Determine the time (in a years and days) it would take for a $36,000 loan at a rate of 3% to cost the borrower $400 in interest?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Determine the time (in a years and days) it would take for a $36,000 loan at a rate of 3% to cost the borrower $400 in interest? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Find the monthly payment, needed to have a sinking fund accumulate the future value, $16,000. The yearly interest rate is 6.7% and the number of payments is 20. Interest is compounded monthly. Round your answer to the nearest cent.
Answers (1)
A student organization has been given permission to operate a pizza stand during the upcoming homecoming weekend. the stand will be located just outside the football stadium, making it accessible during the game.
Answers (1)
A company with high operating leverage: a. is less sensitive to changes in sales. b. has an equal proportion of fixed and variable costs. c. has a greater proportion of fixed costs to variable costs. d.
Answers (1)
Suppose a worker retires with a savings of $500,000 which is in an interest bearing account that has a rate of 6% per year. If after retirement the worker spends $4,000 a month, will there be any money left after 10 years
Answers (1)
Use the following tax table to answer this question:Taxable income:0-50,000 @ 15%50-75,000 @ 25%75-100,000 @ 34%100-335,000 @ 39%335-10,000,000 @ 34%The Stone Inn earned $167,284 in taxable income for the year.
Answers (1)
New Questions in Business
Which of the examples below illustrates the economic principle of a negative externality? a. cost or benefit of a transaction that involves the buyer or seller when both parties lose money b.
Answers (1)
Steven is considering taking a job with a company that is offering gym memberships, flexible hours, repayment of education loans, merchandise discounts, and childcare. these components of the job offer are called:
Answers (1)
Each scenario below gives some information about price elasticity of demand. for each, calculate the missing data, and determine if the price change under consideration will increase, decrease, or not change the firm/'s total revenue.
Answers (1)
Alpha Colony and Beta Colony both manufacture textiles and technology. Alpha Colony always produces higher quality textiles and technology with fewer raw materials and in less time than Beta Colony.
Answers (1)
RGB Company uses the percentage of receivables method for recording Uncollectible Accounts Expense. The accounts receivable balance is $100,000 at year-end and the total credit sales were $800,000.
Answers (1)