The jasmine tea company purchased merchandise from a supplier for $46,700. payment was a noninterest-bearing note requiring jasmine to make five annual payments of $12,000 beginning one year from the date of purchase. what is the interest rate implicit in this agreement?

Implicit interest= 28.48%

Explanation:

Giving the following information:

The Jasmine Tea Company purchase merchandise from a supplier for $46,700.

Payment is five annual payments of $12,000 beginning one year from the date of purchase.

The total payment is= 12000*5= $60000

Implicit interest= (60000/46700)-1= 28.48%

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

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