1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
RSB [31]
3 years ago
5

Whic of the statement below is FALSE?

Business
1 answer:
Kaylis [27]3 years ago
4 0

Answer:

Reducing principal at a faster pace increases the overall interest paid on a loan.

Explanation:

When a loan is being repaid a repayment schedule is used. Repayment schedule contains proportion of principal and interest to be paid by the borrower.

In a scenario where principal to be paid reduces at a faster rate, the interest must also reduce. Interest is a function of the principal. The higher the remaining principal the higher interest rate and vice versa.

So the statement - Reducing principal at a faster pace increases the overall interest paid on a loan, is false. Rather interest to be paid will reduce.

You might be interested in
In a mixed economy who answers the three economic questions
lana66690 [7]
I think it is both A and B I coukd be wrong tho
6 0
3 years ago
Slim made a single deposit of $5,000 in an account that pays 7.2% in 2015. What equal-sized annual withdrawals can Slim make fro
evablogger [386]

Answer:

annual withdrawals is  $1,393.87

Explanation:

given data

Amount Deposited = $5,000

Annual Interest Rate = 7.2%

First withdrawal =  2020

last withdrawal = 2025

solution

we consider equal sized annual withdrawals = x

so we can say that Amount Deposited amount will be as

$5,000 = \frac{x}{(1+0.72)^5} + \frac{x}{(1+0.72)^6} + \frac{x}{(1+0.72)^7} + \frac{x}{(1+0.72)^8} + \frac{x}{(1+0.72)^9} + \frac{x}{(1+0.72)^{10}}       ..........1

we take common here \frac{x}{(1+0.72)^{4}}

so

$5,000 = \frac{x}{(1+0.72)^{4}} \times ( \frac{1}{(1+0.72)^1} + \frac{1}{(1+0.72)^2} + \frac{1}{(1+0.72)^3} + \frac{1}{(1+0.72)^4} + \frac{1}{(1+0.72)^5} + \frac{1}{(1+0.72)^{6}} )      

solve it we get

x = $1,393.87  

so that annual withdrawals is  $1,393.87

7 0
3 years ago
Which is a correct statement regarding sandwich prices,<br><br> based on the histogram?
Fudgin [204]

Answer:

Which is a correct statement regarding sandwich prices, based on the histogram? The distribution of sandwich prices is skewed left.

i hope this helps<3 :)

4 0
3 years ago
Which statement describes the role of the Federal Reserve System? A. It prints all the paper money in circulation in the United
kumpel [21]
The job of the Federal Reserve System is to control the supply of money in the United States. Although it might seem like the Federal Reserve System prints the money as well, but this is in fact not true. The U.S. Treasury prints paper and coin currency and the Federal Reserve System distributes the money globally. 
6 0
3 years ago
Read 2 more answers
In San Francisco there are many restaurants that specialize in a wide variety of cuisines. Patronage at these restaurants is inf
Verdich [7]

In San Francisco, there are many restaurants that specialize in a wide variety of cuisines. Patronage at these restaurants is influenced by factors such as tastes, price, and location. This market is option (b) i.e, monopolistically competitive.

<h3>What is monopolistically competitive?</h3>

An industry with a lot of companies offering similar (but not identical) replacement goods or services is known as one with monopolistic competition. In a monopolistic competitive industry, there are few barriers to entry and exit, and no firm's decisions directly affect those of its rivals.

Monopolistic competition is characterized by a number of features.

  • slight variations in the goods and services,
  • Free access to the market and exit
  • many businesses
  • Profits from incomplete consumer knowledge

Consumer electronics, apparel, restaurants, and hair salons are a few examples of industries with monopolistic competition. Each business delivers goods that are comparable to those of other businesses in the same sector. They can, however, set themselves out through branding and marketing.

To know more about monopolistic competition refer to:  brainly.com/question/13686157

#SPJ4

6 0
2 years ago
Other questions:
  • Individuals who wait until they turn 65 to apply for medicare will cause a delay in the start of part b coverage, because they w
    5·1 answer
  • Cleo writes a check for $100 drawn on debit &amp; credit bank and presents it to elegant jewelers for payment. if the check is n
    8·1 answer
  • The poverty rate for children under 18 in texas is while it is in the united states as a whole
    8·1 answer
  • ​age, personality, buying​ style, and job position are​ __________ factors that can influence the business buying decision proce
    15·1 answer
  • Genna Raiter, the president and CEO of Car Keepers Garage, has asked several of her managers and employees to help establish a s
    7·1 answer
  • Salespeople need to possess effective trust-based sales communications skills so that they:
    5·1 answer
  • The Hudson Corporation has 7,600 obsolete units of a product that are carried in inventory at a manufacturing cost of $152,000.
    15·1 answer
  • Based on the chart above the opportunity cost of moving from point B to point C is approximately
    13·1 answer
  • Why do you think Starbucks has been so concerned with social responsibility in its overall corporate strategy
    5·1 answer
  • In three years, when he is discharged from the Air Force, Steve wants to buy an 8,000 power boat.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!