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Sergeu [11.5K]
3 years ago
10

Travis borrowed $10,000 four years ago at an annual interest rate of 7 percent. The loan term is six years. Since he borrowed th

e money, Travis has been making annual payments of $700 to the bank. Which type of loan does he have? One of these is the answer:
a. Interest-only
b. Pure discount
c. Compound
d. Amortized
e. Complex
Business
1 answer:
likoan [24]3 years ago
5 0

Answer:

The answer is A

Explanation:

The loan is an interest only loan since he is only paying the interest potion of 7%

Interest only loan is when the borrower pays only the interest for some or all the term of the loan with no changes in the borrowed amount

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The cost of debt capital for a firm . a. is equal to the current yield (not YTM) on the firm’s outstanding bonds b. can be calcu
topjm [15]

Answer:

d. can be estimated even if the firm’s bonds are not publicly traded, by looking at the yield to maturity on bonds outstanding from peer group firms with similar ratings and maturity

Explanation:

The cost of Debt for a firm is estimated even if the firm's bonds are not publicly traded, by looking at the yield on bonds outstanding from peer group firms with similar ratings and maturity.

3 0
3 years ago
An economy where trade is encouraged and not monitored by the government is called a
Jet001 [13]

Based on the principle of trade, correct answer is <u>b. free enterprise economy</u>

<h3>Free enterprise economy</h3>

  • The free enterprise economy is an economic system that is based on demand and supply with no government influence or control.

In conclusion,we can conclude that free enterprise economy is the correct answer

Learn more on Free enterprise economy here: brainly.com/question/3369578

8 0
3 years ago
The expectation of a fair exchange of employment obligations between an employee and employer is called?
Nesterboy [21]

The expectation of a fair exchange of employment obligations between an employee and employer is called the psychological contract.

<h3>What is the psychological contract?</h3>
  • A psychological contract, a concept developed in contemporary research by organizational scholar Denise Rousseau, represents an employer's and an employee's mutual beliefs, perceptions, and informal obligations.
  • It establishes the dynamics of the relationship and defines the specifics of the work to be done.
  • It differs from the formal written employment contract, which, for the most part, only identifies mutual duties and responsibilities in broad strokes.
  • The psychological contract refers to the expectation of a fair exchange of employment obligations between an employee and an employer.
  • A psychological contract is defined as a philosophy rather than a formula or predetermined plan.
  • Characteristics of a psychological contract include respect, compassion, objectivity, and trust.

Therefore, the expectation of a fair exchange of employment obligations between an employee and employer is called the psychological contract.

Know more about the psychological contract here:

brainly.com/question/14937468

#SPJ4

8 0
2 years ago
The store where you bought new home furnishings offers you two alternative payment plans. The first plan requires a $4,000 immed
blondinia [14]

Answer:

The nominal annual interest rate is built into the monthly payment plan is 14.4%

Explanation:

E = P×r×(1 + r)n/((1 + r)n - 1)

where:

E is the EMI

p is the Principal

r is the nominal rate

n is the number of periods

$137.41 = $4,000*r* (1 + r)36/((1 + r)^36 -1)

           r = 14.4% P.A

Therefore, The nominal annual interest rate is built into the monthly payment plan is 14.4%

8 0
3 years ago
A number of top fashion-modeling agencies would most likely be charged with ________ for jointly determining what commissions th
ololo11 [35]

Answer:

The answer is Price fixing.

Explanation:

number of top fashion-modeling agencies would most likely be charged with Price fixing for jointly determining what commissions they charge for models.

7 0
2 years ago
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