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
kramer
2 years ago
14

To remodel a restaurant, Two Brothers Pizza signs a 250-day note with proceeds of $63,159.72 and a maturity value of $68,000. Fi

nd the APR.
Business
1 answer:
ser-zykov [4K]2 years ago
8 0

The annual percentage rate is 11.19%.

Annual percentage rate is the yearly interest generated on the loan granted to borrowers or paid to investors.

.

  • The formulae for APR is (Maturity Value / Net Proceed - 1) * (365 / Period of Note).,

<u>Given data</u>

Net Proceed = $63,159.72

Maturity Value = $68,000

Period of Note = 250 days

APR = ($68,000 / $63,159.72 - 1) * (365 / 250)

APR = 0.076636 * 1.46

APR = 0.1119

APR = 11.19%

Therefore, the annual percentage rate is 11.19%.

See similar solution here

<em>brainly.com/question/19636374</em>

You might be interested in
Which economic tool would most likely be used as part of a contractionary
Inessa05 [86]

Answer:

O B. Raising interest on reserves

Explanation:

The Federal Reserve expects banks to keep a percentage of customer deposits as reserves. The reserves cater to both the normal and unexpected withdrawals. The Federal Reserve (Fed) also uses reserve requirements as a monetary policy tool.

Interest on reserves is one of the monetary policy tools that the Fed uses regularly. The Fed pays interest on any excess reserves held by the banks. Increasing the interest paid on reserves encourages banks to hold more money.  Decreases the interest prompts the banks to lend out more. Contractionary monetary policies are measures aimed at decreasing the money supply in the economy. Increasing interest on reserves increases money held in the banking sectors, thereby slowing down money circulation.

5 0
3 years ago
Which marketing function that involves communicating information about products
EastWind [94]
The answer is distribution
5 0
3 years ago
Which of the following statements is correct?
kkurt [141]
Bonds are a form of a debt captial
3 0
3 years ago
Read 2 more answers
when discussing leadership in the context of what is now termed transformational leadership, burns (1978) . a.tried to link the
pshichka [43]

According to Burn 1978, when we discuss leadership in the context of what is now termed transformational leadership, we tried to link the roles of leadership and followership. So the answer is A.

What is leadership?

Leadership is the act of leading a group of people or an organization when a leader takes risks and challenges the status quo. Leadership also means the ability of a person or a group of individuals to guide and influence an organization's followers. The leader's job is to motivate others to achieve something new and better. The leadership styles and methods are varied because of personal challenges and outside influences.

Learn more about the definition of leadership brainly.com/question/1232764

#SPJ4

5 0
1 year ago
Steve earns $3,250 per month he pays federal and state income taxes of 26%. what is the dollar amount of his taxes per month
tatuchka [14]
3,250*0.26 = 845 $ taxes
6 0
3 years ago
Other questions:
  • Benoit company produces three products—a, b, and
    13·1 answer
  • A disadvantage of corporations is that shareholders have to pay on profits.
    10·1 answer
  • Sonic Corp. manufactures ski and snowboarding equipment. It has estimated that this year there will be substantial growth in its
    7·2 answers
  • What government organization formed to enforce antitrust laws and to make sure the interests of small businesses were protected
    13·2 answers
  • External economies of scaleA.lead to the creation of a single large monopoly.B.cannot be associated with a perfectly competitive
    9·1 answer
  • The Consumer Products Division of Mickolick Corporation had average operating assets of $510,000 and net operating income of $42
    10·1 answer
  • How are volatility and risk related in an investment?
    15·2 answers
  • In one of the case studies in the textbook, Bill Gurado was a branch manager for a consumer-loan finance company in New Orleans
    6·1 answer
  • Taking notes is likely to increase your _____. a. Enunciation b. Focus c. Speaking ability d. Logic
    7·2 answers
  • Maddie noticed that many students on campus had t-shirts and sweatshirts with Greek organization letters or club names on them.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!