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Leokris [45]
2 years ago
5

An online savings account _____. offers lower interest rates because it costs more money to maintain the online site offers high

er interest rates because they don't have the overhead that standard banks have works nothing like a basic bank savings account has more restrictions on how often withdrawals can be made and typically require a minimum balance
Business
2 answers:
sveta [45]2 years ago
5 0
Your answer would be they offer Higher interest rates.
Ahat [919]2 years ago
5 0

An online savings account <u>"offers higher interest rates because they don't have the overhead that standard banks have".</u>


Online savings accounts give adaptability and security, with extra advantages over conventional brick-and-mortar banks and credit associations. First of all, clients can oversee cash by means of cell phone or PC without relying upon nearby office hours and tellers. Yet, most remarkably, they likewise offer higher rates and lower charges.  

Banks raise rates when they need to assemble cash. In the event that they have to get stores in the entryway, a high rate on bank accounts will draw in cash. On the off chance that, then again, they needn't bother with money, they can keep rates lower.

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You borrow $8000 to buy a car, at an annual interest rate of 6%. Assume interest is compounded continuously. You make monthly pa
hram777 [196]

Answer:

We should pay $243.3 each month to pay of the loan.

Explanation

The present value of the loan is 8,000, the number of compounding periods are (3*12) =36 because payment is going to be made monthly for 3 years, the future value of the loan is 0 as there will be no lump sum payment at the end of the loan and equal payments each month, the monthly interest rate is 6%/12= 0.5%. We input these 4 values to find the monthly payment.

PV= 8,000

FV=0

N=36

I=0.5

Compute PMT= 243.3

8 0
3 years ago
Which of the following statements about the Consumer Decision Process is false?
Harman [31]

Answer:

The answer is: A) In a successful purchase, every stage in the process has to happen.

Explanation:

Sometimes we as customers don´t have the time or are unable to follow all the stages in the consumer decision process. Many times it depends on what need we want to satisfy. For instance, if we are hungry or thirsty we might decide to eat at the first restaurant we find. It doesn´t mean we made a bad choice, it simply happened that way because we didn´t have time to research about all the restaurants in the area and then evaluate and decide which one was the best for us. Many daily purchases are part of our daily routine. Imagine how many hours we would spend at a grocery store if we had to follow every step of the process.

On the other hand, if I´m searching for a new house, I will follow steps one through five several times, over and over again until I finally decide which house to buy.

7 0
3 years ago
What is the amount of money you still owe to their credit card company called everfi answers?
sukhopar [10]
The answer is credit card balance. A credit card balance is the sum of money payable to the credit card company. A new credit card balance may take up to 24 hours to bring up-to-date after a payment has been administered dependent on the Credit Card Company and technique of compensation engaged. The balance can be negative, positive or zero liable on if money is owed if a compensation more than the balance was made or the balance was compensated in complete.
6 0
3 years ago
Read 2 more answers
__________This import tax was meant to replace the earlier "Tariff of Abominations", but it was widely disliked by southern merc
mrs_skeptik [129]

Answer:

Tariff of 1832

Explanation:

The Tariff of 1832 was enacted to replace the 1828 import tariffs commonly known as Tariffs of Abomination. Most southern states did not like it, but its greatest opposition came from South Carolina since its economy depended greatly in foreign trade. Back then America's largest export was cotton produced by southern states.

Due to South Carolina's extreme opposition, it was replaced by the Compromise Tariff of 1833. This last tariff would gradually decrease the tax rates until they fell back to 1816 levels, which was approximately 20%.

The Nullification Crisis refers to a legal process carried out in South Carolina that determined that federal taxes, specifically import tariffs were unconstitutional and shouldn't apply to them. The problem is that the Supreme Court decides what is unconstitutional or not, not a state court.

7 0
3 years ago
HELP HELP!!!!!!!!!!!!! How did the American public react to the early labor unions? A. with anxiety that unions might pursue soc
lozanna [386]

D. With anger that workers would dare to challenge buisness owners.

7 0
3 years ago
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