3 years ago

What is the prime rate?

2 answers:

6 0

The answer is: a. The prime rate is the best interest rate that banks offer their most creditworthy customers.

In order to be considered as 'creditworthy' , there are several requirements that must be fulfilled by the customers. Such as:

- The customers have collateral for their credit (could be in the form of saving account or private assets)

- The customers never maxed out their credit card

- The customers never late to pay their debt.

- The customers have a steady income.

UkoKoshka [18]3 years ago

3 0

I think the answer is A

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Which of the following loans typically have the highest interest rate? Car loan, credit card, payday loan, mortgage

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An apartment building contains twenty units. Each unit rents for $900 per month. The vacancy rate is 5%. Annual expenses are $17

sergij07 [2.7K]

Answer:

The question is missing below options:

A.7.6%

B.8.9%

C.12.48%

D.22.05%

The correct option is C,12.48%

Explanation:

Note the difference between my 12.49% and the 12.48% is due rounding error.

The computation is shown below:

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Effective gross income $205,200.00

deduct:

maintenance expenses ($17,500.00)

Insurance ($7,200.00)

taxes ($7,500.00)

Utilities ($6,400.00)

management fee(10%*$205,200) ($20,520.00)

Net operating income $146,080.00

Property investment $1,170,000.00

Investor's rate of return(net operating income/initial investment)

investor'r rate of return=$146,080/$1,170,000=12.49%

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3 years ago

Your Insurance company bills you $687.89 every 6 months for your premium payments. You decide to pay per month.

eimsori [14]

Answer:

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3 years ago