When calculating the Annual Percentage Rate, it is important to consider all the above.
Option d
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Explanation:</u>
APR provides for a clear view of the actual cost of the borrowing that one might undertake. It gives an annualized value of not just the interest charged but also include the fee(s), if any, related to the borrowing directly, giving a holistic view of the expense related with the borrowing.
APR on different types of borrowings is calculated differently. For instance, in calculating APR for a loan, the basic formula is:
The purpose of APR is to make the choice of the borrower easier and economically more feasible between whether he/she wants to go for the borrowing with higher fee and lower rate or higher rate and lower fee.
The 1930’s is the time where Great Depression took place. In
that time, stock market crashed, unemployment went to the top, banks raced to liquidate
loans to cough up cash to sustain bank runs, and many banks closed. It resulted
to economic hardship to people in rural and city areas, most especially among
agricultural and factory workers. Huge numbers of people lost their jobs, while
those who still have jobs face very uncertain future. The Communist Party USA have
attractive platforms like more power for workers and for the common man. Therefore,
membership of the Communist Party USA swelled to about 55,000 in the 1930s.
One way in which humanism contributed to the Scientific Revolution was that "<span>Humanism inspired the idea that knowledge could be gained through the evidence provided by human senses and reasoning," since a great deal of focus was taken away from the Church during this time. </span>
The Cold War asked the question in which the general public as well as the government decided where to draw the line in between a person and their own personal freedom & <em>personal space</em>, and the general public's safety. The Cold War saw extensive usage of spies and espionage, as well as counter-espionage tactics that included surveillance, counter wire-tapping, etc. With the government listening to almost everything a citizen says, it took away the sense of privacy. The trend is seen even today, where the US government's past record & capability to continue surveillance of the general public makes many wonder whether or not they really have "freedom".
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