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iris [78.8K]
3 years ago
12

Yvette is considering taking out a loan with a principal of $16,200 from one of two banks. Bank F charges an interest rate of 5.

7%, compounded monthly, and requires that the loan be paid off in eight years. Bank G charges an interest rate of 6.2%, compounded monthly, and requires that the loan be paid off in seven years. How would you recommend that Yvette choose her loan?
a.
Bank F offers a better loan in every regard, so Yvette should choose it over Bank G’s.
b.
Yvette should choose Bank F’s loan if she cares more about lower monthly payments, and she should choose Bank G’s loan if she cares more about the lowest lifetime cost.
c.
Yvette should choose Bank G’s loan if she cares more about lower monthly payments, and she should choose Bank F’s loan if she cares more about the lowest lifetime cost.
d.
Bank G offers a better loan in every regard, so Yvette should choose it over Bank F’s.
Business
1 answer:
Akimi4 [234]3 years ago
4 0
A interest rates is lower payments lower cost over all is lower based ion rate.<span />
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Jacob chose to spend the afternoon swimming rather than going to the movies. any value given up from not going to the movies is
quester [9]

Any value given up from not going to the movies is the <u>"opportunity cost".</u>


Opportunity costs represent the advantages an individual, speculator or business passes up while picking one option over another. While money related reports don't demonstrate opportunity cost, entrepreneurs can utilize it to settle on taught choices when they have various alternatives previously them. Since they are concealed by definition, opportunity expenses can be neglected in the event that one isn't cautious. By understanding the potential botched chances one renounces by picking one venture over another, better choices can be made.  


4 0
3 years ago
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You are offered a chance to buy an asset for $5,250 that is expected to produce cash flows of $750 at the end of Year 1, $1,000
jeyben [28]

The rate of return I would earn if you bought the asset is 16.91.

<h3>What is the internal rate of return?</h3>

Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested. It is a capital budgeting method.

IRR can be calculated with a financial calculator

  • Cash flow in year 0 = $-5250
  • Cash flow in year 1 = $750
  • Cash flow in year 2 = $1000
  • Cash flow in year 3 = $850
  • Cash flow in year 4 = $6250

IRR = 16.91%

To learn more about the internal rate of return, please check: brainly.com/question/24172627

8 0
2 years ago
The American Red Cross creates advertisements to encourage people to donate blood. After viewing one, Amanda decided to donate a
agasfer [191]

Answer:

The answer is: Yes, an exchange was made.

Explanation:

In marketing, an exchange happens every time two or more entities (people. organizations or businesses) trade products or services. Each trade should result in a utility created for each party involved. In other words, what you get in exchange is worth more (at least for you) than what you give.

In Amanda's case, an exchange is made because she donated blood and received a feeling of satisfaction and happiness in exchange.

4 0
3 years ago
During World War II, both Germany and England had plans for a paper weapon: they each printed the other's currency, with the int
Katarina [22]

Answer:

Relative prices would become more variable.

Menu and shoeleather costs would rise.

Hyperinflation could undermine the public's confidence in the economy.

Explanation:

The first reason that would make this to be effective is the hyperinflation that it will create and this is very bad for the economy as too much money will be chasing fewer goods.

Examples of what the effect of a paper money would be include: extreme hyperinflation can reduce the confidence of the public in the economy and economic policy; variability of the relative price between the countries will rise; shoeleather and menu costs will rise; it will result in an arbitrary change in tax liability; the level of uncertainty in the economy will rise and there will be an arbitrary wealth redistribution.

it should be noted this action would not deny the government seigniorage revenue from the inflation that would follow as the public will get the money dropped by the foreign airplanes.

3 0
3 years ago
Products or services that may be sought as alternative solutions-such as purchasing tax planning software rather than paying a C
Mamont248 [21]

Answer:

The answer is substitute products.

Explanation:

Substitute products are defined as two or more products that can be used for the same function for the same consumer. We can say that the tax planning software is a form of substitute product since it provides the same function that a certified public accountant also does. Buyers product refer to good made by manufacturers that are sourced by buyers to be sold by a distribution company. Competitive alternatives have no specific meaning exclusive to the term; the same applies to rivalry products.

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3 years ago
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