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
Alexeev081 [22]
3 years ago
5

Borrowed 152300 for three years if the qouted rate (apr) is 11.75% and the compounding is daily what is the effective annual rat

e ?
Business
1 answer:
Vikki [24]3 years ago
7 0

Answer:

The appropriate response is "12.47%".

Explanation:

The given values are:

Borrowed amount,

= 152300

APR,

= 11.75%

i.e.,

= 0.1175

Now,

The effective annual rate will be:

= (\frac{1+APR}{n} )^n

On substituting the given values, we get

= (\frac{1+0.1175}{365} )^{365}

= (\frac{1.1175}{365} )^{365}

= 1.12466-1

= 0.1247 \ or \ 12.47 \ percent

You might be interested in
Other things the same, during recessions taxes tend to Select one: a. rise. The rise in taxes contracts aggregate demand. b. fal
Hunter-Best [27]

Answer:

The correct answer is letter "C": fall. The fall in taxes stimulates aggregate demand.

Explanation:

Recessions are the economic phases characterized by a decrease in economic growth. Unemployment rises, real income decreases, and the overall economy of a country dwindles. However, the government intervenes to turn around the situation by establishing fiscal policies.

<em>In such scenarios the tax rate decreases for individuals and institutions to have more money available so their purchasing power increases which, eventually, increases the aggregate demand (total demand for finished products).</em>

6 0
3 years ago
The officer responsible for managing the firm's cash flows is the
Wewaii [24]
The officer responsible for managing the firm's cash flows is the <span>treasurer</span>.
8 0
3 years ago
What is purpose of public relations?
Elza [17]

Answer:

Explanation:

The aim of public relations by a company often is to persuade the public, investors, partners, employees, and other stakeholders to maintain a certain point of view about it, its leadership, products, or of political decisions.

5 0
2 years ago
Read 2 more answers
Fashion, Inc. had a Retained Earnings balance of $16,000 at December 31, 2021. The company had an average income of $6,500 over
avanturin [10]

Answer:

Total amount of dividends paid over the last three years is $20500

Explanation:

The net income of the company is either retained in the company or paid out as dividends. To calculate the value of the ending retained earnings, we use the following formula,

Ending balance = Beginning balance + Net Income - Dividends

We first need to calculate the total net income for the 3 year period. The total net income for the 3 year period is, 3 * 6500 = $19500

Plugging in the available values for the ending and beginning balance of retained earnings and net income, we can calculate the value of total dividends paid for the three year period.

15000 = 16000 + 19500 - Dividends

Dividends = 35500 - 15000

Dividends = $20500

4 0
2 years ago
A Broker Price Opinion (BOP) and Competitive Market Analysis (CMA) are estimates of value created by real estate licensees for m
dimulka [17.4K]

Answer:

This evaluation was prepared by a licensed real estate broker and is not an appraisal. This evaluation cannot be used for the purposes of obtaining financing.

Explanation:

4 0
2 years ago
Other questions:
  • The annual demand for an item is 10,000 units. The cost to process an order is $75 and the annual inventory holding cost is 20%
    8·1 answer
  • Based on the following​ information, what is the balance on the current​ account? Exports of goods and services​ = $12 billion I
    8·2 answers
  • Regardless of whether a tax is levied on sellers or buyers, taxes encourage market activity.
    11·1 answer
  • Data concerning Pony Corporation's single product appear below: Per Unit Percent of Sales Selling price $ 200 100 % Variable exp
    6·1 answer
  • Henry, who is not a dependent, states he wishes to claim EITC this year for his 35-year-old dependent child. Both reside in the
    13·1 answer
  • Everything else held constant, if the federal government were to guarantee today that it will pay creditors if a corporation goe
    12·1 answer
  • Total weekly salaries expense for all employees is $10,000. This amount is paid at the end of the day on Friday of each five-day
    11·1 answer
  • (02.01 LC)
    12·1 answer
  • During 20X5 Peterson Company experienced financial difficulties and is likely to default on a $500,000, 15%, three-year note dat
    12·1 answer
  • Maria is going to a hiking trip this weekend. She has been busy shopping for the trip. Which of these items that she bought are
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!