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Juli2301 [7.4K]
2 years ago
6

When calculating a loan’s effective rate, if the interest compounds every two months, what value of n do you plug into your eq

uation? a. 2 b. 0. 167 c. 6 d. 60.
Business
1 answer:
maks197457 [2]2 years ago
5 0

When calculating a <u>loan's effective rate</u> and interest compounds <u>every two months </u>then the<em> value of n</em> would be 6.

In a year there are 12 months and when the interest rate is said to be compounded in every two months then it implies that the <u>number of months </u>would be <em>6 months. </em>

<em />

Thus, the calculation of<u> compounded interest</u> would be derived with the following formula:

A=P(1+\frac{r}{m} )^{mt}

Learn more about the effective rate of interest here:

brainly.com/question/26077394

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As the head of the engineering department for her company, Jody works with her team on complex and challenging projects. The lev
vagabundo [1.1K]

Answer:

Wide

Explanation:

Basically there are two spans of control namely; wide and narrow. A wide span of control is one in which a manager or supervisor interacts with many team members. In other words, the levels of hierarchy involved where there is a wide span of control is few. As such, this structure entails that a large number of the team members report directly to the manager.

The narrow span of control is one in which the manager supervises or interacts with a few team members. In other words, there is some level of hierarchy involved such that the managers direct subordinates are few and have subordinates who report to them.

To state it in another way, the wider the span of control, the fewer level of report or levels of hierarchy and the narrower the span of control, the higher the levels of hierarchy required.

In light of the explanation above, it can be deduced that Jody has a wide span of control over her team.

3 0
3 years ago
M1 is the
Elodia [21]

Answer:

B. money market funds

Explanation:

The most limited definition of money, M1, consists just of cash and various bank accounts that allow check writing. Money in circulation includes cash, traveler's checks, demand deposits, and other types of checkable deposits.

7 0
2 years ago
A home comparable to yours in your neighborhood sold last week for $75,000. Your home has a $60,000 assumable 8% mortgage (compo
Svetach [21]

Answer:

The selling price should be $66K.

Explanation:

Capital Budgeting defines the future value as present value times the interest rate over the years FV=(1+i)^n, the following table shows both future values for Neighbor’s house and mine to calculate the differences.

Future value (FV) = Present value (PV) + (1 + Interest rate)n, where n is raised to the power of the number of years.

FV = PV +p (1+r) -30

PV = 60000

= $60000 (1+0.075) - 30

= $60000 (0.11422)

= $6859.26 + $60000

= $66853.26 .

Given this estimate, my selling price will now be $66K, making a profit of $5K, this way the future seller can either choose to buy my home or any other in the neighborhood since the future value will be the same even though the interest rate is 0.5% higher.

7 0
4 years ago
Marlena, the human resource manager, is putting together a package describing the new job opportunity available at her company.
astra-53 [7]

Answer:

Job analysis

Explanation:

6 0
2 years ago
At one time, the US government collected taxes only through___ taxes and imports. The ____ Amendment to the Constitution allowed
maks197457 [2]
The answers are C and B
5 0
3 years ago
Read 2 more answers
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