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Doss [256]
2 years ago
11

Arabian Beauty Cosmetics borrowed BD 152.300 from the National Bank of Bahrain (NBB) for three years. If the quoted rate (APR) i

s 11.75%, and the compounding is daily, what is the Effective Annual Rate?​
Business
1 answer:
Tju [1.3M]2 years ago
5 0

Answer: 12.47%

Explanation:

First convert the APR to the relevant periodic rate.

The compounding is done daily so the periodic rate is:

= 11.75%/365

Effective Annual rate is calculated by the formula:

= ( 1 + periodic rate)  ^ compounding period per year - 1

= ( 1 + 11.75%/365)³⁶⁵ - 1

= 12.47%

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3 years ago
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Layla Company began making mascara in November 2018 using a single-step process. Layla incurred $42,000 for materials and $48,64
Anna35 [415]

Answer:

correct answer is   b) $2.00

Explanation:

we know here

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and

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4 0
3 years ago
A house sold for $950,000 with a sales commission rate of 7.5%. The listing brokerage received 50% of the total commission and t
aleksandrvk [35]

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8 0
3 years ago
Monetary payments a firm makes to pay for resources are called
timurjin [86]
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5 0
2 years ago
Tennot Inc. sells used cars. It focuses solely on low-income customers who prefer to buy an old car rather than a new one. There
skad [1K]

Answer:

concentration targeting strategy

Explanation:

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