subject
Business, 25.02.2020 02:14 speris1443

Suppose People's bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $250.00 at the end of each quarter and then pay off the principal amount at the end of the year. What is the effective annual rate on the loan?

a. 9.37%
b. 8.46%
c. 10.38%
d. 8.90%
e. 9.86%

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 10:00
How has internet access changed and affected globalization from 2003 to 2013? a ten percent increase in internet access has had little effect on globalization. a twenty percent decrease in internet access has had little effect on globalization. a thirty percent increase in internet access has sped up globalization. a fifty percent decrease in internet access has slowed down globalization.
Answers: 1
question
Business, 22.06.2019 21:40
Penny poodle wanted to know which dog obedience training program was more effective: puppy pride, the approach she has been using for any years, or doggie do-right, a new approach. penny convinced 50 human companions of untrained dogs to participate in her study. the dogs and their humans were randomly assigned to complete the puppy pride or doggie do-right course. at the end of the training programs, all of the dogs were scored on their level of obedience on a standardized dog obedience checklist (scores could range from 10 to 100). the design of this study is:
Answers: 2
question
Business, 23.06.2019 00:10
Wang distributors has an annual demand for an airport metal detector of 1 comma 350 units. the cost of a typical detector to wang is $400. carrying cost is estimated to be 19% of the unit cost, and the ordering cost is $24 per order. if ping wang, the owner, orders in quantities of 300 or more, he can get a 10% discount on the cost of the detectors. should wang take the quantity discount? \
Answers: 1
question
Business, 23.06.2019 01:00
"consists of larger societal forces that affect how a company engages and serves its customers."
Answers: 1
You know the right answer?
Suppose People's bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to...
Questions
question
Mathematics, 02.10.2021 03:30
question
Social Studies, 02.10.2021 03:30
question
Mathematics, 02.10.2021 03:30
question
Mathematics, 02.10.2021 03:30
question
Biology, 02.10.2021 03:30
Questions on the website: 13722363