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1 year ago

A $150,000 loan has monthly interest-only payments of $1,000. its annual interest rate is:________

Business

1 answer:

kow [346]1 year ago

7 0

A $150,000 loan has monthly interest-only payments of $1,000. its annual interest rate is 8 percent. Option C

This is further explained below.

<h3>What is the annual interest rate?</h3>

Generally, The annual cost of borrowing money, including any associated fees, is referred to as the Annual Percentage Rate (APR). This rate is given as a percentage.

In conclusion, The equation for Rate is mathematically given as

R= payment / principal,

Where

$1,000 x 12 = $12,000

Therefore

$12,000 / $150,000 principal

Rate = 8%.

Read more about the annual interest rate

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complete question

A $150,000 loan has monthly interest-only payments of $1,000. Its annual interest rate is

3 percent.

6.5 percent.

8 percent.

12.5 percent.

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2 years ago

Nora contracts to work for ABC Investments during June for $2,500. On May 31, ABC cancels the contract. Nora refuses to accept a

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Answer:

c. $500

Explanation:

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When contract are breached, the beneficiary has the right to gain back the amount promised.

If the beneficiary can get another option, the other party is obligated to pay the balance.

On this instance Nora had the chance to get a new job at $2,000 salary the balance is $2,500 - $2,000= $500. Since she rejected the job she is responsible for that loss.

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2 years ago

Managers are a critical part of any successful organization because ________.

Dmitriy789 [7]

Managers are a critical part of any successful organization because<u> "they use their skills and knowledge to move the organization forward towards established goals".</u>

Managers impact every one of the periods of present day associations. Sales Managers keep up a business constrain that business sectors merchandise. Staff Managers give associations an able and gainful workforce. Plant Managers run fabricating activities that create the garments we wear, the nourishment we eat, and the vehicles we drive.

Basically, the part of managers is to direct the associations toward objective achievement. All associations exist for specific purposes or goals,and managers are in charge of joining and utilizing hierarchical assets to guarantee that their associations accomplish their motivations.

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3 years ago

In order to accurately assess the capital structure of a firm, it is necessary to convert its balance sheet figures from histori

pychu [463]

Answer:

$19,708,745

Explanation:

We first have to calculate the present value of the bonds:

Nper = 20 (10 years x 2 payments per year)

R = 11% / 2 = 5.5%

Payment = 83 / 2 = 41.50

Future value = 1,000

PV = ?

To calculate the present value we can use an excel spreadsheet and the present value function =PV(5.5%,20,41.5,1000) = $838.67

Now we calculate how many bonds were issued = $23,500,000 / $1,000 = 23,500 bonds.

To determine the market value of the debt outstanding we multiply the present value of the bonds times the total number of bonds outstanding

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2 years ago

How can you value our farmers in your own simple way

SOVA2 [1]

Answer:

By helping them

Explanation:

We need to cooperate

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2 years ago