The loan with the greater increase in effective rate is the loan (I). It is greater by 0.19%.
What is the effective rate?The effective rate is also called the actual rate paid on a loan. It takes into account the effect of compounding.
Formula:
[tex]\text{i}=(1+\dfrac{r}{m})^m-1[/tex]
Where, r = Nominal Rate,
m= number of compounding.
Computation of Effective interest rate:
The effective rate of interest of loan (H) is:
[tex]\text{i}=(1+\dfrac{r}{m})^m-1\\\\\text{i}=(1+0.0568365)^3^6^5-1\\\\\text{i}=0.058439\\\\I=0.058439\times{100}\\I=5.8439\%[/tex]
The effective rate of interest of loan (I) is:
[tex]\text{i}=(1+\dfrac{r}{m})^m-1\\\\\text{i}=(1+0.063312)^1^2-1\\\\\text{i}=0.065169\\\\I=0.065169\times{100}\\I=6.5169%[/tex]
The differences between the effective rate and the nominal rates of the loans:
Loan H = 5.84%—5.68% = 0.16%
Loan I = 6.52%—6.33% = 0.19%
Therefore, the difference of interest of loan (I) is more than the loan (H) by 0.19%.
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Kaylee received a check from her grandmother. She wants to make sure that the check gets deposited into her account, so she endorses the check as follows: For Deposit Only, Account 7864389876, Kaylee Jones. This is an example of what type of endorsement?
A. Special endorsement.
B. Certified endorsement
C. Blank endorsement.
D. Restricted endorsement.
Valerie is going to purchase a new car. The car she wants has a list price of $32,495. Valerie is planning to make a down payment of $1,877. Furthermore, she plans to trade in her current car, which is a 2006 Hyundai Sonata in good condition. She will finance the rest of the cost by making monthly payments over five years. She can finance the cost at a rate of 8. 64%, compounded monthly. She will also have to pay 8. 23% sales tax, a $2,243 vehicle registration fee, and a $314 documentation fee. If the dealer gives Valerie 87. 5% of the trade-in price on her car, listed below, approximately how much will Valerie pay in total for her new car? (Round all dollar values to the nearest cent, and consider the trade-in to be a reduction in the amount paid. ).
Valerie will pay $ 35,899.87 as the total cost of financing for the purchase of the new car which includes 60 loan payments amounting to $ 2,698.57 and the total loan interest is $513.57
What is the total cost of financing?The actual money you borrow in addition to the interest that you will have to pay is called the total cost of financing.
In this case, the Auto price is given $32,495
[tex]\rm loan\,term = \, 60\,months\,(12\times5)\\\\Interest\,rate =8.64\%\\\\Down\,payment = \$1,877\\\\Trade\,in\,value = \$ 28,433 ($32,495\times87.5\%)\\\\\rm\, Sales\,tax = 8.23\%\\\\Title\,,registration\,and\,other\,fees = $ 2,557( \$2,243+ \$314)\\\\Monthly pay : $44.98\\\\\rm\,Total\,loan\,amount = $2,185\\\\\rm\,Sales\,tax = $334.30\\\\\rm\,Upfront Payment = $ 4,768.30\\\\[/tex]
A total of 60 loan payments is equal to $2,698.57, the total loan interest is equal to $513.57, and the total cost (price, interest, taxes, fees ) is equal to $35,899.87
Thus, Valerie has to pay $35,899.87 as the total amount for the purchase of the car.
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Which statement or statements accurately describe characteristics of subsidized Stafford loan? I. Grace period during which payments are not due II. Based on student need III. Student is responsible for all interest for the lifetime of the loan. A. I only b. II only c. I and II d. I and III.
Subsidized Stafford loan is provided to students who are in need of funds for study purposes and during the grace period, payments are not due on the loan amount. Thus Option C. is the correct answer.
What is a Subsidized Stafford loan?Stafford Loans were available both as Subsidized and Unsubsidized loans. Subsidized loans are given to students based on the indicated financial need (see Expected Family Contribution).
The interest on the loan is paid by the federal government while the student is in school and during the official postponement.
Therefore, Option C. I and II are the correct answers; Grace period during which payments are not due and Subsidized Stafford loan is provided on the basis of students' need.
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What arguments might players make for free agency?
Low salary is an argument that players may make for free agency.
How does low salary make players want free agency?When players are being paid low in the clubs that they are signed into. This would cause them to want to leave to a club that would pay them more.
Until the 70s, the players were paid low given that they had to play only for the team that first signed them or the team through which they were traded.
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A _________ is the distribution of cash to its owners. This is determined by the board of directors. Multiple choice question. withdrawal cash dividend common stock dividend
Answer:
Common stock dividend
Explanation:
Owners have stock as proof of part ownership of the company. The dividend is designed to share the company's profits with it's owners. You may onmly own a trashcan, but it still earns a dividend.
A cash dividend is the distribution of cash to its owners. This is determined by the board of directors.
What is a cash dividend?
This is the distributrion of the accumulated earnings or the profits made by a corporation by all of its share holders.
The sharing of the cash to the owners is a decision that is made by the board of directors.
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Which statement best explains how elasticity and incentives work together?.
The statement that best explains the elasticity and incentives work together is that an elastic good, such as a game, is more likely to respond to incentives.
What is elasticity?Elasticity is the term that is used in economics. It calculates the percentage change of one economy shifting in response to a percentage change in another.
It is a broad estimate of the sensitivity of an economic variable in reply to a change in another economic variable.
It is defined as an elastic good, like a game, is additionally possible to react to motivations or incentives.
Therefore, an elastic good, such as a game, is more likely to respond to incentives is the correct statement.
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Using a separate profile on social networking sites to promote your business __________. allows you to keep your personal and business posts separate can be confusing and is always annoying to everyone is not allowed on most social networking sites for lack of space is inappropriate; business colleagues want to see personal information
Answer:
status should be at the gap
Answer:
A. allows you to keep your personal and business posts separate
Explanation:
that is the right answer
By state law, the local sales tax is fixed at no more than ______ percent of the value of the sale. Multiple choice question.
State law in Texas posits that local sales tax cannot be more than 2% of the value of sale.
What does Texas state law say?Texas state law allows for counties to charge sales taxes on goods and services sold in those areas.
They however limit the amount of taxes that can be paid to 2% so as not to overburden consumers who will have to bear the tax burden.
In conclusion, this is 2%.
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Kono corp. , an american company, is trying to decide whether to open its first international branch in europe or asia. The managers of the company are operating under a condition of _____.
The managers of Kono Corp., which is an American company trying to open a branch in Europe or Asia are operating under a condition of D. uncertainty.
What is uncertainty?Uncertainty refers to situations where the information is imperfect or unknown. When operating under uncertainty, some evaluations need to be undertaken to close the information gap.
Answer Options:A. goal displacement.
B. illusion of control.
C. social reality.
D. uncertainty.
Thus, the managers of Kono Corp. are not operating under goal displacement, the illusion of control, or social reality, but it is operating under conditions of uncertainty.
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Three roommates will share the cost of an apartment. Monthly rent is $1,050. Average monthly utilities are estimated to be $150, including electricity, water, and trash pickup. Groceries are estimated to cost $525 per month. Internet service costs $120 per month, including phone and cable TV. Roommate #2 has a pet (deposit of $100). The security deposit is $525, and cleaning fees are $90. The estimated monthly cost of household supplies is $90.
what is the total monthly cost for the apartment
Based on the various costs incurred by the three roommates, the monthly cost of the apartment is $1,410.
What is the most cost of the apartment?The monthly cost of the apartment are all costs that relate to maintaining it and providing services to it.
This can be found as:
= Monthly rent + Monthly utilities + Internet service + cleaning fees
= 1,050 + 150 + 120 + 90
= $1,410
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The period in which there are no fixed costs is the:.
Answer:
the long run
Explanation:
Cast Away Electronics paid a sum of $25,000 to an official of a foreign government to ensure that the company obtained exclusive preferential treatment for the plant it is building. The $25,000 can be classified as:____________
The payment by Cast Away Electronics to an official of a foreign government can be classified as a bribe.
Why is it a bribe?A bribe is a payment made by an entity to another entity in order to gain an unfair advantage or favor.
Cast Away Electronics wanted to gain an unfair advantage in the treatment of a plant and so paid a government official. This is therefore a bribe.
In conclusion, this is a bribe.
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How does international trade impact economic growth within a trading nation?.
A company may choose a ________ strategy to take advantage of economies of scale in marketing and production.
It should be noted that a company can choose a pricing strategy to take advantage of marketing and production.
What is a pricing strategy?It should be noted that pricing strategy is important when selling a product.
A company may choose a pricing strategy to take advantage of economies of scale in marketing and production.
This is important to generate revenue and meet organizational goals.
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What show is considered the first netflix original?.
Answer:
House of Cards
Explanation:
Functions of marketing
Answer:
There are seven widely accepted marketing functions that contribute to the overall work of marketers. The seven functions include: Promotion. Selling. Product management. Pricing. Marketing information management. Financing. Distribution. Why are the seven marketing functions important? The seven marketing functions are important since each of them represents a category of activities that occurs in marketing.
Explanation:
Important Functions of Marketing :
1. Gathering and Analysing Market Information: ...
2. Marketing Planning: ...
3. Product Designing and Development: ...
4. Standardisation and Grading: ...
5. Packaging and Labelling: ...
6. Branding: ...
7. Customer Support Service: ...
8. Pricing of Products:
If the Dow Jones Industrial Average was 300 in October 1929 and 100 in October 1931, how much of a percentage decrease did it experience (rounded to the nearest whole rate)
Answer:
67%
Explanation:
First We will calculate Dow Jones Industrial Average Decrease
Industrial Average in October 1929 = 300
Industrial Average in October 1931 = 100
So the decrease in Industrial Average is (300-100) = 200
Now We will calculate the Industrial Average decrease in percent
(200/300) x 100 = 66.66%
Rounded to 67%
After a loan is sold in the secondary market, the originating lender may be required to repurchase the loan due to
Answer:
hard work thats hard thinking
Explanation:
just try your best
Marcus is considering which college major to choose. In taking a rational approach, Marcus should consider
Answer:
Science or physics.
Explanation:
You didn't give us the choices
For a restaurant to be able to offer mixed beverages to go, which of the following are true?
A. It must be accompanied with a food order.
B. Beverage must be in a sealed tamper proof container.
C. There is no alcohol/food ratio.
D. All of the above
A restaurant can sell mixed beverages if they fulfill these requirements: A. It must be accompanied by a food order. B. Beverage must be in a sealed tamper-proof container. C. There is no alcohol/food ratio.
What is a Mixed beverage?
A mixed drink, caterer, or special occasion license holder must provide or sell one or more portions of a beverage made all or portion of an alcoholic drink in a sealed or unopened container of any permitted capacity for personal consumption were served or sold.
Any restaurant in this business must fulfill all the conditions to be able to sell mixed beverages as requested by the legal authorities.
Hence, the correct option is D. All of the above.
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The amount of money that a firm receives from the sale of its output is called.
Factors that decrease the demand for bonds include.
A factor that will decrease the demand for bonds is a decrease in the riskiness of stocks.
What are bonds?A bond is a debt instrument used by companies to raise capital. Bondholders are paid interest at regular intervals at a predetermined rate.
Stocks offer a higher rate of return than bonds but stocks are usually more risky. If the riskiness of stocks decline, the demand for stocks will increase and the demand for bonds will decrease.
Here are the options:
A) an increase in the volatility of stock prices.
B) a decrease in the expected returns on stocks.
C) a decrease in the inflation rate.
D) a decrease in the riskiness of stocks.
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Paco has just finished collecting data about students' lunch hour texting habits. He used both online surveys to ask the students about their texting behavior, as well as observational techniques in the cafeteria. What is the next step in the marketing research process for Paco to begin?
Answer:
Interpreting research findings
Explanation:
Which of the following is an example of a job responsibility for an engineer at a manufacturing plant?
Creating product designs
Inspecting products
Repairing machinery
Supervising mechanics
Answer:
Creating product designs
Explanation:
Supervising mechanics is the supervisors job, repairing is the mechanics job, and inspecting products would be another persons job(forget the title)
Answer:
Creating product designs
Explanation:
When a firm identifies a weakness within its organization, what can it do to address that weakness? a. It can develop a distinctive competence. b. It can look for organizational opportunities that will eliminate the weakness. c. It can modify its mission. d. It can consider it a distinctive competence and exploit it. e. It can modify its objectives for strengths.
When a firm identifies its weaknesses it can address it by considering it a distinctive competence and exploit it.
What is a firm's weakness?These are the constraints that firms are known to face. These weaknesses usually have the power of impeding the work that is being carried out in the organization.
In a situation where firms discover their weaknesses, they can go ahead to find ways to turn it around.
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Collaboration between two or more organizations that lowers costs and reduces manual effort among employees is enabled by a(n) _____.
An interorganizational information system is enables by relation between organizations to lowers costs and reduces manual effort among employees.
What is an interorganizational information system?This system refers to any form of shared information system among a group of companies..
In conclusion, this system allows an interchange of electronic data that allows fast computer-to-computer transfer of information.
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Is it better to be a venture capitalist or an entrepreneur?.
A cash discount representing a reduction in the amount to be paid by a credit customer if the customer pays within a specified period of time is also referred to as a(n) discount.
It should be noted that a cash discount representing a reduction in the amount to be paid by a credit customer can also be called Cash discount.
What is a discount?
Discount can be regarded as a reduction in price of a good or service.
As a customer, one can ask manager for a discount in case of damaged item and other cases.
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Kentucky Fried Chicken, with 18,875 stores in 118 countries and territories around the world, changed their recipe (the spiciness) for various regions. Even within China, the spiciness varies from region to region. Their menu changed also; for example, in Shanghai, KFC serves porridge for breakfast and Peking Duck burgers for lunch. This example shows that multinational firms must _______.
Because KFC changed their recipe (the spiciness) for various regions, this shows that multinational firms must develop every new product for potential worldwide distribution.
What is new product development?A new product development refer to a firm process of bringing in a new product to the marketplace.
In conclusion, the development of new product helps in potential worldwide distribution.
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I WILL GIVE BRAINLEY
Drag the tiles to the correct boxes to complete the pairs.
Anna is describing the skills required for career success in business information management. Help her match the skills to their descriptions.
Answer:
The first one is Business communication skills
The second one is computer skills
The third one is leadership skills
The fourth one is analytical skills
Explanation:
The following are correctly matched with the titles.
Business communication skills: the ability to write business correspondence, such as emails and posts.Computer skills: ability to work with word processing software, presentation software, and spreadsheets.Leadership skills: ability to motivate and guide people.Analytical skills: ability to visualize and implement possible business solutions to problems.The capacity to successfully communicate ideas and information in a commercial context requires strong communication skills. Writing brief and clear business correspondence, such as emails, reports, memoranda, and social media postings, is a part of this.
The ability to effectively use a variety of software and tools is referred to as having computer skills. Working with spreadsheets, presentations, and word-processing software is frequently included in the definition of computer skills in a professional setting.
The ability to inspire, encourage, and lead a group of individuals toward the accomplishment of shared objectives is a key component of leadership skills.
Analytical abilities include the capacity to analyze complex circumstances, spot patterns, and dissect them into more manageable parts.
Therefore, the mentioned above-given are correctly matched with the titles.
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