All categories

3 years ago

Select each of the factors you should consider when selecting a savings account.

1 answer:

8 0

I would say all of them, only because you want to make sure that you're choosing the best account overall. My best guess, if that's not the answer, which it should be, would to be to look and see from your text, if it specifically mentions that any of these are not a part of a savings account. Nowadays, they all can be. It depends what bank you go to. But in Business classes, it might show that you a savings can't have one or more of these. For example, you usually see APR on other types of accounts. Not always savings. But for your grade level, and argument sake, I'd say all.

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3 years ago

Which of the following statements about group insurance is true?

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4 years ago

Suppose that this pure monopoly is subjected to a regulatory commission. if the commission seeks to achieve the most efficient a

Vinil7 [7]

Suppose that this pure monopoly is subjected to a regulatory commission. if the commission seeks to achieve the most efficient allocation of resources for this industry, it should set the price at <u>P2</u>.

A monopoly is a scenario in which there is a single vendor in the market. In traditional financial evaluation, the monopoly case is taken as the polar contrary of ideal competition. with the aid of definition, the call for a curve going through the monopolist is the industry call for the curve that is downward sloping.

A marketplace shape is characterized by a single supplier, selling a completely unique product inside the marketplace. In a monopoly marketplace, the vendor faces no opposition, as he's the sole seller of goods with no close substitute.

A monopoly is a market structure that includes an unmarried vendor who has special management over a commodity or provider. The phrase mono way unmarried or one and the prefix pole in reveals its roots in Greek, meaning “to sell”. Consequently, the word monopoly literally translates to a single supplier.

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2 years ago

The overarching purpose of credit risk analysis is to: Group of answer choices Quantify potential credit losses Determine a comp

Orlov [11]

Answer:

Identify credit opportunities

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The main goal of credit risk analysis is to identify the potential risks of lending out to a particular customer, whether it is a person or a firm.

In other words, is to identify whether a person or firm is credit worthy. From this concept of credit worhiness, we can affirm that the purpose of credit risk analysis is essentially to identify credit opportunities, since from the fact of finding out that a potential customer is credit worthy, a credit opportunity is created. (the loan is made to the credit worthy customer).

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3 years ago

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The correct statement is that at the end of two years a total interest of 1246.10 has been paid on a principal of $11940, where the interest rate is 7.45 percent. So, the correct option is B.

The calculation on monthly payment of interest can be done by ascertainment of the interest paid for two years and division of such amount by total number of months.

<h3>Calculation of Monthly Payment</h3>

We know that the interest to be paid for the first year will be close to $902 and that for the second year will be calculated as follows,

$\rm Interest for\ Second\ Year= Monthly\ Payment\ x\ 12\\\\\rm Interest for\ Second\ Year= 28.69\ x\ 12\\\\\rm Interest for\ Second\ Year= \$344.28$

So, the total interest paid at the end of the second year will be,

$\rm Total\ Interest\ for\ Two\ Years= Interest\ for\ One\ Year+ Interest\ for\ Second\ Year\\\\\rm Total\ Interest\ for\ Two\ Years= 902+344.10\\\\\rm Total\ Interest\ for\ Two\ Years= \$1246.10$

So, the total interest paid fully at the end of two years will be $1246.10

Hence, the correct option is B that the total interest of 1246.10 has been paid on a principal of $11940 at the end of two years upon monthly payments of such years.

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3 years ago