How much interest you pay depends on_________

Answers

Answer 1

Answer:

The Interest Rate and how much you owe.

Explanation:

If you have a rate of 10% a month

and you owe $100, the next month you owe $110

or if you owe $50, then next month you owe $55


Related Questions

why banks pay lower interest rates on savings accounts than on certificates of deposits.

Answers

Answer:

See below

Explanation:

Savings accounts are more common than certificates of deposits. Banks do not restrict customers on the number of withdrawal and deposits per period in a savings account. Banks consider savings account very liquid because a customer can withdraw their money anytime. Due to this reason, savings accounts attract low-interest rates.

Certificate of deposits, CDs have withdrawal restrictions. In this type of account, the customers agree to keep their money in the bank for a specified period. Banks offer a higher interest rate to encourage customers to keep their money in the account for the agreed duration.

fatima41777 why are you rude

Answers

Answer:

?

Explanation:

Thank you for the points

Brendon Walsh wants to borrow $30,000 from the bank. The interest rate is 6% and the term is for 5 years.

What is the amount of interest paid?

- $360

- $1,800

- $18,000

- $30,000​

Answers

Answer:

1,800

Explanation:because

$30000*0.06=$1,800

The amount of interest paid is $1,800. Thus, option second is correct.

What is Simple Interest?

Simple interest is defined as the amount of interest paid on a specific principal amount at a given rate of interest. Compound interest, on the other hand, is the interest computed on the principal and interest accrued during the preceding month.

Borrowers may get a rough estimate of borrowing costs by using simple interest. Auto loans and short-term personal loans are often interest-only loans. Simple interest does not need the calculation of compound interest.

Given that,

Amount = $30000

Years = 5

Interest = 6 %

Amount to be paid every year can be computed with the help of the following formula:-

Total amount = Amount * Years * Interest / 100

Substituting the values in the above formula,

Total amount = 30000 * 5 * 6 / 100

= 90000/100

= $9000

Hence, the interest paid for one can be calculated as follows:-

Interest amount for each year = 9000 / 5

                                                   = $1800

Therefore, $1800 is the interest amount paid for each year. Hence, option second is correct.

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A Purchasing Specialist is sometimes referred to as what? Select all that apply *

Purchasing Agent
Purchasing Manager
Procurement Manager
Buyer

Answers

[tex]\text{Hello there!}[/tex]

A Purchasing Specialist is sometimes referred as a [tex]\bold{Procurement Manager.}[/tex]

This is because they're responsible for purchasing/procuring supplies.

They relatively have the same roles, however, occasionally referred to by different names.

[tex]\text{The job of the}[/tex] [tex]\bold{Purchasing\;Manager}[/tex] [tex]\text{\;is to purchase supplies for the company.}[/tex]

[tex]\text{For example, purchasing lettuce for a}[/tex] [tex]\bold{fast\;food\;restaurant.}[/tex]

[tex]\text{The job of the\;}[/tex] [tex]\bold{Purchasing\;Agent}[/tex] [tex]\text{is to buy supplies that the company needs.}[/tex]

[tex]\text{The job of the}[/tex] [tex]\bold{Procurement\;Manager}[/tex] [tex]\text{has the same responsibilities as the}[/tex][tex]\bold{Purchasing\;Manager.}[/tex]

Therefore, all of the possible referred answers are going to be correct.

The only differences are going to be the names.

[tex]\rule{300}{1.0}[/tex]

What is the difference between division of labour and specialisation?

Answers

Answer:

Specialization refers to an individual while division of labor is social or refers to society (the aggregation of individuals). Division of labour is the separation of the production process into different operations, from intellectual to manual, from each process in a production line, from country to country, etc.

Which career would organize, train, and support teachers and educational workers to help them provide better
instruction?
O distance learning coordinator
O education administrator
O instructional coordinator
O regulatory affairs specialist

Answers

Answer:

it is C instructional coordinator

Explanation:

The amount of money that you are able to charge to a credit card. If you exceed this limit, your purchase may not go through and you could be penalized.

Answers

Answer:

isnt that called your credit limit?

Explanation:

why does spaghetti taste good?

Answers

Answer:

cuz why not,its bery taesty

Answer ASAP
An entrepreneur wants to start a bakery. He wants to make a sales forecast for his first six months in business, so he obtains the sales records for all the successful bakeries in his state and uses the monthly average for his forecast. What mistake is he making in this process? A. It is impossible to make an accurate sales forecast for a new business, and attempting to do so will only set him up for failure and disappointment. B. He should not use data from bakeries in his own state, as it is unlikely that they will report accurate estimates to their potential competitor C. He should be looking at sales records for all the successful bakeries in the country, not just in his state. D. It is not likely that he will be able to match the sales volume of successful, established bakeries in his first six months.​

Answers

The Mistake is he making in this process it is not likely that he will be able to match the sales volume of successful, established bakeries in his first six months.​ The correct option is D.

What is the importance of sales forecasting?

A precise sales forecast enables businesses to efficiently allocate resources for future growth while also managing cash flow. Forecasting sales help create benchmarks for future trends and allow executives to make early course corrections. Revenue executives can optimize for more wins by aligning sales quotas with revenue goals.

Make a list of the products and services you offer. Estimate how much of each you anticipate selling. Define the unit price or monetary worth of each sold good or service. Divide the number of units sold by the price. Determine the cost of producing and selling each commodity or service.

Thus, the ideal selection is option D.

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Answer:

option d

Explanation:

it is not likely that he will be able to match the sales volume of successful, established bakeries in his first six months

If you get into a car accident, your___________ may increase because you will be considered riskier for insurance companies to cover
A. Car loan payment
B. Insurance premium
C. Taxes
D. Claims adjustment

Answers

Answer:

B. Insurance premium

Explanation:

If you get into a car accident, your Insurance premium may increase because you will be considered riskier for insurance companies to cover. Thus, option B is correct.

What are companies?

A corporation is a legal body formed by a number of people to conduct and manage a business entity, whether it be commercial or industrial. An organizational model that will work as an individual representative and not in a collective manner. 

As you already must be paying some amount of insurance premium, that premium will help you pay for the damage that has occurred this time. but still, when you next time may have a plan, they will increase the insurance premium.

After the accident, you have shifted from a lower-risk person to a higher-risk person. Therefore, option B is the correct option.

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If you are trying to reduce the cost of college, which of the following strategies isLikely to save you the most money?
A.Purchasing used books
B.Attending a private college
C.Attending an in-state Public University
D.Living in an off-campus apartment

Answers

Answer:

C. Attending an in-state Public University

Explanation:

In most states you can get higher in-state scholarship and on-campus living.

If we are trying to reduce the cost of college, which of the following strategies is likely to save us the most money is Attending an in-state Public University. The correct option is c.

What is an in-state public university?

In-state public university run by the state government of each of the states and territories of India, and are usually established by a local legislative assembly act. The University Grants Commission (UGC), draws its power from the University Grants Commission Act, 1956.

In addition, 15 Professional Councils are established, controlling different aspects of accreditation and coordination. The UGC publishes and regularly updates the lists of state universities. As of 16 November 2022, the UGC lists 459 active state universities. The oldest establishment date listed by the UGC is 1857, shared by the University of Calcutta, the University of Madras and the University of Mumbai.

Apart from the above universities, other institutions are granted the permission to autonomously award degrees.

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Monitoring the competition is important for all the following reasons EXCEPT

a
to keep prices competitive.

b
a similar décor will attract customers.

c
to match competitors’ promotions.

d
to detect weaknesses in competitors’ promotional strategies.

Answers

Answer: The answer is B

Explanation: Took the test

Answer:

B. a similar décor will attract customers.

Explanation:

Prepare the general journal entry (without explanation) needed to close Net Income or Net Loss for the year end. Use compound entries where required. If no entry is required then write "No Entry Required."

Answers

Answer:

Closing entry for closing net profit / net loss for the year ended

Explanation:

In case of net profit, for the year ended closed -

Profit & Loss a/c .. dr

to Capital ac

{Reason - As profit has credit balance, so nullifying by debiting it. And, profit increases capital, so capital a/c is credited}

In case of net loss, for the year ended closed -

Capital a/c .. dr

to Profit & Loss ac

{Reason - As loss has debit balance, so nullifying by crediting it. And, loss decreases capital, so capital a/c is debited}


If Sadie has $2,000 in cash in the bank and $8,000 in stocks but has $4,500 in credit
card debt, what is Sadie's net worth?

A . $5,000
B . $2,000
C . $5,500
D . $14,500

Answers

Answer:

C. 5500

Explanation:

Its simple addition and subtract

8000-4500=3500

3500+2000=5500

NEED HELP ASAP.
If you are sure that you will be able to pay off the balance of your credit card bill in full each month, you should consider:

A) getting two credit cards, so you always have a line of credit open for use.

B) raising your borrowing limit on your credit card so you can spend more

C) only credit cards that offer a low APR

D) only credit cards that offer zero annual fees even if the APR is high.

Answers

Answer:

D

Explanation:

If you are sure that you will be able to pay off the balance of your credit card bill in full each month, you should consider only credit cards that offer zero annual fees even if the APR is high.

What is the Balance?

Equilibrium or equipoise; an even distribution of weight, quantity, etc.; a counterpoise employed to establish equilibrium. stability of the mind or the emotions; a propensity for calm behavior, judgment, etc. a condition of balance in the body: He dropped down the steps after losing his footing.

When you can, try to pay off the entire sum on your credit card. Maintaining a recurring credit card load can increase your credit usage rate, which is one of the factors used to determine your credit ratings, and cost you money in interest.

If you pay off the entire balance on your credit card by the due date each month, interest will not be charged. Improve your credit score: You may build a solid payment history by using your credit card and paying off the balance.

Therefore, Thus option (D) is correct.

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The United States’ central bank, the , holds the account balances of the country’s commercial banks. These are called .

1st drop menu: Federal Reserve, Bank of America, Goldman Sachs, Capitol Federal
2nd drop menu: Deposit Money, Bankers' Deposits, Online Banking

Answers

Answer:

Reserves

Explanation:

The Federal Reserve is the regulator and banker to commercial banks in the US. All commercial banks are required to open and operate an account with the Federal Reserve. The money that commercial banks deposits in their accounts at the federal reserve is known as reserves.

The Federal reserves use the reserves just as the commercial banks make use of customer deposits. 'Bank reserves' is another term that refers to commercial bank deposits.

Which of the following is NOT an example of a job skill?
A. attending work every day
B. being good with computers
C. being creative
D. working well in groups

Answers

Answer:

attending work everyday

Explanation:

Its not a skill its a priority.

Some examples of a job skill are being good with computers, being creative or working well with a team but attending work every day is not a skill. Therefore a is correct here.

Why do job skills matter?

Job skills are important because they are those collections of skills that can help a person to complete a work. There are various kinds of work skills such as workplace skills, technical skills, transferable skills etc.

Workplace skills are those personal skills that ensure that we do our job well, for instance, teamwork. Technical skills are those skills that are required for a specific job such as coding. And transferable skills are those skills which we take from one job to another.

Some of the skills required are communication, change management, professional development, storytelling, planning, influencing, decision-making, problem-solving, and human resources.

Job seekers should always be ready to learn new skills because employers prefer such employees.

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Which type of market are you in if your company, along with three other companies, controls 95 percent of the total music industry? A. monopolistic competition B. perfect competition C. monopoly D. oligopoly

Answers

Answer: the answer to your question is D) oligopoly

Explanation:

Answer:

it's D. oligopoly

Explanation:

Oligopoly is a market structure where only a few large firms control a major share of the market.

What is the typical education level needed for an Advertising, promotions or marketing manager position?

Question 5 options:

High school diploma only


Bachelor’s degree


Doctorate degree


No degree necessary

Answers

Answer:

Kristina look at my new question thats the new chat

Explanation:

Answer:

bachelor’s degree

Explanation:

Principles that help define appropriate behavior in a business setting are?
A business ethics
B business regulations
C corporate culture
D morals

Answers

Answer:

A business ethics

Explanation:

Business ethics provide the moral principles that guide the way a business and its people conduct themselves while transacting. They are the rules that a business should follow while conducting business transactions. Through business ethics, a company is able to formulate standards that regulate employee conduct. Standards make it possible to distinguish what is acceptable or wrong when engaging with customers.

Create your own buy and sell stock problem

Answers

Answer:

The cost of a stock on each day is given in an array, find the max profit that you can make by buying and selling in those days. For example, if the given array is {100, 180, 260, 310, 40, 535, 695}, the maximum profit can earned by buying on day 0, selling on day 3. Again buy on day 4 and sell on day 6. If the given array of prices is sorted in decreasing order, then profit cannot be earned at all.

Explanation:

Which is a benefit of collaboration and teamwork?
A.It expands your social network and creates new connections.
B.It makes it more difficult to leave your current job.
C.It makes it easier to do your job since you can have other people do it.
D.It requires more work since you have to explain so much to other people.

Answers

Answer:

The Awnser Is A

Explanation:

It's the Best Awnser

components of marketing environment?​

Answers

Answer:

It consists of six components: the demographic, economic, physical, technological, political-legal, and social-cultural environments.

Explanation:

Hope this helps!

Please mark me as Brainlineast.

think about a piece of fruit that you recently purchased. list the natural, labor, and capital resources needed to get it to you

Answers

Answer: Typically shipping fresh fruit or shipping fresh produce involves a few different steps which can slow down productivity. For example, fruits are loaded into a corrugated box then added to a pallet, then shrink wrap is added or banding is used to keep the boxes on the pallet.

Explanation:

Which of the following regulates the International Monetary Fund?
a. un
b. international bankers association
c. u.s
d. international finance committee

Answers

Answer:

A. UN

Explanation:

The International Monetary Fund (IMF) is an international organization that aims to promote monetary cooperation, secure financial stability, make international trade easier, increase employment, and reduce poverty. It consists of 190 countries, and its headquarters are located in Washington, D.C. Along with the World Bank, the IMF is a part of the United Nations system. This means that it's regulated by the UN.

everyone here is a pleb

Answers

Noooo




Step by step explanation:

Answer:

no no no no no no no no no no no                                                                                            

Choosing to go to college over getting a job right out of high school is an example of a(n) _____.


fixed cost

opportunity cost

variable cost

none of the above

Answers

It’s opportunity cost

Amber showed up to the conference room five minutes before her presentation, which was to begin at 2 P.M. This was the first time she had been to conference room #9, and she assumed that it had a projector. Unfortunately, it didn't. After noticing this fact, she rushed to an adjacent room to borrow one. She was able to do so, and finished setting up her equipment at 2:15. She had to borrow a laptop as well, since the room did not have a computer. 1. Think carefully about what happened to Amber's presentation. In your estimation, what was her first mistake?

Answers

Answer:

She should have come earlier so that she could prepare for her presentation, and if she knew she needed specific equipment then she should have asked someone if the room had it.

Explanation:

So basically just not coming early and prepared.

who do u guys think is going to win the election

Answers

Answer:

biden!

Explanation:

Answer:

Me!!!!!!!

Explanation:

jk biden won

What type of financial institution is the primary source of loans for businesses?

Answers

Answer:

The answer to your question is a bank

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