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likoan [24]
3 years ago
8

Casey is considering taking out a 30-year loan with monthly payments of $205 at an APR of 1.9%, compounded monthly, and this equ

ates to a loan of $56,220.01. Assuming that the APR and the length of the loan remain fixed, which of these is a correct statement?

Business
2 answers:
Sergio [31]3 years ago
4 0

So logically, without doing any math, you can look at the answers and see which is the correct answer.

So we are told that rate and term stay the same.

So if you make lower payments but make the same number of payments, the total amount of payments would be LESS than the original loan.

If you make higher payments, the amount of the loan would be MORE.

Look for the answer that meets this criteria.

Kipish [7]3 years ago
4 0

Answer:

A, monthly payments of $195

Explanation:

You might be interested in
Let’s say your friend wants to invest all of her saved money into ONE individual stock. Is this a good idea? Why or why not?
OverLord2011 [107]

This is not a good idea as stocks are volatile.

Explanation:

One must never invest a lot of money in only one stock as the stocks are wont to change over time and gain or lose value.

If one wants a long term investment with at least some amount of safety they must be investing in stocks that grow consistently and then to break up the capital in small chunks and then invest them.

All of these can be invested in different shares in the market and then the shares would be more safe.

Even if one or two shares fall the others will be safe.

3 0
3 years ago
Pippin Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing o
Ede4ka [16]

Answer:

920 (Unfavorable)

Explanation:

Labor rate variance = Actual direct labor hours (Actual direct labor rate - Standard direct labor rate)

Labor rate variance = 2,300 * ($21.7 - $21.3)

Labor rate variance = 2,300 * 0.4

Labor rate variance = 920 (Unfavorable)

6 0
3 years ago
If the total utility from consuming the fifth unit of a product is 6 and the total utility from all five units is 162, then the
mylen [45]

Answer:

b) 156

Explanation:

Total utility is the total amount of satisfaction received by a consumer after consuming a given quantity of a product or service. In this question there is the total utility of five product.

Total utility = 162

utility of fifth product = 6

Total utility of other four products = Total utility - utility of fifth product

Total utility of other four products = 162 - 6 = 156

4 0
3 years ago
Miracle Green Corporation operates two garden supply stores: A and B. The following information relates to store A: Sales revenu
Volgvan

Answer:

A's segment profit margin is: $151,000

Explanation:

<u>Calculation of A's segment profit margin</u>

Sales revenue                                               $ 810,000

Less Variable operating expenses             ($319,000)

Controllable Contribution                             $491,000

Less Fixed expenses:

Traceable to A and controllable by A        ($230,000)

Traceable to A and controllable by others ($111,000)

Profit Margin                                                  $151,000

8 0
3 years ago
If investors are risk averse and hold only one stock, we can conclude that the required rate of return on a stock whose standard
telo118 [61]

Answer:TRUE

Explanation: Standard deviation is the rate of spread of numbers or values around the Mean of the numbers or values, it can also be described as the square root of the variance of a set of numbers or values. In financial analysis, the rate of return is the amount net income of a business entity over a given period of time. A risk averse investor is an investor who will try as much as possible to avoid risk even with high profit investment.

So for a risk average person to take on the investment with higher standard deviation it means the rate of return will be Higher.

6 0
3 years ago
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