3 years ago

What is the answer to this question ? Can someone please help !

Business

1 answer:

professor190 [17]3 years ago

7 0

SMART is an acronym that means specific, measurable, achievable, relevant. The answer is D.

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Answer: 18%

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The payments that your friend will make are an annuity as they are constant. This means that the loan amount of $15,000 is the present value of the annuity.

To find the rate of return, use the factor tables.

Present value of annuity = Annuity * Present value interest factor of annuity, 14 years, ?%

15,000 = 3,000 * Present value interest factor of annuity, 14 years, ?%

Present value interest factor of annuity, 14 years, ?% = 15,000 / 3,000

Present value interest factor of annuity, 14 years, ?% = 5.0

Go to the present value of annuity factor table and find out what interest rate intersects with 14 periods such that the factor is 5.0.

That rate is 18%.

Rate of return is therefore 18%.

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Why does electronic commerce benefit small firms? Without e-commerce, small firms often lack the resources to expand beyond loca

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Without e-commerce, small firms often lack the resources to expand beyond local markets.

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In Business, e-commerce can be defined as a business model which involves the buying and selling of goods or products over the internet.

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