You want to borrow 2000 from your brother he says if he, Ask an Expert

Management Studies

You want to borrow $2,000 from your brother. He says if he charged you 7.2% that would be interest of $144 for the year. So in total you would pay him $2,144. So he tells you that you can pay $2,144/12 = 178.67 per month for 12 months that would be fine with him. What is the EAR on this loan?

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M91646244

Have any Question?Write your Review or question?

Related Questions in Business Management

Discuss the importance functionality and role of a

Discuss the importance, functionality, and role of a GateKeeper or VoIP server in a VoIP -deployed network?

Write a program to ask the user to eithernbspselect 1 to

Write a program to ask the user to either Select 1 to print the digits in an integer reversely Select 2 to print the characters in a string reversely using a switch case, your program will either 1- call the recursive ...

List the 3 ways to identify an opportunityname 3 techniques

List the 3 ways to identify an Opportunity? Name 3 techniques for generating ideas? Describe what is a business plan is?

What steps has whole foods taken in approprately planning

What steps has Whole Foods taken in approprately planning strategy? Assuming WFoods must develop a new business model, how should they go about this?

What impact does corporate strategy have on your decision

What impact does corporate strategy have on your decision, as a consumer, to purchase those products or services? What is the best plan to implement and enforce a code of ethics within a business? What is the impact of a ...

Questionexample of an organization that has recently

Question: Example of an organization that has recently undertaken a proactive change. How it affect company? Also example of an organization that has recently undertaken a reactive change. How it affect company?

What is the purpose of using a diagnostic instrumentmodel

What is the purpose of using a diagnostic instrument/model to help manage change. Describe the key aspects that an instrument/model should effectively identify or outline in order to facilitate change.

Pease refer to walmart companycourse- investments

PLEASE REFER TO WALMART COMPANY Course- Investments ( Textbook- Bodie, Z., Kane, A., & Marcus, A. J. (2018). Investments(11th ed). New York, NY: McGraw-Hill Education. ISBN: 978-1-259-27717-7) Write a one page memo with ...

Task 12 using the information provided in appendix 1

Task 1 2. Using the information provided in Appendix 1, review: a. current data on staff turnover and demographics b. projections for future workforce needs. 3. Using appropriate sources, investigate the external environ ...

Oracle has two important files that need to be in place for

Oracle has two important files that need to be in place for an installation. D iscuss the Oracle tnsnames.ora and listener.ora files and their purpose.

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Management Expert