The return a lender receives for allowing borrowers the use of their savings for one year, calculated as a percentage of the amount borrowerd a- desinflation b- real interest rate c-nominal interes rate d- interest rate
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The return a lender receives for allowing borrowers the use of their savings for one year, calculated as a percentage of the amount borrowerd
a- desinflation
b- real interest rate
c-nominal interes rate
d- interest rate
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- Can you explain the meaning of a 20% annual percentage rate (APR) quotedby the credit card company?What are the two types of cashflows? Define eachIt refers to the actual or exact rate of interest earned on the principal during a one year period. A Nominal Rate of interest B) Compound Interest D Simple Interest Effective Rate of Interest
- just subpart d pleaseWhat type of interest is the capital invested in a transaction is principal and at any time after the investment of the principal, the sum of the principal and the interest due is future amount?In contrast to revolving credit, installment credit loans allow a borrower to do which of the following? A to borrow funds continually B C D to borrow funds interest free to borrow funds one time to borrow funds tax free
- What's rop settlement8. A man borrowed an amount of S10,000 to a bank. The bank agreed considering that theinterest rate is 5% annually. Determine the amount that the man paid the bank if heborrowed last January 01, 1900. The man paid the bank dated November 30, 1900. Useexact simple interest.Calculate the table factor, the finance charge, and the monthly payment (in $) for the loan by using the APR table, Table 13-1. (Round your answers to the nearest cent.) AmountFinanced Number ofPayments APR TableFactor FinanceCharge MonthlyPayment $700 18 16% $ $ $