What is the monthly periodic rate on a loan with an APR of 19.5%?
Question:
What is the monthly periodic rate on a loan with an APR of 19.5%?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (7 reviews)
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
Question Posted:
Students also viewed these Mathematics questions
-
What is the monthly periodic rate on a loan with an APR of 18.6%?
-
Use the credit card statement and a blank credit card calendar. a. What is the total of all of the purchases made this billing cycle? b. What is the amount of total payments? c. What is sum of the...
-
Leticia has to hedge the interest rate risk of her holdings of $6,480,000 in Treasury bonds by buying or selling futures contracts. Determine the type of transaction and the price of each contract if...
-
Convert the ERD below into a Relational Model (Schema List of tables). Specify the Primary and Foreign Keys clearly. id ROLE type id IS A address EMPLOYEE medical details lype name EVIDENCE name...
-
What is a bear raid? How does a bear raid relate to trading on inside information?
-
For the numbers 116.0, 97.9, 114.2, 106.8, and 108.3, find the mean, standard deviation, range, and 90% confidence interval for the mean. Using the Grubbs test, decide whether the number 97.9 should...
-
What are the four deliverables of the IT strategic planning process?
-
Seabreeze Furniture in Orlando maintains a large central warehouse where it stores items until they are sold or needed by the companys many stores in the central Florida area. A four-person crew...
-
What ethical considerations must be taken into account during conflict resolution, and how can mediators ensure that resolutions are both fair and sustainable ?
-
Find the figure of a total asset. Note: This problem is for the 2020 tax year. On November 1, 2009, Janet Morton and Kim Wong formed Pet Kingdom, Inc., to sell pets and pet supplies. Pertinent...
-
A loan used for buying a home is called a mortgage. The Fortunato family is borrowing $430,000 to buy a home. They are taking out a 30-year mortgage at a rate of 3.55%. a. Compute the monthly payment...
-
The following spreadsheet can be used to compute monthly payments given the APR, principal, and term of the loan. a. Write the spreadsheet formula to compute cell D2.b. Write the spreadsheet formula...
-
In the Czech Republic, people are not directly charged for doctor visits or hospital stays. In-deed, the countrys constitution says that citizens have on the basis of public insurance the right to...
-
Solve: 5 | x + 3 | > 2 . Write your solution in interval notation using improper fractions if neccesary. ( If there is no solution, enter your answer as . )
-
Suppose that a function F:R 2 - > R 2 satisfies F ( 1 , a ) = ( 7 0 , 6 6 ) F ( 1 , 1 ) = ( 1 0 , 6 ) and F ( 0 , 1 ) = ( c , 5 ) for some a , c in R . Find the unique values of a and c for which F...
-
Use the distributive property to write an equivalent expression for 45s + 25
-
Solve | 2 x - 1 | + 4 < 5 and write the solution in interval notation. ( If there is no solution, enter your answer as . )
-
Solve: 3 | 2 d - 9 | - 1 0 = 3 . ( Use a comma to separate multiple solutions. If there is no solution, enter as your answer. ) .
-
Finish the proof of Lemma 1.5. A matrix changes bases if and only if it is nonsingular.
-
Write a paper about how diet relates to breast cancer in women study design to use: case control study purpose & rationale the purpose of this final project is to utilize the methods and...
-
A researcher is interested in the effects of practice on accuracy in a signal-detection task. Subjects are tested with no practice, after 1 hour of practice, and after 2 hours of practice. Each...
-
A researcher has been hired by a pizzeria to determine which type of crust customers prefer. The restaurant offers three types of crust: hand-tossed, thick, and thin. Following are the mean number of...
-
A researcher is interested in whether massed or spaced studying has a greater impact on grades in a course. The researcher has her class study for 6 hours all in one day for one exam (massed study...
-
In the United States, there are laws that forbid employers from discriminating against working mothers or employees who are pregnant. They are called "Family Responsibilities Discrimination" laws, or...
-
1. Research existing case law to analyze how the Supreme Court of the United States has ruled in an effort to achieve the Sixth Amendment's chief goal. a. Analyze at least four cases (three of which...
-
Jason is 25 years old and has a new job in Web development. He wants to make sure he is financially sound when he retires 30 year later. He plans to invest the same amount to a retirement account for...
Study smarter with the SolutionInn App