Please show how to do part A,B, and C so I can use it as...
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Please show how to do part A,B, and C so I can use it as a study guide
Ricky Ripov's Pawn Shop charges an interest rate or 14.25 percent per month on loans to its customers. Like all lenders, Ricky must report an APR to consumers What rate should the shop report? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Annual percentage rate What is the effective annual rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Effective annual rate One of your customers is delinquent on his accounts payable balance. You've mutually agreed to a repayment schedule of $640 per month. You will charge 1.04 percent per month interest on the overdue balance. If the current balance is $14,860, how long will it take for the account to be paid off? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Number of months If your first deposit will be made one month from now, how large will your retirement account be in 32 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g 32.16.) Retirement account value in 32 years
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