interest = principal × rate × time

Principal = additional credit card payment

$300 = principal(P) × (2.5/100) × 1

$300 = P × 0.025 × 1

$300 / 0.025 = P

P = $12,000

Therefore, additional payment per year = $12,000

Monthly payment thus equals :

$12,000 / 12 = $1000

You might be interested in
A public health expert is writing a report on lead hazards for a widespread audience. any terms in the report that are unfamilia
Mariana [72]
That would be introduction.
5 0
2 years ago
What is a standard mark up
Zepler [3.9K]

Answer:Standard markup is a fast and easy method to figure out how much you should charge for your goods or services. Standard markup boils down to one simple formula: actual cost + markup = price. For example, it might cost you $3 in ingredients to make a sandwich.

Explanation:

6 0
3 years ago
Read 2 more answers
Real GDP:
Gre4nikov [31]

Answer:

The correct answer is measures economic activity and income.

Explanation:

Real GDP is the economic measure to determine the total production of goods and services produced by a country at constant prices. This means that this indicator does not take into account price changes over time (inflation), which differs from nominal GDP, which does consider the value of money in a given period of time.

5 0
3 years ago
Utica Company’s net accounts receivable was $250,000 at December 31, 2016, and $300,000 at December 31, 2017. Net cash sales for
dexar [7]

Answer:

Total Net Sales = $1475000

Explanation:

Average Accounts Receivables = (250000 + 300000) / 2

Average Accounts Receivables = 275000

Accounts Receivables Turnover = Credit sales / Average Accounts Receivables

So,

5 = Credit Sales / 275000

5 * 275000 = Credit Sales

Credit Sales = $1375000

Total Sales = Credit Sales + Cash Sales

Total Sales = 1375000 + 100000 = $1475000

8 0
3 years ago
Read 2 more answers
A market order has: a. Price uncertainty but not execution uncertainty. b. Both price uncertainty and execution uncertainty. c.
Ipatiy [6.2K]

Answer:

The correct answer is letter "A": Price uncertainty but not execution uncertainty.

Explanation:

When talking about trading orders, a market order is executed whether to buy or sell a security at market price. The market order does not follow the security's price at the bid or ask, it usually follows the last price at which the security was sold. Thus, that <em>price is always uncertain.</em>  

The benefit of market order relies on the execution. Traders will not have to wait until another trader is willing to buy or sell at their desired level. The <em>market order will execute the order almost automatically</em> at the price the market has available.

6 0
2 years ago
Other questions:
  • You own 850 shares of Western Feed Mills stock valued at $53.15 per share. What is the dividend yield if your total annual divid
    13·1 answer
  • The human relations movement initially espoused a dairy farm view of management, meaning that contented cows give more milk, and
    9·1 answer
  • In an informationally efficient capital market: Group of answer choices security prices quickly reflect new information. investo
    9·2 answers
  • Brandon Ramirez wants to set up a scholarship at his alma mater. He is willing to invest $320,000 in an account earning 11 perce
    7·1 answer
  • The crucial issue with the continuity factor of a business’s organizational form is _______.
    10·1 answer
  • A city government adds street lights within its boundaries at a total cost of $300,000. The lights should burn for at least 10 y
    5·1 answer
  • Chris Suit is administrator for Lowell Hospital. She is trying to determine whether to build a large wing on the existing hospit
    5·1 answer
  • On average, do women spend more on haircuts than men? Someone took a random sample of men and women at UF and asked them how muc
    14·1 answer
  • If total revenue rises as a result of a decrease in the price of a given good, it follows that demand is
    5·1 answer
  • UNIT 4-5: DETERMINANTS PRACTICE I Practice with Shifts of Demand &amp; Supply
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!