A fully amortizing mortgage is made for $88,000 for 25 years. Total monthly payments will be $1,140 per month. Required: What is the interest rate on the loan? (Round your final answer to 2 decimal places.) Annual interest rate %

Q: If the company sells produces and sells 3,000 baskets how much operating income will they make A)…

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A: Solution:-                               Morning Brew Coffee Company…

Q: What is Glass-Steagall Act?

A: Glass-Steagall Act splits up the investment and commercial banking segments of an investment bank.

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Q: The Sarbanes-Oxley Act requires the following?

A: Sarbanes-Oxley Act is formulated during 2002 under US federal law. The prime purpose of the act is…

Q: what is medicare

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A: The Rule of 72 is a simple way to determine how long an investment will take to double given a fixed…

Q: Give the meaning of Trust.

A: Beneficiary/ Fiduciary Trustee  A trust has a beneficiary and a trustee. The individual who is the…

Q: is part b answered in this?

A: Ledger posting. : When any transaction is made journal entry is passed, after that those entries are…

Q: Illustrate the Guidelines for Selecting a MARR?

A: It places a base gainfulness prerequisite on the discount rate, or MARR, which a venture or…

Q: 3 year 8% Bonds at $100,000 issued on January 1,2018, are recalled at 105 on December 31,2019…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: 35. If the company produces and sells 2,000 baskets how much will their cost of goods sold be?…

A: Workings: Calculation of variable cost per unit: Total baskets produced = 2000 direct materials cost…

Q: Why was the Sarbanes-Oxley Act developed and enacted?

A: Introduction:- The Sarbanes–Oxley Act of 2002 is a federal law in the United States that sets…

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A: Both murabaha and mudharaba are instruments of Islamic finance. There exists some differences…

Q: count ROCE

A: ROCE stands for Return on Capital Employed.

Cost of Credit

The cost of credit is an extra amount that the borrower has to pay besides the loan amount. These credit charges may vary from loan to loan. The cost of credit includes interest charges, maintenance charges, and arrangement charges. Some of the costs are mandatorily collected by the lender based on the loan amount and tenure of the loan. The cost of credit is also called finance charges of the credit.