masumakhon00 masumakhon00

13-10-2021
Business

contestada

You want to borrow $27,500 and can afford monthly payments of $650 for 48 months, but no more. Assume monthly compounding. What is the highest APR rate you can afford

Respuesta :

contenttechnosyscorp contenttechnosyscorp

13-10-2021

Answer:

a) 6.33%

b) 6.67%

c) 5.82%

d) 7.01%

e) 7.18%

Explanation:

Correct answer is A

Answer Link

Otras preguntas

The mean equals the median. a. Always b. Sometimes c. Never

How is using mental math to add with decimals like using mental math to add whole numbers

Translate the phrase into a math expression. 15 divided by a number, then decreased by 2 A. (15 ÷ n) + 2 B. (15 ÷ n) – 2 C. 15 ÷ (n – 2) D. 15 ÷ (n + 2)

Example of a Compound subject

each week, mr. jones goes to the grocery store. mr.jones estimates that he will spend $120 when he goes to the grocery store this week. He actually spends $94.

Which is a compound? a. iodine. b. water. c. calcium. d. air.

Americans who opposed the Constitution were called: Whigs Antifederalists Federalists

What was the appeal of revivalism?

Why is random sampling a better choice when making an inference?

When was Vincent Price born?