This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Commerce Bank & Trust Company offers a business line of credit that has an annual percentage ... (Read 109 times)

khang

  • Hero Member
  • *****
  • Posts: 569
on: Jun 24, 2018
Commerce Bank & Trust Company offers a business line of credit that has an annual percentage rate of prime plus 4.8, with a minimum of 11 1/2. If the prime rate is 6.25, what is the APR? (Round to the nearest hundredth of a percent)

Question 2

14,490 votes were cast at a recent election. If the votes cast for Candidate A were 6 times the votes cast for Candidate B, how many votes did each candidate receive? a. Candidate A ___________ b. Candidate B ___________
 Fill in the blank(s) with correct word


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

shailee

  • Sr. Member
  • ****
  • Posts: 392
Reply #1 on: Jun 24, 2018
Answer to Question 1

11.05

Answer to Question 2

a. 12,420 votes for Candidate A
b. 2,070 votes for Candidate B


khang

  • Member
  • Posts: 569
Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

DylanD1323

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

A Double-Line Spectroscopic Binary A Double-Line Spectroscopic Binary
Three days after the Boston Marathon explosion, the FBI released this photograph that had been taken Three days after the Boston Marathon explosion, the FBI released this photograph that had been taken
An upward-sloping spark line usually indicates a mechanical engine problem or a lean air–fuel ... An upward-sloping spark line usually indicates a mechanical engine problem or a lean air–fuel ...
Business Intelligence, Analytics, and Data Science: A Managerial Perspective, 4th Edition Business Intelligence, Analytics, and Data Science: A Managerial Perspective, 4th Edition
Plot of the percentage of X-linked recessive mutations Plot of the percentage of X-linked recessive mutations
Electric Light Orchestra (ELO) - Telephone Line + Lyrics Electric Light Orchestra (ELO) - Telephone Line + Lyrics
Video: Hemoglobin's affinity with oxygen - carbon dioxide, temperature and bisphosphoglycerate (BPG)

For a complete list of videos, visit our video library