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pishuonlain [190]
3 years ago
5

You are looking at a one-year loan of $26,000. The interest rate is quoted as 11 percent plus two points. A point on a loan is 1

percent (one percentage point) of the loan amount. Quotes similar to this one are common with home mortgages. The interest rate quotation in this example requires the borrower to pay two points to the lender up front and repay the loan later with 11 percent interest.
What rate would you actually be paying here? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Interest rate %
Business
1 answer:
ollegr [7]3 years ago
8 0

Answer:

the rate of interest is 13.27%

Explanation:

The computation of the actual rate paid is shown below;

Present value is

= $26,000 - 2% of $26,000

= $26,000 - $520

= $25,480

The future value is

= $26,000 × (1 + 0.11)

= $28,860

Now as we know that

Future value = Present value × (1 + rate of interest)^number of years

$28,860 = $25,480 × (1 + rate of interest)

So, the rate of interest is 13.27%

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How valuable a low-cost leader's cost advantage is depends on A) the aggressiveness with which the low-cost leader pursues conve
Jobisdone [24]

Answer:

The correct answer is  B) whether it is easy or inexpensive for rivals to copy the low-cost leader's methods or otherwise match its low costs.

Explanation:

A cost advantage is where a business is able to produce its output at a lower cost compared to its competitors. It can result due to different factors such as superior technology, more effective processes, and lower resource costs.

The value of a leader's cost advantage depends on how easily the rival businesses can copy its methods to reduce their own costs. If the rival businesses can easily copy these methods, then their own costs shall also reduce and the leader's cost advantage shall cease to exist.

If, however, the methods cannot easily be adopted by other businesses, then the leader's cost advantage remains effective and highly valuable. This corresponds to option B.

7 0
3 years ago
In addition to teaching some amount of tolerance, the crusades also encouraged ______.
Lilit [14]
People to do more types of math
3 0
3 years ago
An asset which costs $97,600 and has accumulated depreciation of $82,000 is sold for $18,000. what amount of gain or loss will b
frutty [35]
Book value
Cost of an asset-accumulated dep
97,600−82,000=15,600

So
18,000−15,600=2,400
a gain of $2,400.

Hope it helps
8 0
3 years ago
Riverbed Corporation has the following accounts included in its December 31, 2020, trial balance: Accounts Receivable $111,900,
777dan777 [17]

Answer:

$439,610

Explanation:

Preparation for the current assets section of the balance sheet

Current assets

Cash $32,000

Accounts Receivable$111,900

Allowance for Doubtful Accounts($9,080)$102,820

($111,900-$9,080)

Inventory $295,000

Prepaid Insurance $9,790

Total current assets $439,610

($32,000+$102,820+$295,000+$9,790)

Therefore the current assets section of the balance sheet is $439,610

4 0
3 years ago
Question 13 of 20
Ganezh [65]

Answer:

introduction stage

Explanation:

it's making me have 20 characters so it's just introduction stage to introduce a new product

5 0
3 years ago
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