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

How do i find 2/4of36?

Which of the following represents the most accurate estimation of 388 - 212?

A change in the direction of a wave when the wave finds an obstacle or an edge, such as an opening bending of waves around a barrier is called _________________

How did Fredrick william become an absolute ruler

What are the origins and elements of aztec architecture, urbanism, and culture?

How does the government attempt to encourage positive externalities and limit negative externalities?

Cells in multi-cellular organisms A) All look the same B) All have the same function C) Are often quite different from each other D) Are the same size in every

Which of the following is an example of an electrolytic solution? Select all that apply. sea water fresh water salt (NaCl) carbonic acid

What is 8/14 in lowest terms?

Solve the equation for x. 3x - 5x + 4 = 10 x=