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
Lemur [1.5K]
3 years ago
11

Maria is going to take out a loan with a principal of $19,700. She has narrowed down her options to two banks. Bank M charges an

interest rate of 7.1%, compounded monthly, and requires that the loan be paid off in five years. Bank N charges an interest rate of 7.8%, compounded monthly, and requires that the loan be paid off in four years. How would you recommend that Maria choose her loan?
Business
1 answer:
Vadim26 [7]3 years ago
3 0

Answer:

Loan principal amount = $19,700

Bank M:

Interest rate charges = 7.1% compounded monthly

Loan will be paid off in = Five years

Bank N:

Interest rate charges = 7.8% compounded monthly

Loan will be paid off in = Four years

From the above information, we would recommend that Maria choose her loan from Bank M if she wants a lower monthly payments and Maria choose her loan from Bank N if she wants a lower lifetime cost.

You might be interested in
According to a 2002 article in USA Today that was discussed in chapter 5, a researcher has found that 11 of the 15 largest compa
lawyer [7]

Answer:

interlocking directorates

Explanation:

5 0
3 years ago
Congress passed a law imposing penalties for displaying "indecent" material online where children could see it. If the U.S. Supr
ratelena [41]

Answer:

1) True

Explanation:

The checks and balances system allows every one of the government branches a say on new laws. First of all, Congress makes and passes laws. Second, the President can veto any law, and Congress needs two-thirds votes on both houses to overrun the presidential veto. Third, the Supreme Court decides if the law is constitutional or not, if it decides that the law is unconstitutional, it is eliminated completely or partially depending on the ruling.

6 0
2 years ago
You can buy commercial paper of a major u.S. Corporation for 495000 $ the paper has face value of 500000 $ and in 45 days from m
BartSMP [9]

Answer:

Discount yield is 8%

Bond equivalent yield is 8.19%

Explanation:

The discount yield on the commercial paper is calculated as:

(($500,000 - $495,000)/$500,000 ) x (360/45)

= ($5,000/$500,000 x (360/45)

= 0.01 x 8

= 0.08

= 8%

And bond equivalent yield is calculated as:

(($500,000 - $495,000)/$495,000) x (365/45)

= ($5,000/$495,000) x 8.11

= 0.0101 x 8.11

= 0.0819

= 8.19%

7 0
3 years ago
If you are reading a web page about a particular topic and see related advertisements appear along the side of the page, do you
suter [353]

Answer:

Yes.I do consider this invasion of privacy except i gave a consent to the website owner to use my data.

Explanation:

6 0
3 years ago
A firm is considering two different capital structures. The first option is an all-equity firm with 75,000 shares of stock. The
Contact [7]

Answer:

$395833

Explanation:

Calculation to determine How much money is the firm considering borrowing if the interest rate is 8 percent

Amount to borrowed=(95000 / 75000) = [95000 – (X * 0.08)] / 50000

Amount to borrowed=1.26 = [95000 – (X * 0.08)] / 50000

Amount to borrowed=63333.33 = 95000 – (X * 0.08)

Amount to borrowed=31666.65 = X * 0.08

Amount to borrowed=X=31666.65/0.08

Amount to borrowed=$395833.33

Therefore How much money is the firm considering borrowing if the interest rate is 8 percent will be $395833

6 0
2 years ago
Other questions:
  • When a company discontinues an operation and disposes of the discontinued operation (component), the transaction should be inclu
    11·1 answer
  • Doubling the circumference of an oil pipeline more than doubles the volume of oil that can be pumped through. This strategy is c
    8·1 answer
  • You see information everywhere. Sometimes it is useful and sometimes it is not. Think of a scenario in which you think informati
    12·1 answer
  • Is ordering a pizza for someone else illegal?
    6·1 answer
  • Income is generated through the ______ of goods and services. In the United States, ________ of all income takes the form of wag
    5·1 answer
  • __________ is the process by which representatives of a union meet with representatives of management to negotiate a contract fo
    14·1 answer
  • 2. What were the major industries involved in the development of the West, and how did these industries transform the western ec
    6·1 answer
  • When the economy is growing, total output is _____ and total income is _____.
    14·2 answers
  • Spark Company's static budget is based on a planned activity level of 45,000 units. At the same time the static budget was prepa
    11·1 answer
  • When seeking financial backing from a venture capitalist, a small business owner should realize that the venture capitalist will
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!