kkkkkkk1350 kkkkkkk1350

03-04-2019
Mathematics

contestada

What is the monthly interest rate corresponding to 24% APR with a debt of $10000

Respuesta :

MrsSeifried MrsSeifried

03-04-2019

Answer: 2%

Step-by-step explanation: The APR is the annual percentage rate, which is the amount of interest that you pay in one year. In order to calculate the monthly rate you divide the annual rate by 12 months. 24% / 12 months = 2%

Answer Link

Otras preguntas

2. Which of the following statements is true of persuasive messages? A. People tune out repetitious messages, so they quickly lose effectiveness. B. Messages pr

write the recurring decimal 0,101010101... . as a fraction in its simplest form.

a sinusoid always function has an amplitude of 3, a frequency of 1/8pi, and a midline at 2. Which of the following equations satisfies these conditions? a. f(x)

Identify the purposes of myth found in the story of Arachne

when the light went out, I threw myself down _____my stomachA.by B.on C.to D.at

explain how 6/12 and 4/8 are equal fractions

A box contains 5 yellow toys and 4 red toys. Two toys are selected with replacement. - Draw a tree diagram showing all outcomes and probabilities -Find the pro

read the following excerpt from hawthornes short story young goodman brown. analyze and explain the allegory used in this story.

Michaela is comparing two companies using three years of financial statement data. Company A's net income for the three years was $200 million and its operating

The Side-Side-Side Similarity Postulate states that if the sides of one triangle are congruent to the sides of another triangle, then the triangles are similar.