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
Amanda [17]
3 years ago
12

Which of the following is a depository financial institution

Business
1 answer:
Kipish [7]3 years ago
5 0
It's a depository institution in the United States that is legally allowed to accept monetary deposits from consumers. 
 

You might be interested in
If a borrower can afford to make monthly principal and interest payments of 1000 and the lender will make a 30 year loan at 5 1/
Alexus [3.1K]

Answer:

The the largest loan this buyer can afford is 14,533.75.

Explanation:

This can be determined using the formula for calculating the present value of an ordinary annuity as follows:

Step 1: Calculations of the present value or the loan the buyer can afford for a 30 year loan at 5 1/2%

PV30 = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV30 = Present value or the loan the buyer can afford for a 30 year loan at 5 1/2% =?

P = monthly payment = 1000

r = interest rate = 5 1/2% = 5.50% = 0.055

n = number of years = 30

Substitute the values into equation (1) to have:

PV30 = 1000 * ((1 - (1 / (1 + 0.055))^30) / 0.055)

PV30 = 1000 * 14.5337451711221

PV30 = 14,533.75

Step 2: Calculation of the present value or the loan the buyer can afford for a 20 year loan at 4 1/2%

PV20 = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (2)

Where;

PV30 = Present value or the loan the buyer can afford for a 20 year loan at 4 1/2% =?

P = monthly payment = 1000

r = interest rate = 4 1/2% = 4.50% = 0.045

n = number of years = 20

Substitute the values into equation (1) to have:

PV20 = 1000 * ((1 - (1 / (1 + 0.045))^20) / 0.045)

PV20 = 1000 * 13.0079364514537

PV20 = 13,007.94

Conclusion

Since 14,533.75 which is the present value or the loan the buyer can afford for a 30 year loan at 5 1/2% is greater than the 13,007.94 which is the present value or the loan the buyer can afford for a 20 year loan at 4 1/2%, it therefore implies that the the largest loan this buyer can afford is 14,533.75.

5 0
2 years ago
Which of these best fits the definition of interest, as it applies to finance? a. interest is the money earned by investing. b.
ladessa [460]

The definition for interest in terms of finance is interest is the cost of borrowing. Therefore the correct option is (B).

<h3>What is Finance?</h3>

Finance refers to the money or the funds required by the company to undertake the business projects. Here, finance is the separate field of the study taught to the management students.

Interest refers to the amount charged to the borrower to the lender on the loan facility provided to them. Every lender charges the rate of the interest according to his will.

Bank also charge the rate of the interest on the loan provided to the customer. Therefore the correct option is (B).

Learn more about Finance here:

brainly.com/question/12459778

#SPJ1

6 0
2 years ago
which of the following is a depository financial institution? a) investment bank b) online bank. c) life insurance company. d) F
klasskru [66]
A because you invest money into the bank, and eventually the deposits add up to a lot of money.
3 0
3 years ago
Read 2 more answers
Which of the following is not a question addressed by macroeconomists? a. Why is average income high in some nations but low in
maria [59]

Answer:

c. What is the impact of foreign competition on the U.S. auto industry?

Explanation:

Economic theory is divided into two broad areas: macroeconomics and microeconomics.

Macroeconomics discusses large economic aggregates, such as income, inflation, and employment variations. It is an approach that aims to discuss these factors and bring about improvements through economic policies.

In turn, microeconomics deals with micro factors, such as the behavior of consumers and companies, including in relation to competitive structures. Therefore, item (D) deals with microeconomics and not macroeconomics.

4 0
3 years ago
What was the partnership with alliance boots designed to achieve and why would it make sense for a company like walgreens?
sweet-ann [11.9K]

A partnership with Alliance Boots had several strategic advantages, allowing Walgreens to gain swift entry into foreign markets as well as complementary assets and expertise. First, it gave Walgreens access to new markets beyond the saturated United States for its retail pharmacies.

A partnership is a proper association with the aid of two or greater parties to manipulate and perform an enterprise and the percentage of its income. There are several varieties of partnership arrangements. Especially, in a partnership business, all companions proportion liabilities and profits equally, even as in others, partners may also have confined legal responsibility.

The definition of a partnership is a relationship between two or more individuals. An example of a partnership is groups operating collectively. An instance of a partnership is a marriage.

A partnership is an association wherein events, referred to as enterprise partners, agree to cooperate to increase their mutual hobbies. The companions in a partnership can be people, agencies, interest-based totally businesses, colleges, governments, or combos.

Learn more about partnership here brainly.com/question/14034519

#SPJ4

8 0
1 year ago
Other questions:
  • How do you display integrity and moral character?
    14·1 answer
  • A corn farm, a coal mine, and a fishing company are all part of the _________ industry. A. Manufacturing B. Service C. Extractiv
    14·2 answers
  • What is one argument in favor of the wealth gap? the lower classes have the opportunity to invest. poor people can easily move i
    5·2 answers
  • Clearcopy, a printing company, acquired a new press on January 1, 2019. The press cost $173,400 and had an expected life of 8 ye
    15·1 answer
  • The subcontracting or contracting out of activities to external organizations that had previously been performed by the firm is
    15·1 answer
  • The costs of lead contamination have been estimated to be $1 billion for medical care of those sickened by lead, plumbing repair
    15·1 answer
  • Cala Manufacturing purchases land for $489,000 as part of its plans to build a new plant. The company pays $35,300 to tear down
    10·1 answer
  • If Country A is an agricultural country and Country B has many cities and factories, it would make sense for
    12·1 answer
  • Seller Vincent decided to let the listing agreement he had with broker Bob expire and sell the property himself. Prospective buy
    7·1 answer
  • How do delivery companies track packages? group of answer choices
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!