A payday loan company charges 6 percent interest for a two-week period. What would be the annual
Question:
A payday loan company charges 6 percent interest for a two-week period. What would be the annual interest rate from that company?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (16 reviews)
52 weeks 2week ...View the full answer
Answered By
Ggopisubraibprh
So as i'm enjoying maths,
I scored 94 percentile in 10th,99 percentile in 11th&12th,70 percentile in advanced level.
I will help you in the areas of statistics and probability, algebra, calculus.
Earlier, i worked As chegg expert for 3 years
i'm just here to help you to score more.
Thank you.
0.00
0 Reviews
10+ Question Solved
Related Book For
Focus On Personal Finance
ISBN: 9781265521974
7th Edition
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Melissa Hart
Question Posted:
Students also viewed these Business questions
-
A payday loan company charges 4 percent interest for a two-week period. What would be the annual interest rate from that company?
-
What would be the result of taxing an industry that produces external benefits? Subsidizing an industry that produces external cost?
-
What would be the difficulties in using Extreme Programming (XP) to develop projects? What types of projects would be best suited to employing XP?
-
The operations of Balloons Ltd. generated the following data for its current December 31 taxation year: Business losses (150,000) Dividends received and deducted (Division C) 25,000 Bond interest...
-
9 (3x + 2) (4x 6) = x Simplify the expression or solve the equation, as appropriate.
-
Using transactions listed in P2-1 for Stanley Insurance Inc. indicate the effects of each transaction on the liquidity metric Cash and profitability metric Net Income - Cash Basis. P2-1 Les Stanley...
-
How are project supply chains different from the make-to- stock supply chains of the traditional manufacturing organizations?
-
Customers of a chat room are using the chat room, Maphia, for access to each other and to transfer Sega games to each other. They are able to avoid paying the $19 to $60 the games cost for purchase...
-
On December 31, Jarden Company's Allowance for Doubtful Accounts has an unadjusted credit balance of $15,000. Jarden prepares a schedule of its December 31 accounts receivable by age. Accounts...
-
Cajun Company has outstanding 2,500 shares of $100 par, 6% preferred stock and 15,000 shares of $10 par value common. The following schedule shows the amount of dividends paid out over the last 4...
-
A certificate of deposit often charges a penalty for withdrawing funds before the maturity date. If the penalty involves two months of interest, what would be the amount for early withdrawal on a...
-
If $4,323 were withheld during the year and taxes owed were $4,122, would the person owe an additional amount or receive a refund?
-
In Problems 3974, solve each system of equations using matrices (row operations). If the system has no solution, say that it is inconsistent. 2x + 3y = 6 x - y = 1|2
-
What, in your opinion, was the defining moment that made the biggest impact for female athletics? Explain your choice and what impact it made. How can there be so much change for women's sports but,...
-
Part 1: 1. a 1-2 paragraph story (i.e. case study) about a fictitious scenario where this ethical issue arises. Be sure to fully explore the details with information about who, what, where, when,...
-
What is your response to George Kennedy's claim that the western rhetorical tradition is unusually aggressive and competitive when contrasted to other traditions?
-
In what ways could you support other workers to implement individualised plans effectively and consistently?
-
How can you determine if a program is being delivered within budgetary frameworks?
-
A-Tech Company uses 36,000 circuit boards each year in its production of stereo units. The cost of placing an order is $15. The cost of holding one unit of inventory for one year is $3. Currently,...
-
Discuss whether responsible human resources management should apply different standards for the home company and suppliers, for developed countries and developing countries, and for large companies...
-
What steps would you take if someone stole your identity?
-
How might you protect your credit information on the internet?
-
What are some warning signs of debt problems?
-
American Blossom management is planning to make a $3.7 million loan to a French firm. Currently, LIBOR is at 0.55 percent. American management considers a default risk premium of 1.10 percent, a...
-
The following account balances are for Ping Chung, Certified Public Accountant, as of April 30, 20X1. Cash Accounts receivable $120,000 48,000 Maintenance expense 21,400 Advertising expense 17,060...
-
Abbott Equipment leased a protein analyzer to Werner Chemical, Inc., on September 30, 2021. Abbott purchased the machine from NutraLabs, Inc., at a cost of $5 million. The five-year lease agreement...
Study smarter with the SolutionInn App