The next monthly interest payment on a loan with a principal balance of $19,531 is $109.86. 6.75% is the interest rate on the loan.
The interest rate is the percentage of the loan that the borrower pays to the lender. Most loans pay interest in addition to the principal. Lending rates are usually expressed in his APR or APR which includes both interest and fees.
Monthly Interest Payment means the amount of interest payable on the Payment Date for the preceding Interest Period based on the interest calculated at the Monthly Interest Rate for the preceding Interest Period.
Interest is an additional payment known as interest on top of the principal paid to a lender for the right to borrow money.
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Answer:
1. 0.35%
2. 1.15%
Explanation:
The federal funds rate is the rate at which a bank can borrow funds from other depository institutions such as other banks and credit unions for overnight without collaterals. It is a very short term interest rate.
Discount rate at which the federal reserve system provides funds to commercial banks at the discount window. The federal reserve can control the money supply by changing the discount rate.
Here, in the given example, the federal reserve rate is 0.35%, as it is the rate at which the bank can borrow from other banks. While the discount rate is 1.15%, as this is the rate at which banks can borrow from the federal reserve.
Answer:
<u>B.</u><u> It contains tables with fields that are associated with one another.</u>
<em>Why the other choices are wrong</em>
C and D are wrong because a relational database is a database that contains tables with fields that are associated with one another. D is wrong because it is a feature that is used to add queries to tables.
<em>Further explanation of concepts:</em>
What is a relational database?
A relational database is a database that stores data in the form of tables. The tables are then linked together by relationships. This makes it easy to access data in the database and to create new relationships between data.
What are queries?
Queries are how you search for and manipulate data in a relational database. Queries can be used to find specific data, to update data, or to delete data.
Answer:
$189,500
Explanation:
Calculation to determine what amount should Barley report as allowance for uncollectible accounts
Using this formula
Allowance for uncollectible Accounts=Barley's gross accounts receivable percentage*Barley's gross accounts receivable
Let plug in the formula
Allowance for uncollectible Accounts= 1%*$18,950,000
Allowance for uncollectible Accounts= $189,500
Therefore The amount that Barley should report as allowance for uncollectible accounts will be $189,500
Answer:
a mutual fund is a type of financial vehicle made up of a pool of money collected from many investors to invest in securities like stocks, bonds, money market instruments, and other assets. a mutual fund portfolio is structured and maintained to match the investment objectives stated in its prospectus.
Explanation:
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