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nevsk [136]
3 years ago
14

Samantha has a loan with an interest rate of 6.67 percent now, but the rate could increase 2 percent next year. What lending ter

m best describes this loan?
1)finance charges
2)fixed rate loan
3)APR
3)variable rate loan
Business
2 answers:
stiv31 [10]3 years ago
6 0

Answer: 3 Variable Rate Loan.

The variable rate loan best describes the loan agreement because the rate can vary and become a different percent over the course of the loan agreement. When you agree to loan terms with variable interest rates it is important to remember when they will change and check the interest rate amounts at any given time over the course of the loan, sometimes the loan terms jump drastically if not paid by the initial given rate.

dusya [7]3 years ago
6 0
Based on the given description above, the correct answer would be option 4. If Samantha has a loan with an interest rate of 6.67 percent now and it could increase at 2 percent next year, this lending term is called the variable rate loan. This kind of loan has an interest that varies<span> as market interest </span>rates<span> change. Hope this helps.</span>
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a manager's reluctance to delegate, as seen in the video, relates to which of the four management functions?
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A manager's reluctance to delegate, as seen in the video influencing relates to the management function.

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If you delegate duties, obligations, or strength to a person, you deliver them those responsibilities or responsibilities or that strength, in order to act in your behalf. He desires to delegate extra obligations to his employees.

What is an instance of a delegate?

An example of delegate is while you tell a person to get your mail for you. The definition of a delegate is a consultant authorized to speak or act for others. An instance of a delegate is a baby-kisser who speaks on behalf of a group of people. One who acts on behalf of one or greater others in an authentic capability.

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2 years ago
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7 0
3 years ago
Kansas Enterprises purchased equipment for $72,500 on January 1, 2021. The equipment is expected to have a five-year service lif
Papessa [141]

Answer:

Annual depreciation= $12,970

Explanation:

Giving the following information:

Kansas Enterprises purchased equipment for $72,500 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual value of $7,650 at the end of five years.

To calculate the depreciation expense under the straight-line method, we need to use the following formula:

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