subject
Business, 27.02.2020 02:02 brighamc23

David needed money for some unexpected expenses, so he borrowed $3,695.17 from a friend and agreed to repay the loan in five equal installments of $950 at the end of each year. The agreement is offering an implied interest rate of .A) 14.85%

B) 9.57%

C) 11.00%

D) 12.98%

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 19:30
What would be the input, conversion and output of developing a new soft drink
Answers: 3
question
Business, 22.06.2019 02:00
Answer the following questions using the information below: southwestern college is planning to hold a fund raising banquet at one of the local country clubs. it has two options for the banquet: option one: crestview country club a. fixed rental cost of $1,000 b. $12 per person for food option two: tallgrass country club a. fixed rental cost of $3,000 b. $8.00 per person for food southwestern college has budgeted $1,800 for administrative and marketing expenses. it plans to hire a band which will cost another $800. tickets are expected to be $30 per person. local business supporters will donate any other items required for the event. which option has the lowest breakeven point?
Answers: 1
question
Business, 22.06.2019 05:30
Identify the three components of a family's culture and provide one example from your own experience
Answers: 2
question
Business, 22.06.2019 13:20
In order to be thoughtful about the implementation of security policies and controls, leaders must balance the need to reduce with the impact to the business operations. doing so could mean phasing security controls in over time or be as simple as aligning security implementation with the business’s training events.
Answers: 3
You know the right answer?
David needed money for some unexpected expenses, so he borrowed $3,695.17 from a friend and agreed t...
Questions
question
Mathematics, 05.11.2020 04:40
Questions on the website: 13722367