The final values of the loan would be:
- The cost of the payment for each month is: $ 138.88 + $ 16.66 = $ 155.54 (interest)
- The total cost of interest is: $ 600 = $ 200 × 3 years.
- The total cost of the loan is $ 5000 + $ 600 = $ 5600 (3-year interest)
<h3>What is the APR?</h3>
APR is an acronym for the percentage interest rate on a loan that a bank charge for each year that the loan is repaid. According to the above, in a loan of $ 5000, we must pay 3 times the 4% because the payment will be made within 3 years.
To know the value of the interest on the loan we must divide the value of the loan by 100 and multiply the result by 4 as shown below:
- $ 5000 ÷ 100 = $ 50
- $ 50 × 4 = $ 200
According to the above, the value of the interest is $ 200. To know the total value of the interest we must multiply $ 200 by the years that we are going to pay the loan as shown below:
Finally, to know how much we must pay each month we must divide the total value of the loan by the number of months that we are going to pay the loan. On the other hand, we must divide the total value of the interest by the number of months that we are going to pay the loan and add it to the total value of each month as shown below:
- $ 5000 ÷ 36 = $ 138.88
- $ 600 ÷ 36 = $ 16.66
- 138.88 + $ 16.66 = $ 155.54
Learn more about APR in: brainly.com/question/8846837
Answer:
Less than a year.
Explanation:
Mid term is the middle of a term idk man i just know it
Answer:
Organizational inertia
Explanation:
This phenomenon occurs when an organization which has the ability or capacity to progress, improve and outperform is not doing so, but instead remains in in current status.
In other words, it is an organization that is resistant to change. In this example, we noticed that Ross the newly appointed CEO recognized a competitive advantage the company could develop, but many lower-level managers from numerous departments pushed back or resisted his recommendation for a change.
Hollow corporations are b. companies that outsource all production to suppliers
<h3>What are hollow corporations?</h3>
Hollow corporations can be defined as those companies that outsource their production to supplier, which means that they do not produce within the company but all production are carried out supplier .
Hence, the correct option is B, because hollow corporation tend to outsource all production to supplier.
Learn more about Hollow corporations here:brainly.com/question/27415560
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