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SSSSS [86.1K]
4 years ago
9

The interest rate the federal reserve charges on loans it makes to commercial banks is called the:

Business
1 answer:
Aleksandr-060686 [28]4 years ago
7 0
<span>The discount rate is the interest rate charged to commercial banks and other depository institutions on loans they receive from their regional Federal Reserve Bank's lending facility--the discount window. :)</span>
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What Are Some Reasons To Have A Credit Card?
andreev551 [17]

Answer:

1 Boost your credit history and score

2 Internet purchases

3 Emergency money

4 Rewards

5 History of purchases

6 No fear of loss or theft

7 Interest free money

8 Merchant protection

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10 Convenient when traveling

3 0
3 years ago
You are thinking of purchasing a home. The house costs $300,000. You have $43,000 in cash that you can use as a down payment on
Anna35 [415]

Answer:

Annual payment= $3,250.77

Explanation:

Giving the following information:

You are thinking of purchasing a home. The house costs $300,000. You have $43,000 in cash that you can use as a down payment on the house, but you need to borrow the rest of the purchase price. The bank is offering a 30-year mortgage that requires annual payments and has an interest rate of 6% per year.

FV= 300,000 - 43,000= $257,000

i=6%

n= 30

Annual payment= ?

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (257,000*0.06)/{[1.06^30]-1}= $3,250.77

3 0
4 years ago
Gillian is easily impressed by make-up which claims to be manufactured with the use of crystals, but without really wondering ab
Ivan

Answer:

Corpus Callosum

Explanation:

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5 0
3 years ago
Read 2 more answers
Which is not a good financial decision? building a savings account and taking out fewer and smaller loans in the future making m
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Answer: frequently spending more money than is earned

Explanation:

7 0
3 years ago
Read 2 more answers
Miley, a single taxpayer, plans on reporting $31,375 of taxable income this year (all of her income is from a part-time job). Sh
notsponge [240]

<u>Answer:</u>$1,825

<u>Explanation:</u>

Based on the single tax rate schedule, of the additional $10,900 of taxable income, $9,000 is taxed at 15% (the increase $31,375 to $42,275) and the remaining $1,900 ($38,650 minus $37,650) is taxed at 25%. To summarize, ($9,000 × 15%) + ($1,900 × 25%)

= $1,350+$475

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The income tax from second job increases her tax liability by $1,825.

7 0
3 years ago
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