Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 25, 2022

If you borrow $24816 at 20% interest rate for 19 years, what is your ordinary simple interest in this case? Note: Final answer round to

If you borrow $24816 at 20% interest rate for 19 years, what is your ordinary simple interest in this case?

Note: Final answer round to the nearest whole number.

Step by Step Solution

★★★★★

3.57 Rating (164 Votes )

There are 3 Steps involved in it

Step: 1

Given information Principal amount ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamental accounting principle

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

21st edition

1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587

More Books

Students also viewed these Economics questions

Question

★★★★★

The percentage (rounded to the nearest whole percent) of persons from each state completing 4 years or more of college is listed below. Organize the data into a grouped frequency distribution with 5...

Answered: 1 week ago

Question

★★★★★

In Problem without using a calculator, round to the nearest integer. 18 (A) - 5 (B) +

Answered: 1 week ago

Question

★★★★★

In Problem without using a calculator, round to the nearest integer. (A) + (B) - 7 55

Answered: 1 week ago

Question

★★★★★

An employee earns $24 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 43 hours during the week. Assume that the FICA tax rate is 7.5%...

Answered: 1 week ago

Question

★★★★★

Independent random samples were selected from two binomial populations. The size and number of observed successes for each sample are shown in the following table: Sample 1Sample 2 n1 = 200 .....n2 =...

Answered: 1 week ago

Question

★★★★★

3. As a group, brainstorm any legal issues Involved in this situation and write them down. plan for laying- off employees. He wants each manager to rank his or her employees according to the order in...

Answered: 1 week ago

Question

★★★★★

Suppose the BIC statistic value for a logistic regression model with five explanatory variables is BIC5 = 234.56 and the BIC statistic value for a logistic regression model with only three of the...

Answered: 1 week ago

Question

★★★★★

Clearview Company is a manufacturer of blown glass vases. The following information pertains to Clearviews 2012 sales: Sales price per unit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ....

Answered: 1 week ago

Question

★★★★★

Retail Outlet has 6% preferred stock outstanding that is currently selling for $30 per share. It was originally issued at $50 per share. Assume the par value is $100. What is the cost of preferred...

Answered: 1 week ago

Question

★★★★★

To augment heat transfer between two flowing fluids it is proposed to insert a 100-mm-long, 5-mm-diameter 2024 aluminum pin fin through the wall separating the two fluid. The pin is inserted to a...

Answered: 1 week ago

Question

★★★★★

A rectangular storage container with an open top is to have a volume of 10 m3 . then length of its base is twice the width. material for the base costs $20 per square meter. material for the sides...

Answered: 1 week ago

Question

★★★★★

[7] Draw the phase diagram of water and indicate the supercritical fluid region. 5 points

Answered: 1 week ago

Question

★★★★★

When performing an integrated audit for a public company subject to PCAOB standards, the audit team identified the following situation: Control: All expenditures are reviewed by AP personnel to...

Answered: 1 week ago

Question

★★★★★

Mr. Webb's class is measuring the length of small objects using a classroom set of rulers. One student's measurements are consistently 1 8 8 1 inch smaller than all of the other students'...

Answered: 1 week ago

Question

★★★★★

While staying at a hotel for a conference, Paulo's supervisor invites him to her room for drinks. When Paulo turns her down, she says he won't be considered for a promotion unless he changes his...

Answered: 1 week ago

Question

★★★★★

At the aquarium, visitors are asked how much they agree with the statement, "I like jellyfish" from 1 (strongly disagree) to 7 (strongly agree). What scale of measurement is being used? O nominal...

Answered: 1 week ago

Question

★★★★★

please actually answer the question and fill out the table Quilcene Oyateris forms and sellis oysters in the Pacific Northwess. The company harvested and sold 7700 pounds of oysters in August. The...

Answered: 1 week ago

Question

★★★★★

In the simple quantity theory of money, what will lead to an increase in aggregate demand? In monetarism, what will lead to an increase in aggregate demand?

Answered: 1 week ago

Question

★★★★★

Wells Company reports the following sales forecast: September, $ 55,000; October, $ 66,000; and November, $ 80,000. All sales are on account. Collections of credit sales are received as follows: 20%...

Answered: 1 week ago

Question

★★★★★

Mark Albin, Roland Peters and Sam Ramsey invested $ 164,000, $ 98,400 and $ 65,600, respectively, in a partnership. During its first calendar year, the firm earned $ 270,000. Required Prepare the...

Answered: 1 week ago

Question

★★★★★

In December 2012, Pavelka Companys manager estimated next years total direct labor cost assuming 50 persons working an average of 2,000 hours each at an average wage rate of $ 15 per hour. The...

Answered: 1 week ago

Question

★★★★★

Of the following, which is the most similar to the concept of long-term memory? a. a computer mouse b. a computer monitor c. a computer hard drive d. a computer keyboard

Answered: 1 week ago

Question

★★★★★

Multiple-choice test questions typically rely on ____________, while essay questions rely on ____________. a. recognition; recall b. rehearsal; recall c. relearning; rehearsing d. recall; recognition

Answered: 1 week ago

Question

★★★★★

Felisha can recall with great detail the day of her wedding and all that occurred. What might psychologists say about these particular flashbulb memories? a. The memories were likely enhanced in part...

Answered: 1 week ago

Previous Question Next Question