Question not found

Not a good answer? Get an answer now. (Free)

Rating

There are no new answers.

t Object]User: The U.S. Rule that allows borrowers to pay of a loan early uses which interest method? Compound
Exact
Ordinary
Partial User: Interest is equal to: Principal rate divided by time
Principal divided by rate time
Principal time
Principal rate time
None of these **Weegy:** Interest is equal to Principal rate divided by time . **User:** Amount charged for use of bank's money is called: Principal
Interest
Rate
Time
None of these **Weegy:** Amount charged for use of bank's money is called interest. **User:** Simple interest usually represents a loan of: 1 month or less
1 year or less
2 years or less
6 months or less
None of these **User:** A note dated August 18 and due on March 9 runs for exactly: 230 days
227 days
272 days
203 days
None of these **Weegy:** 203 days. A note dated August 18 and due on March 9 runs for exactly 203 days. **User:** Given interest of $11,900 at 6 percent for 50 days (ordinary interest), one can calculate the principal as: $1,428,005.70
$4,128,005.70
$1,428,05.70
$1,420.70
None of these **Weegy:** Solution : Given : I (Interest) =$ 11,900 r (rate %) = 6% t (time in year) = 50 days Required = P (Principal amount) I = Prt t = 50 days X 1 yr/365 =0.1370 year I = Prt $11,900 = P (6%/100) (0.1370) P = 11,900 /0.06(0.1370) P = $ 1,447,833.33 [ therefore : none of these stated amount . ] **User:** Which of the following is not true of the U.S. Rule: Calculate interest on principal from date of loan to date of 1st payment
Allows borrower to receive proper interest credits
Can use 360 days in its calculations
Can involve more than 1 payment before maturity date
None of these **Weegy:** Can involve more than 1 payment before maturity date None of these (More)

Question

Expert Answered

Asked 9/20/2012 12:09:59 PM

0 Answers/Comments

oan Roe borrowed $85,000 at a rate of 11 3/4 percent. The date of the loan was July 8. Joan is to repay the loan on Sept. 14. Assuming the loan is based on exact interest, the interest Joan will pay on Sept. 14 is: **Weegy:** 95,000
(More)

Question

Expert Answered

Asked 9/20/2012 2:16:13 PM

0 Answers/Comments

Imagine that you are hosting a group of exchange students next term. You are responsible for welcoming the students to campus and acquainting the students with life on campus socially as well as academically.
Develop a "Welcome Letter" for the visiting students. Keep in mind that the students have not lived in the United States nor attended a U.S. college before. What do they need to know about making and keeping friends here in the U.S.? **Weegy:** hello and welcome to the USA! (More)

Question

Expert Answered

Asked 9/20/2012 2:32:04 PM

0 Answers/Comments

Imagine that you are hosting a group of exchange students next term. You are responsible for welcoming the students to campus and acquainting the students with life on campus socially as well as academically.
Develop a "Welcome Letter" for the visiting students. Keep in mind that the students have not lived in the United States nor attended a U.S. college before. What do they need to know about making and keeping friends here in the U.S.? **Weegy:** Academic dishonesty is endemic in all levels of education.[citation needed] In the United States, studies show that 20% of students started cheating in the first grade.[5] Similarly, other studies reveal that currently in the U.S., [ [ [ 56% of middle school students and 70% of high school students have cheated.[6] Students are not the only ones to cheat in an academic setting. A study among North Carolina school teachers found that some 35 percent of respondents said they had witnessed their colleagues cheating in one form or another. The rise of high-stakes testing and the consequences of the results on the teacher is cited as a reason why a teacher might want to inflate the results of their students.[7] The first scholarly studies in the 1960s of academic dishonesty in higher education found that nationally in the U.S., somewhere between 50%-70% of college students had cheated at least once.[8] While nationally, these rates of cheating in the U.S. remain stable today, there are large disparities between different schools, depending on the size, selectivity, and anti-cheating policies of the school. Generally, the smaller and more selective the college, the less cheating occurs there. ] ] (More)

Question

Expert Answered

Asked 9/20/2012 2:39:29 PM

0 Answers/Comments

19,213,445 questions answered

There are no comments.