What is the percent of interest paid on this loan

Assignment Help Econometrics
Reference no: EM131144046

Lane French had a bad credit rating and went to a local cash center. He took out a $100.00 loan payable in two weeks at $113.50. What is the percent of interest paid on this loan? (Do not round intermediate calculations. Round your answer to the nearest whole percent.)

Reference no: EM131144046

Questions Cloud

Discuss what aristotle means by moral virtue : Discuss what Aristotle means by moral virtue (Virtue of Character). Aristotle adds three requirements to this treatment (Aristotle, 22). Discuss each of these requirements and why Aristotle would find it necessary to add each of them.
Find the smallest such value of damping : Try to find the smallest such value of damping remembering that added damping is usually expensive.
Determine the users weight in pounds or kilograms : The medical staff enters the patient's weight and selects either Pounds to Kilograms or Kilograms to Pounds. The application will determine the user's weight in pounds or kilograms.
Olaf distributing company completed the following : Olaf Distributing Company completed the following merchandising transactions in the month of April. At the beginning of April, the ledger of Olaf showed Cash of $9,000 and M. Olaf, Capital of $9,000.
What is the percent of interest paid on this loan : What is the percent of interest paid on this loan? (Do not round intermediate calculations. Round your answer to the nearest whole percent.)
How many miles north and how many miles east from the harbor : A boat leaves the entrance of a harbor and travels 57 miles on a bearing of N 11° E. How many miles north and how many miles east from the harbor has the boat traveled?
Compute the response by numerical simulation : Compute the response by numerical simulation to see if the constraint is satisfied - If the constraint is not satisfied, find the smallest value of damping that will keep the deflection less than 0.008 m.
Does mental illness such as adhd and ptsd contributes : Complete a draft of the prospectus using information from your 10 Key Strategic Points document. So, my topic of discussion is "Does mental illness such as ADHD and PTSD contributes to Learning Disability?" Now you can use the 10 key strategic lin..
Journalize the transactions for the month of july : Sansomite Co. distributes suitcases to retail stores and extends credit terms of 1/10, n/30 to all of its customers. At the end of June, Sansomite's inventory consisted of suitcases costing $1,200.

Reviews

Write a Review

Econometrics Questions & Answers

  Summarize the potential entrants residual demand curve

Suppose the inverse market demand is given by P = 20 - Q. If the incumbent produces 8 units of output, which of the following equations best summarizes the potential entrant's residual demand curve P = 12 - 8Q P = 20 - 12Q P =20 - 8 Q P = 12 - Q

  What is the absolute size of it public debt

Suppose that a country has no public debt in year 1 but experiences a budget deficit of $40 billion in year 2, a budget deficit of $20 billion in year 3, a budget surplus of $10 billion in year 3, and a budget deficit of $2 billion in year 4.What ..

  Identify the preferred project according to the criterion

An individual is considering two investment projects. Project A will return a zero profit if conditions are poor, a profit of $4 if conditions are good, and a profit of $8 if conditions are excellent. Project B will return a profit of $2 if condi..

  Calculate the price at which it rents cars

Describe how a car rental agency would calculate the price at which it rents cars, and relate your description to the equation for rental cost given in the text.

  What is the marginal propensity to consume

Income Savings I(planned) Consumption 200 -20 60 400 0 60 600 20 60 800 40 60 1000 60 60 1. Fill in the last  column. 2. The equilibrium level of income in this example is  3. According to this data, the marginal propensity to consume is .

  What is the value of their producer surplus

what is the value of their producer surplus if each mows a lawn and the price for lawn mowing is $107

  How to set up the multiple plant monopolists profit

A drug company has a monopoly on a new patented medicine. The product can be made in either of two plants. The total costs of production for the two plants are given by c1(y1) = 20y1 + y1^2 and c2(y2) = 10(y2^2) + 5/2(y2^2).

  Compute the expected exchange rate next year

Are the differences in rates of return in (d) consistent with the uncovered interest parity condition? Why or why not?

  What should the excise tax be in order to raise money

Suppose that the market for cigarettes in a particular town has the following supply and demand curves: Qs = P; Qd = 50 P with quantities measured in thousands of units. Suppose the town council needs to raise 300 000$ in revenue

  Define the opportunity cost of getting your degree

Define the opportunity cost of getting your degree by analyzing what steps and economic factors a potential student must make when choosing to pursue an education.

  What is hans before tax realized real interest rate

When Hans calculates his taxes at the end of the year, he writes down on a form how much he invested and multiplies that amount times the inflation rate for the year to arrive at his "inflation compensation amount.

  Naïve regression of consumption on income

What would be the value of the multiplier derived from a naïve regression of consumption on income, and what would be the true value?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd