8.44 years will take the firm to pay off this debt.
What is debt?Debt is an obligation that forces one party, the debtor, to pay another party, the creditor, money or other agreed-upon value. Debt is a delayed payment or series of payments that differs from an immediate purchase.
Student loans, mortgages, and company loans are examples of "good" debt, which is defined as money due for things that can help develop wealth or boost income over time. "Bad" debt is defined as credit card or other consumer debt that does little to help your financial situation. These are overstatements.
While both words refer to money owed, credit and debt are not synonymous. Debt is money owed, whereas credit is money borrowed.
To know more about debt follow the link:
https://brainly.com/question/1957305
#SPJ4
You have commissioned a local survey to see what consumers are most interested in. survey data 78% of survey participants desire a store that offers custom outdoor sports equipment. 9% of participants think an additional coffee shop is needed. 26% of participants say that they purchase coffee on a daily basis. based on the survey data, which business will most likely see higher consumer demand? based on the survey data, what may occur if an additional coffee shop is opened?
Based on the survey data additional coffee shop may lead to saturation of coffee shops and sports shop needs to supplied more in the town.
According to the data given,
78% of survey participants desire a store that offers custom outdoor sports equipment.
9% of participants think an additional coffee shop is needed.
26% of participants say that they purchase coffee on a daily basis.
We deduce that the local coffee shop market will become become saturated if more coffee shops are opened in the town.
the least supply is that of sports shops, since the people in the town enjoy more outdoor sports game, there is shortage of sports shops containing sports articles and shoes.
Learn more about Survey in population with the help of the given link:
https://brainly.com/question/19801920
#SPJ4
Answer:
1. The Shoe Hut
2. excess supply
Explanation:
A private wrong that causes injury to physical well-being, property, or reputation of another person is called a(n) ______
Answer: tort
Explanation:
A private wrong that causes injury to physical well-being, property, or reputation of another person is called a tort.
The 55-year-old baby boomers share common needs in music and performers. when a music company decides to serve this group, the group is called a ________.
The 55-year-old baby boomers share common needs in music and performers. when a music company decides to serve this group, the group is called a target market.
What is Target Market?A target market is a population that has been chosen because of similar traits like age, income, and lifestyle as the most probable candidates to purchase a product.When a business creates, packages, and advertises its product, determining the target market is a crucial step in the decision-making process.A new product must meet a need, address a challenge, or both. Unless it involves indoor plumbing, the need or issue is usually not common.It is more likely required by a specific segment of consumers, such as vegetarians who care about the environment, science nerds, or outdoor enthusiasts. It might be appealing to a young person or a middle-aged professional, a snob or a bargain shopper.To learn more about target market with the given link
https://brainly.com/question/13363009
#SPJ4
What choreographer is known for creating dances that employed the use of repetition?
Lucinda Childs is one of those special, stubbornly focused choreographers who knows how to work the power of repetition.
What is repetition choreography?
An artistic technique in which a movement or motif is repeated exactly for emphasis or to pique interest.
Why do choreographers use repetition?
Repetition can help you emphasize and reinforce the themes running through your dance as well as draw attention to key elements like a poignant sequence, a floor pattern, or even a gesture.
What is a choreographed dance with repeating sequence steps?
A line dance is a choreographed dance in which a group of individuals are arranged in one or more lines or rows and dance to a repeated series of moves. These lines frequently face one another or, less frequently, all in the same direction.
Learn more about choreography: https://brainly.com/question/16715874
#SPJ4
If a group continues to use the problem-solving process to determine how action will be taken and who will be responsible for the solution, then it is in the _____________ stage.
If a group continues to use the problem-solving process to determine how the action will be taken and who will be responsible for the solution, then it is in the Comprehensive report stage.
Comprehensive agreement refers to the comprehensive agreement that must be reached before a qualifying project may be developed or put into operation by the private business and the accountable governmental agency.
A report's outline normally consists of a few succinct statements or phrases that can be used as introductions.
These sections may comprise an executive summary, an introduction, a table of contents, several main body paragraphs, a conclusion, an appendix, a references section, though they will vary based on the type of report you're producing.The reader should be given a brief overview of the full report in the executive summary so they may quickly identify the highlights.
For busy executives who wish to preview the report to gain a sense of its content, this section of the paper is frequently helpful.Learn more about the Executive summary,
https://brainly.com/question/12495761
# SPJ1
During some year a country had exports of $50 billion, imports of $70 billion, and domestic investment of $100 billion. what was its saving during the year?
Savings = Investment +Net exports ( where Net export = Export - Imports)
= 100 + 50-70
= $80 billion
Imports are goods and services purchased from the rest of the world by residents of a country rather than domestically produced items. Exports are goods and services produced in the United States but sold to customers in other countries.
Total imports and total exports are critical components in calculating a country's GDP. They are categorized as "Net Exports." Net exports are calculated by subtracting the total value of a country's exports from the total value of its imports. A trade surplus is indicated by a positive net exports figure.
To learn more about exports, click here
https://brainly.com/question/21897468
#SPJ4
A ________ identifies the target market, the merchandise and services (retail format) that will be offered, and how the company will achieve long-term advantage over its competitors
A retail strategy identifies the target market, the merchandise and services (retail format) that will be offered, and how the company will achieve a long-term advantage over its competitors.
A retail strategy is a technique you operate to increase your products or services and promote them to customers. There are a couple of elements to this plan, consisting of the region, shop, products/assortment, visual merchandising, a team of workers, carrier, mass media and communications, and fee.
Normally while we go to a retail store, just earlier than the billing counter, we see merchandise like gums, sweets, and different products with smaller SKUs that may simply be picked whilst the consumer is ready on the billing counter.
The retail strategy is a part of a strategic advertising and marketing plan that attracts or reaches consumers at once. It consists of product pricing/reductions, fee structure, promotional schemes, product overall performance demonstration, and fee structure for shops.
Learn more about retail strategy here https://brainly.com/question/15850455
#SPJ4
__________ competition assumes perfect market information (everyone in the market knows the price of the good or service).
Answer:
Perfect
Explanation:
Perfect competition assumes perfect market information.
From the consumer’s perspective, the elements of an imc strategy can be viewed as being either.
Any integrated marketing communication strategy should include three components: the target customer, the channels used to deliver the message, and an assessment of the communication's effectiveness.
What is integrated marketing communication?The practice of combining marketing communication elements, such as public relations, social media, audience analytics, business growth concepts, and advertising, into a brand identity that is constant across various media channels is known as integrated marketing communication (IMC).It enables both public and private organizations and corporations to provide an enjoyable and smooth customer experience for a good or service, as well as to enhance an organization's reputation and connections with stakeholders.People with experience in integrated marketing communications may look for work throughout the marketing and communications sectors, in professions including journalism, market research and consultancy, public relations, non-profit and government, entertainment, television and radio, and other related businesses.To know more about integrated marketing communications with the given link
https://brainly.com/question/14691440
#SPJ4
One who agrees to act and is authorized to act on behalf of another, a principal, to legally bind the principal in particular business transactions with third parties pursuant to an agency relationship is the __________.
One who agrees to act and is authorized to act on behalf of another, a principal, to legally bind the principal in particular business transactions with third parties pursuant to an agency relationship is the agent.
The primary-agent dating is an association wherein one entity legally appoints any other to behave on its behalf. 1 In a principal-agent relationship, the agent acts on behalf of the important and should not have a battle of interest in carrying out the act.
A power of attorney is a legal document that offers one man or woman the strength to act for another individual. The individual that receives the authority is the agent or attorney-in-truth at the same time as the difficulty of the POA is the principal.
194 offers that wherein an agent, preserving an explicit or implied authority to name some other character to act for the principal inside the commercial enterprise of the agency, has named every other individual for that reason, such person isn't a sub-agent, however, an agent of the major for such part of the business enterprise as are entrusted to him.
Learn more about agents here: https://brainly.com/question/25658352
#SPJ1
When the interest rate on a bond is ________ the equilibrium interest rate, in the bond market there is excess ________ and the interest rate will ________.
When the interest rate on a bond is below the equilibrium interest rate, there is excess supply in the bond market and the interest rate will rise.
More about bonds and interests:
In essence, owning a bond is similar to having a stream of future cash payments. The majority of the time, such cash payments come in the form of monthly interest payments and the return of principal when the bond matures.
Interest rate risk is the chance that the price of a bond will vary as a result of shifting market interest rates. Different bonds may be impacted differently by shifts in short-term versus long-term interest rates.
Learn more about bonds here:
https://brainly.com/question/4626564
#SPJ1
A ________ budget does not change or flex when sales or some other activity increases or decreases.
Answer: fixed
Explanation:
says it in the book
A firm based in mexico has found its growth is restricted by the limited liquidity of the mexican capital market. what are the firm’s options in this situation?
The searching companies can work for equity or debt loans in order to raise money on global capital markets. The debt of a foreign institution, lender, and other debt suppliers is also an option to raise money in the capital market. As equity loans include the sale of equity to investors, the issue of bonds is part of debt loans. Capital costs are usually less than in the domestic market and the company can even borrow money from the bank. And enterprises need to be very careful to take into account the risk of adverse exchange rates because, if the peso is to be depreciated, they should be aware of the cost of acquiring the currency needed to repay a foreign exchange loan.
Moreover, foreign equity, floating foreign or Eurobonds offerings, or borrowing on the Euro currency markets may be considered by the Mexican firm. The euro currency market would then certainly provide the company with additional funding at a lower rate domestically. And if the peso decreases in the next 2 years, the company has to repay the credit in a different currency unless the company can use the future market. The value of euro currency loans would definitely be reduced.
We can recognize that the use of both foreign and euro bonds has the same disadvantages as the bonds have to be repaid in an anti-peso currency. The international bond market has important points that are worth considering, given the fewer regulations, disclosure requirements, and fiscal implications if the currency risk can be properly analyzed and minimized. Since the foreign equity market requires no payment to its stockholders and also has the greatest independence from its actions, it is perhaps the most attractive for the company. So, if the hesitations are to be overcome, investors will likely have loan strong growth prospects.
Learn more about loans here
https://brainly.com/question/25239160
#SPJ4
When analyzing a monopolistically competitive business, how would you say it is inefficient?
It is inefficient as its production is not at the minimum of its average cost curve.
In what ways is a monopolistically competitive firm inefficient?
Because it does not produce at the minimum of its average cost curve or where P = MC, a monopolistically competitive firm is inefficient. As a result, a monopolistically competitive firm would typically produce less at a higher cost and charge more than a perfectly competitive firm.
Is monopolistic competition more efficient than monopoly?
The market is less productively and allocatively efficient than a monopoly, but more so than the ideal competition. However, they might also be dynamically inventive in terms of new products or production methods.
Learn more about monopolistic competition: https://brainly.com/question/9357139
#SPJ4
According to your text, sales promotions such as free samples and point-of-purchase displays are designed to build.
According to your text, sales promotions such as free samples and point-of-purchase displays are designed to build. are called "Short-Term sales."
What is short term sales?An property or stock that the seller doesn't own is sold in a short sale. The typical transaction involves an investor selling borrowed securities in expectation of a decrease in price; the seller is then obligated to deliver the same number of shares at a later date. A seller, on the other hand, holds a long position in the stock or asset.
Some characteristics of short term sales are-
A stock that its an investor believes will lose value in the near future is sold short. A trader borrows shares on margin for a set length of time to complete a short sale, selling the stock when the price is attained or the period of time has passed.Because short sells restrict gains while amplifying losses, they are regarded as dangerous trading techniques. Additionally, they come with regulatory hazards.To be successful, short sales need to be timed almost perfectly.To know more about short-term investment, here
https://brainly.com/question/7905571
#SPJ4
Do you think product instruction are useful for users to use products better? ielts speaking
Yes, Product instruction are very useful for users to use products better which are presented on a User-Manual.
Product instruction or user guide tells people how to use the product in an efficient way. Product instruction usually contains step-by-step information about product’s feature and highlights the main features. It has proper description about how to use a particular product.
Product instruction provide information on how to use a particular product. This intents to provide proper usage advice and reduce the risk of bringing the product inoperable condition. Sometimes improper usage of product such as heat and fire generating devices; lasers and high voltage devices can cause serious injuries so it helps the user to avoid such conditions.
Product instruction explains the customer on how to use a particular feature of a product. All the information collected together in one place, so it saves time also. User does not has to look here and there for information.
To learn more about Product instruction here
https://brainly.com/question/23040788
#SPJ4
Assuming digby’s current market share for its dell product remains the same, how many units of dell should digby expect to sell in the primary segment for the upcoming year?
Assuming Digby’s current market share for its dell product remains the same, units of dell should Digby expect to sell in the primary segment for the upcoming year is 1503 units.
Market share is the portion of a company's business that represents the entire revenue or sales in a market. For instance, if an industry sells 50,000 units annually, a company selling 5,000 of those units would hold a 10% share of the market.
Because this will show if expectations are to be met by growing with the market or by stealing share from competitors, marketers must be able to translate and incorporate sales targets into market share.
The latter is usually always more challenging to accomplish. Market share frequently influences strategic or tactical action and is regularly monitored for any indications of shifts in the competitive environment.
To learn more about Market Share here
https://brainly.com/question/15518112
#SPJ4
Of digby corporation’s products, which earned the lowest net margin as a percentage of its sales?
Net profit margin: Net profit is internally generated profit from business operations which would be recorded in the balance sheet as retained earnings. This show the earning ratio of the company over sales value.
Net profit margin as a percentage of sales: Net profit margin as a percentage of sales is calculated by dividing net income by net sales. Net profit margin shows the percentage of net income included in net sales.
Step: 1
Determine the net profit margin amount to be considered:
The net profit margin amount to be considered for the product Dr, Da, Di, and De is $15,257; $9,136; $12,485; and $13,136; respectively.
Explanation:
The net profit margin amount to be considered for the product Dr, Da, Di, and De is $15,257; $9,136; $12,485; and $13,136; respectively. This amount has been found by deducting the total variable cost and total period cost from the sales value of each product.
Step: 2
Determine the net profit margin as a percentage of sales as follows: -
C D E - B Net profit margin calculation Particulars Dr Da 4 Sales Value (a) $ 57,231 $ 5 Net profit margin (b) $ 15,257 $ 6 N
Therefore, the net profit margin as a percentage of sales value is 26.7%, 23.0%, 27.7%, and 26.7% for the product Dr, Da, Di, and De, respectively.
Explanation:
The net profit margin as a percentage of sales value has been computed by dividing the net profit margin by the respective sales value for the product Dr, Da, Di, and De.
Learn more about Net profit margin here: https://brainly.com/question/14121434
#SPJ4
What are the important differences between the one-way model, the circular model,transaction model of communication?
The notable difference between the one-way (Linear), Interactive and Transactional models of the human communication process is as below:
The one-way communication model has the sender encoding a message to be sent via a channel to the receiver in the presence of noise but the model does not display the feedback which represents the continuous exchange of information. This communication is primarily representing mass communication.
In the case of the interactive model, there is the interaction between the sender and the receiver which is a key element of communication and is a two-way process.
Whereas in the case of the transactional model, the communication does not indicate a sender or a receiver. But the model labels the interlocutors as communicators A or B. This model is represented by face-to-face communication and both the sender and the receiver can work simultaneously in which messages can be sent back and forth between communicators.
The transaction model is the most complete form of communication as it
· Allows both sender and receiver to work simultaneously.
· Difficult to trace the origins of a message, so this implies that it does not show elements of sender-receiver
· It is more circular rather than linear or half a circle, since what is important in the cyclicality is the interpretation of the messages rather than the decoding of the messages. Both the sender and roles are swappable between the communicators as it represents the best form of face-to-face communication.
Learn more about communication at
https://brainly.com/question/26152499
#SPJ4
The ________ is management’s minimum desired rate of return on a capital investment.
The discount rate is management's minimum desired rate of return on capital investment.
Discount rate. "management's minimum preferred rate of return on an investment'' is greatly described by using the following terms authentic. Internet gift price and the internal rate of return are examples of discounted cash waft fashions utilized in capital budgeting decisions. NPV will continually decrease.
When evaluating capital funding initiatives, if the inner fee of going back is much less than the required rate of return, the undertaking can be commonplace. Whilst selecting a capital investment task from three options, the undertaking with the best internet present cost will constantly be optimal.
The payback method commonly specializes in profitability and no longer time. One advantage of the internal rate of return is that it considers the time price of money. One drawback of the payback method is that it no longer considers the time value of money.
Learn more about payback method here brainly.com/question/24314341
#SPJ4
Given that gabby is looking for a budget-priced flight home for holidays, she will need to determine which flight features are most important to her. she will do this during the ________ phase.
Given that gabby is looking for a budget-priced flight home for the holidays, she will need to determine which flight features are most important to her. she will do this during the b. alternative evaluation phase.
Unlike traditional assessment methods that only assess a student's knowledge, alternative assessment encourages students to put on their thinking hats and creatively apply their knowledge to solve problems. Concept maps, portfolios, and open tests are well-known examples of alternative assessments.
The decision phase after problem identification and information retrieval is alternative evaluation and selection. An alternate choice is also called consumer choice, and in practice consumers often already evaluate alternative choices during the search process.
The question is incomplete. Please read below to find the missing content.
Given that Gabbie is looking for a budget-priced flight home for holidays, she will need to determine which flight features are most important to her. She will do this during the ____________ phase
a. post-purchase behavior
b. alternative evaluation
c. information search
d. purchase decision
e. problem recognition
Learn more about alternative evaluation here: https://brainly.com/question/13171394
#SPJ4
Joel and maria have a son named david who is a 20-year old student at the university of southern california. david received $1300 worth of investment income in 2020 and had earned income $1700 but that was far less than half of the support he received from his parents. both joel and maria are still alive. based on this information what can be said about the tax liability in california?
David had earned payment and must pay California taxes on his investment and earned income he received.
Tax liability in CaliforniaTax liability is the full amount of tax owed in a delivered period, by people and organizations, to federal, state, and local administrations. For companies, tax liabilities are short-term liabilities registered on a balance sheet and paid within a year.
California holds nine tax brackets: 1%, 2%, 4%, 6%, 8%, 9.3%, 10.3%, 11.3% and 12.3%. Here are the rates and stands for the 2021 tax year, which you'll file in 2022, via the California Franchise Tax Board. The ordinary deduction in California is $4,803 for single filers and $9,606 for married families.
To learn more about Tax liability visit the link
https://brainly.com/question/27763905
#SPJ4
Projects whose earnings tend to be highly dependent upon the state of the economy have higher blank______ risk.
They have the higher market risk.
Market risk refers to the risk posed by changes in stock prices, interest rates, exchange rates, and commodity prices. Market risk is contrasted from credit risk, which is the risk of loss resulting from a counterparty's failure to complete a promised payment, as well as from a variety of other hazards that businesses face, such as failures in their operating systems. Market risk, in essence, is the risk posed by changes in the markets to which an organization is exposed.
The process of detecting and monitoring risk, as well as ensuring that the risks taken are compatible with the intended risks, is known as risk management.
Therefore, the answer is market risk.
To know more about market risk click here:
https://brainly.com/question/23538362
#SPJ4
Organizers of the town fair make a total of $706 from selling 164 hot dogs and 74 hamburgers at one of their concession stands. at their other concession stand, they make $884 by selling 256 hot dogs and 61 hamburgers. if the prices are the same at both concession stands, what is the price of a hot dog?
The price of a hot dog is $2.5
How to solve a system of two equations?First of all, we should obtain one variable in representations of another variable in one equation and substitute this variable in another equation. And solving that we bring two variables value. If you have two separate equations with identical two unknowns in each, you can solve for both unknowns. There are three common forms for solving: addition/subtraction, substitution, and graphing.
Here,
let's assume the price of hot dogs = x and the price of hamburgers = y
then, 164x + 74y = $706 --- ( 1 )
and 256x + 61y = $884 --- ( 2 )
Now, from eq - 1 we obtain x = ($706 - 74y) / 164
Substitute this x value in eq - 2,
256($706 - 74y)/164 + 61y = $884
=> $706*256 - 74y*256 + 61y*164 = $884 * 164
=> 180,736-8940y = 144,976
=> 180,736 - 144,976 = 8940y
=> 35,760/8940 = y
=> y = $4.
By substituting in eq - (1) we get x = $2.5
So, The price of a hot dog is $2.5
To learn more about system of two equations refer to:
https://brainly.com/question/14502046
#SPJ4
_____ refers to the process of combining aspects of reporting, data exploration and ad hoc queries, and sophisticated data modeling and analysis.
Business intelligence
Business intelligence enables organizations to use all of their data to make better decisions, regardless of how much data they have or where it is located within the organization. Analysts at an ecommerce company, for example, could use business intelligence tools to better understand their customers and competitors.
What is Business Intelligence?
Business intelligence (BI) refers to the strategies and technologies used by businesses to analyze data and manage business information. Reporting, online analytical processing, analytics, dashboard development, data mining, process mining, complex event processing, business performance management, benchmarking are all common functions of business intelligence technologies.
How to develop a business intelligence strategy?
A BI strategy is your road map to success. In the early stages, you'll need to decide how data will be used, identify key roles, and define responsibilities. It may appear simple on the surface, but starting with business goals is the key to success.
How to build a business intelligence strategy from the ground up?
Understand your company's strategy and objectives.Determine key stakeholders.Select a sponsor from among your key stakeholders.Select a BI platform and tools.Form a BI team.Define your domain.Make plans for your data infrastructure.Define your objectives and road map.Learn more about business intelligence:
https://brainly.com/question/15406226
#SPJ4
An account receivable due within the next 12 months is listed on the balance sheet under the caption
a.current assets.
b.fixed assets.
c.investments.
d.long-term liabilities.
An account receivable due within the next 12 months is listed on the balance sheet under the caption of Current assets
Because current assets represent all the assets of a company that are expected to be conveniently sold, consumed, used, or exhausted through standard business operations with one year.
Assets refers to the resource owned or controlled by an individual, corporation, or government with the expectation that it will generate.
Standard is an authoritative principle or rule that usually implies a model or pattern.
Business is an organization or enterprising entity engaged in commercial, industrial, or professional activities. Businesses can be for-profit entities or non-profit organizations. Business types range from limited liability companies to sole proprietorships, corporations, and partnerships.
To learn more about assets here
brainly.com/question/13848560
#SPJ4
What would be a particularly good streching exercise to do before going on a run?
A particularly good stretching exercise to do before going on a run is : The Calf Stretch.
What is Exercise?This refers to the action which a person takes to stretch and use his body for an extended period of time.
With this in mind, we can see that doing a calf stretch would be a good stretching exercise as this would help one to avoid cramping when and after going on a run.
It's essential to stretch before running to reduce the risk of injury and improve performance. Some of the best running stretches include high knees, lateral lunges, and butt kicks. You should stretch for 10-minutes before running to make sure you are properly warmed up.
Therefore, we can conclude that the correct option is A.
Your question is incomplete, but most probably your full question was:
What would be a particularly good stretching exercise to do before going on a run?
A. the calf stretch
B. shoulder bends
C. the torso stretch
D. the chest-and-arm stretch
Please select the best answer from the choices provided.
Learn more about Exercises on:
brainly.com/question/1365564
#SPJ4
When calculating the times interest earned ratio, a business owner wants a ______ number, which shows the business is capable of servicing its debt load.
When calculating the time's interest earned ratio, a business owner wants a higher number, which shows the business is capable of servicing its debt load.
In arithmetic, a ratio shows how generally one quantity carries every other. as an example, if there are 8 oranges and 6 lemons in a bowl of fruit, then the ratio of oranges to lemons is 8 to 6. further, the ratio of lemons to oranges is 6:8 and the ratio of oranges to the whole amount of fruit is 8:14.
On social media, “ratio” refers to the range of replies or comments as compared to likes. A post is referred to as a “ratioed” approach that it has extra replies than likes and is possibly divisive, unpopular, or normally arguable.
Ratios examine numbers, typically via dividing them. in case you are evaluating one data point (A) to any other statistics factor (B), your method would be A/B. this indicates you're dividing facts A by facts B. as an example if A is 5 and B is 10, your ratio could be 5/10.
Learn more about the ratio here: https://brainly.com/question/2328454
#SPJ1
What are the seven objectices of the marketing research report? briefly discuss each objective and why it is important
1- The research objectives · 2- The research questions · 3- Literature review and relevant secondary data · 4- A description of the secondary data
5-Planning the Sample6- Data Collection7-Data Processing and Analysis:
The main purpose of marketing research is to improve the quality of decisions made by marketing managers. Get relevant data and information to reduce business risk.
Marketing Objectives are the results a brand wants to achieve from its marketing efforts. They need to be measurable (and realistic) so that you can strategically and intentionally plan your efforts.
Product surveys provide information about the products and specific services you need. This helps in many ways to understand the customer's exact requirements and ensures that the product development by the organization is fully satisfied by the customer's exact requirements.
Learn more about marketing research at
https://brainly.com/question/24906199
#SPJ4
Our credit card company quotes you a rate of 14.9%. interest is billed monthly.What is the actual rate of interest you are paying?
Answer: 15.96%
Explanation: im not sure, the rate is said in the question but there's no way its that obvious so
let the PV b = 100
fv = PV(1+r)^n
fv= 100(1+0.149/12)^12
fv= 115.96
115.96 = 100(1+I/Y)^1
1.1596 = 1+I/Y
I/Y = 0.1596, or 15.96%
The credit card company quotes a rate of 14.9%. interest is billed monthly. The actual rate of interest on credit card is 15.96%.
What is the rate of interest?The interest rate is the amount charged by a lender to a borrower on top of the principal for the use of assets.
The amount of interest due per period as a percentage of the amount lent, deposited, or borrowed is referred to as the interest rate. The total interest on a lent or borrowed amount is determined by the principal amount, the interest rate, and the length of time it is lent, deposited, or borrowed.
The actual rate of interest is
let the PV b = 100
fv = PV(1+r)^n
fv= 100(1+0.149/12)^12
fv= 115.96
115.96 = 100(1+I/Y)^1
1.1596 = 1+I/Y
I/Y = 15.96%
Hence, the actual interest rate is 15.96%.
To learn more about interest rate
https://brainly.com/question/13324776
#SPJ2