a credit card had an apr of 15.21 all of last year and compounded interest daily. what was the credit cards effective interest rate last year?
A) 11.64%
B) 15.21
C) 16.42%
D) 16.32%

Answers

Answer 1
Let P =  the principal
The apr is r = 15.21% = 0.1521
The compounding interval is n = 365
The time is t = 1 year

The value after 1 year is
[tex]A=P(1+ \frac{r}{n} )^{nt}[/tex]
That is,
A = P(1 + 0.1521/365)³⁶⁵ = 1.1642P
The interest is 1.1642P - P = 0.1642P

The effective percent interest rate is
100(0.1642P/P) = 16.42%

Answer: 16.42%

Related Questions

If a legal contract is formed and the subject of the contract then becomes illegal under a new statute, the contract is _____.

Answers

Answer:  "discharged" .
______________________________________________

"the three major types of fitness goals are performance goals, body composition goals, and ________ goals."

Answers

Answer for the above question id " adherence". Adherence is the most important goal for the fitness. Exercise adherence is the extent to which a patient acts in accordance with the advised interval, exercise dose, and exercise dosing regimen.

Final answer:

The three major types of fitness goals are performance goals, body composition goals, and mastery goals, with mastery goals emphasizing learning and personal development. Understanding the components of physical fitness aids in creating realistic and beneficial goals.

Explanation:

The three major types of fitness goals are performance goals, body composition goals, and mastery goals. Mastery goals focus on learning, competence, and self-development, contrasting with performance goals that aim at excelling in the quality of one's performance. While performance goals might emphasize external validation through high grades or superior athletic performance, mastery goals are inherently about personal growth, such as improving one’s understanding of a subject or enhancing physical abilities for personal satisfaction. Understanding the different components of physical fitness, including cardiorespiratory endurance, muscular strength and endurance, flexibility, and body composition, is crucial in setting realistic and beneficial fitness goals. Mastery goals encourage individuals to focus on enhancing their capabilities and learning new skills, which can lead to more sustainable and fulfilling progress in both academic and physical pursuits.

Total cost can be divided into two types of costs:

Answers

Are u looking for true or false if u'r than it's
true
if u'r not then am sorry

When firefighters local 48 negotiates directly and only with its employers for better work conditions and terms of employment so that each firefighter doesn't need to negotiate individually, it is called ________?

Answers

Collective bargaining. This is done so that a fair agreement as to wages and employee safety can be reached. The theorem behind allowing such collective negotiation is that, where the advantage would clearly lie with the employer if at the bargaining table with each foreman individually, collectively they are able to make demands that will be heard by the employer, as failure to meet these demands or at least to compromise could lead to a serious and problematic labor dispute.

Each year 50 randomly selected haque & slash hair styling franchises are surveyed to determine: (1) the average annual earnings per franchise and (2) the proportion of franchises that earn at least $10,000 annually. the survey records x, the annual earning per franchise. within the context of this problem, what would be a possible definition for µ?

Answers

µ, or the population mean, may be defined as the average annual earning of all Haque & Slash hair styling franchises. x measures only the average annual earnings of the 50 randomly selected Haque & Slash hair styling franchises.

Burleson​, ​inc., purchased a tract of​ land, a small office​ building, and some equipment for $1,550,000. the appraised value of the land was $1,100,000​, the building $600,000​, and the equipment $300,000. what is the cost of the​ land?

Answers

To find the land cost, we first find the ratio that is the land at its appraised value. In this case, this would be (1100000/2000000), or 0.55. Then, the price of the purchase for the entire property is multiplied by this rate. This would give a land value of (1550000 * 0.55), or $852,500.

As a manager tim has realized that active listening is important because

Answers

As a manager, Tim has realize that active listening is important because IT INVITES OTHERS TO LISTEN TO YOU.
Active listening involves carefully concentrating on what is been said by the other person, it involves listening will all of one's senses. Actively listening to others make others to listen when one is talking.

Social mobility in the u.s. does not depend on where one starts in the class system anthropolgy

Answers

The statement above is TRUE.
Social mobility refers to the movement of individuals or families within or between social strata in a particular society. It means a change in social status relative to one's present location with a given society. Social mobility in US does not depend on where one start in the class system; one can come from the lowest class strata and become one of the richest individual and an individual from a very rich family can also end up as a p.auper. A lot of factors come to play in these situations.

The smallest unit of storage in the following list is a _____. byte nanobyte megabyte gigabyte

Answers

Nano byte is your answer.

Nano byte is 1000 kilobytes 1000  kilobytes is 1 megabyte 1000 megabytes is 1 gigabyte 1000 gigabyte is 1 terabit...

Good lluck 

From all the options available, the best answer to the blank space given would be (A) byte.

Although nanobyte might seem to be the answer, it actually does not exist as a unit of storage. The smallest unit of storage would actually be bit – bit is valued at either 1 or 0. A byte contains roughly 8 bits. One megabyte is approximately 1,024 kilobytes or 1,048,576 bytes – while one gigabyte is roughly 1,024 megabytes, which in bytes are around 1,073,741,824.

In the new cities in south asia around 500 bce:
a. merchants and traders, who had contact with the outside world, rebelled against the caste system.
b. city dwellers, compared to rural peasants, had more material wealth but lived more uncertain lives.
c. rulers reserved to themselves the right to mint coins.
d. accounting and financial record keeping had not yet emerged, which limited the growth of financial transactions.
e. traders found that kings were able to disrupt their activities as kings made decisions about warfare without considering the concerns of the traders.

Answers

It is (b) city dwellers compared to rural peasants, had more material wealth but lived more uncertain lives.

You are a member of the marketing team at the dannon company, inc. the company makes a variety of yogurt products including one called oikos greek yogurt. your team is currently considering making some packaging changes to the product. the potential package modifications have been narrowed down to a list of four. choose the option from the drop down menu that would best complete each passage: as you add new oikos variations, if you maintain the look of the packaging, especially the blue background and the columns, then you are using packaging. when you create a re-closable plastic package that buyers can use for food storage at home or at work it is called packaging. because can be a major factor in purchase decisions, yogurt manufacturers like oikos don't stray far from the circular design of their packaging, which most easily accomodates a spoon.

Answers

The correct option is this: WHEN YOU CREATE A RE CLOSABLE PLASTIC PACKAGE THAT BUYERS CAN USE FOR FOOD STORAGE AT HOME OR AT WORK, IT IS CALLED PACKAGING.
Packaging refers to the technology of enclosing and protecting products for distribution, storage, sale and use. It also refers to the process of designing, evaluating and producing packaging for a particular product.

which type of classroom enables students to attend lectures without being physically present with the teacher

Answers

Your answer will be an online class room because when your in a online classroom your not physically there but when the teacher lecture you it sounds nice because it is more like a text and also you get to move at your own paste and you get to do nothing all day and when your in the online classroom you wont be alone the online class room allows you to chat with other classmates.

Answer: For Plato The Answer Would be "Virtual"

Explanation: The type of classroom that enables students to attend lectures without being physically present with the teacher is a virtual classroom.Virtual classrooms are online learning environments that provide students with the ability to attend lectures, participate in discussions, and complete assignments from anywhere with an internet connection.Virtual classrooms use web-based tools, such as video conferencing, online chats, and shared whiteboards, to simulate the traditional classroom experience.In a virtual classroom, students can communicate with their teachers and peers, ask questions, and receive feedback in real-time.The virtual classroom also provides students with flexibility in terms of when and where they complete their coursework, which can be especially beneficial for those with busy schedules or who live far from their school.

When economists say an activity is consistent with economic efficiency, they mean?

Answers

d. the benefits that result from the activity exceed the costs

Pizza hut provides the use of its name plus operating know-how to companies in costa rica in return for a fee plus a percentage of profits. pizza hut is

Answers

what are you supposed to know? edit it in the question in oarenthesis, i might know

The soccer team is planning to sell health bars for a fundraiser. the prices of purchasing health bars from two different companies are represented by the system of equations shown, where x is the number of bars purchased and y is the total cost in dollars. company
a.y = 0.75x company
b.y10 + 0.50x how many bars would the team need to purchase from each company in order for the total cost to be equal

Answers

Answer: D

Explanation:

Power is divided equally among three branches of government. what do you think is the reason for this.

Answers

Power is divided between three places so that not all of the power belongs to one place. If all off the power belonged to one place, anything they decide should happen, would happen. Even if it was a bad decision.

If the power is divided, more people get a say in the laws that are being made or the things that are being done. This way, it will hopefully cut down on the number of bad decisions. It is divided so that not one group has total control of something.

Hope this helps!
I think the reason is because sure the president controls all three branches but different processes and decisions are made at each branch and that's why I think power is divides among three different branches

What steps are recommended for creating a successful person budget?

Answers

1. List your expenses
2. Separate your wants and needs
3. Make sure your expectations are realistic
4. Consider buying budgeting software
5. Get your family on board
I hope this helps :)

1. Calculate expenses

2. Determine your income

3. Set savings and debt payoff goals

4. Record spending and track progress

5. Be realistic

A study of interior designers' opinions with respect to the most desirable primary color for executive offices showed that:

Answers

It showed that most people prefer red color in their executive offices.
Red is a primary color which most people associate with good feelings, so it's no wonder these interior designers believe it will benefit the workers in their workplace.

Suppose the elasticity of demand for cereal is 1. if cereal increases in price by 25 percent, how much will the quantity demanded decrease by?12.5 percent

Answers

25 percent is the answer

If cereal increases in price by 25% the quantity demanded will decrease by 25%. Elasticity of demand is what describes the sensitivity of price change with the change of demand in an item. In many situations, if a price increases by a certain amount it will also drop by the same amount in demand. Pricing directly relates to the demand and supply of a good or service.

Tools, buildings, and labor are examples of _____.

Answers

Construction men maybe not 100 percent sure

An ultimate frisbee team that sets their goal of winning the northeast regional tournament is engaging in which type of goal setting?

Answers

An ultimate frisbee team that sets their goal of winning the Northeast regional tournament is engaging in OUTCOME type of goal setting.

There are three types of goal settings:
1. Outcome goals
2. Performance goals
3. Process goals

An outcome goal is a goal that is not under anyone's control. Performance goal is a goal that is achieved while process goal helps to reach the performance goal. 

what is a financial plan ?

Answers

A financial plan is a comprehensive evaluation of an investor's current and future financial state by using currently known variables to predict future cash flows, asset values and withdrawal plans.
in my own words, it making/discovering a plan for the future on how your going to get money/ your income

Lucky owns mud flats ranch, which is situated on certain nevada acreage. the exterior boundaries of the land extend

Answers

False, It is real property

Purchases that have substantial social or economic consequences: question 13 options: represent routine purchases that pose little risk. represent high-involvement purchase decisions.

Answers

Purchases that have substantial sociale or economic consequences represent high-involvement purchase decisions because they require a deep scrutiny phase where positive consequences are compared with negative ones to understand if benefits outweigh losses and are desirable for society.

Answer:

onche degendas levedga pinche gordtho

Explanation:

Liquid dry shampoo should be used to clean what kind of wigs

Answers

to clean human-hair wigs

Economists agree that ________________ inflation reduces real output.

Answers

Answer:  "cost-push" .
__________________________________

Why is the 50-20-30 rule easy for people to follow, especially those who are new to budgeting and saving?

Answers

The 50/30/20 guideline is used to keep your spending within a certain goal. This helps people who are new to budgeting because it is a simple rule to follow but also benefits them in the long run. You can then customize the rule to fit your personal life. I don't know much more about it but I hope this helps.

"The 50-20-30 rule is considered easy for people to follow, particularly for those who are new to budgeting and saving, because it provides a simple and straightforward framework for managing personal finances.

Here's the breakdown of the rule and why it's user-friendly:

- 50% for Essentials: Half of your income is allocated to necessities such as housing, utilities, groceries, and transportation. This category covers the basic needs that are indispensable for living, making it straightforward to understand and prioritize.

- 20% for Savings and Debt: Twenty percent of your income goes towards savings and debt repayment. This includes contributions to emergency funds, retirement accounts, and payments towards credit card balances, student loans, or other debts. The clear-cut division makes it easy to see how much money is being set aside for financial security and debt freedom.

- 30% for Personal Spending: The remaining 30% is for personal spending, which encompasses wants such as dining out, entertainment, and shopping. This category gives individuals the flexibility to enjoy their income while still maintaining a balanced budget.

The simplicity of the 50-20-30 rule lies in its clarity and the way it categorizes expenses into three distinct areas. It doesn't require meticulous tracking of every penny, which can be overwhelming for budgeting newcomers. Instead, it focuses on percentages, which allows for some variability in spending while still adhering to a structured plan.

Additionally, the rule is adaptable to different income levels. Whether someone earns a little or a lot, the percentages remain the same, allowing for a consistent approach to budgeting that can grow with an individual's financial situation.

By dividing income into just three categories, the 50-20-30 rule simplifies the budgeting process, making it less intimidating and more approachable for those who are new to managing their finances. It encourages a balance between responsible financial behavior (saving and debt repayment) and personal enjoyment (discretionary spending), which can help individuals stick to their budget over the long term."

Frank owes anderson $500. frank is the obligor. anderson, as the obligee, assigns the right to receive the $500 to his daughter jemma. jemma is now:

Answers

Frank owes Anderson $ 500. Frank is the obligor. Anderson, as the obligee, assigns the right to receive the $500 to his daughter Jemma. Jemma is now the assignor and cannot enforce the contract against Frank.
Assignor refers to the company or a person that transfers a property or right to someone else.


List the four stages of ability development. Provide an example of a person developing a specific ability. What would each stage look like?

Answers

Jean Piaget was a Swiss philosopher and psychologist who introduced a theory of cognitive development like Sigmund Freud Jean thought human development can be described in stages (of course leaving the sexuality part of Freud out). The stages are:
Sensorimotor. Birth through ages 18-24 months (Explorer)

Preoperational. Toddler-hood (18-24 months) through early youth (age 7) 
( children learn to think abstractly, understand symbolic concepts, and use language etc.)

Concrete operational. Ages 7 to 12 (Understanding complexities)

Formal operations: Pre-adulthood through adulthood (Hypothetical, and theoretical reasoning)

Shoutout to @Ahmedisaal 

Have an amazing day!

Describe an advertisement you've seen that uses a desire based marketing message. What desire does this ad appeal to? (2-4 sentences.) TIP: This can be any type of ad, such as a TV commercial, a radio ad, a magazine ad, a billboard, an Internet ad, or another type of ad.

Answers

1.I once saw an advertisement for a weight loss supplement. The persons in the ad seemed to change significantly after using the product. Apart from their appearance, everything seemed to be going better for them.

Desired based marketing messages hope to give their target consumer the desire to enter a store and purchase an item. An example of a desire based marketing strategy is sales or low product pricing. Consumers always want the best deal, although price may not be the main factor for all consumers, it is a large factor in deciding what products to purchase. When a store is advertising for a sale, they are building and bringing to light a desire a consumer has to save money on an item.

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