<span>The correct answer is B. Federal student loan. Both A & C (so answer D, too), that is payday and private loans, as they aren't issued by the government but by banks, require higher than standard interest rate. A. Payday loans are short-term, unsured loans which are actually considered a risky trap by many, with interest rates (in some incredible cases) reaching 60%, 300%, 700%. C. Private loans are safer than payday loans, but still much more expensive than federal ones, with an interest rate of even more than 18%.</span>
Possibly that pay is too high?
Answer:
that's good lol, keep it up
Answer:
The amount of cash paid for intrest expense during the year was $ 41.500.
Explanation:
Cash paid for interest expense = bond interest expense + Decrease in premium on bonds payable account
= $ 40,000 + $ 1,500
= $ 41,500
Therefore, the amount of cash paid for intrest expense during the year was $ 41.500.
Answer:
Universal Life Insurance
Explanation:
The key characteristics of universal life insurance are:
- A lump sum is paid as premium at an initial stage
- It is a flexible form of insurance where the insured can elect how much premiums he / she pays, and also the death benefits they receive.
- Policyholders may access a portion of the accumulated cash value without affecting the guaranteed death benefit
From the question,
- Kurt paid a lump sum of $3,000 which is his initial cost of insurance.
- Kurt also has the flexibility of choosing the premiums he pays regularly.
- Kurt also has the ability to accumulate a cash value and access a portion of it
These key indicators show that Kurt is on a universal life insurance plan