1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Paha777 [63]
4 years ago
7

The concept of​ "Power Payments" will help you repay your loans faster and reduce your total interest payments. Consider a situa

tion where you have 3​ loans:
Loan A has a loan payment of​ $500/month and an interest rate of​ 5% APR;
Loan B has a payment of​ $200/month and an interest rate of​ 3% APR;
Loan C is a credit card with a payment of​ $300/month and interest rate of​ 18% APR.
You just made the final payment on your auto loan​ (Loan A). ​ Yahoo!! What should you do with the​ $500/month payment that you no longer have to pay on Loan A if you want to reduce your loans as fast as​ possible?
Business
1 answer:
NeX [460]4 years ago
6 0

Answer:

You should pay loan C since it does not only represent the largest monthly payment, but it also has the highest APR. The sooner you pay your credit card balance (loan C) the better.

On the other hand loan B has a smaller monthly payment and a much lower APR.

You might be interested in
An investor is currently holding income bonds, preferred stocks, subordinated debentures, and u.s. treasury bonds. which of thes
Andreyy89

Answer: U.S Treasury bonds

One of the main risks of investing is the risk of not getting back the amount invested. This risk is called default risk.

Income bonds, preferred stocks and subordinated debentures have default risk since there is no guarantee by the issuing companies that they will repay the principal, and interest or preferred dividends, as the case may be.

However, if an investor holds a U.S treasury bonds until maturity, the government gives a guarantee on the interest payment and principal amount. Hence the U.S treasury bonds are traditionally considered to have the least risk.

However, even U.S. treasury bonds are sensitive to inflation and interest rates.

8 0
3 years ago
After Hayworth Publishers realized that it was incurring losses, it set new objectives. These objectives were to increase revenu
ella [17]

Answer:

PLANNING

Explanation:

Planning is the management function and process of thinking about the activities required to achieve a desired goal.

It is the first and foremost activity to achieve desired organizational results.

It involves the creation and maintenance of a plan, such that if the plan is followed, organizations can achieve their goals

Planning is also a management process, concerned with goal definition for a company's future direction and determines the resources to achieve such goals. To achieve goals, managers may develop plans, such as a business plan, sales plan or a marketing plan

6 0
3 years ago
Outlines five roles of the safety and health representatives by securing the work environment
irakobra [83]

Answer:

employee training; protection for workers from potential hazards; and communication about hazardous accidents, should they occur.

Explanation:

7 0
4 years ago
Most managers get very little uninterrupted time to work on their priority tasks.
Pavlova-9 [17]
True.

This is because managers are responsible for the overall performance of a branch and its personnel. Managers have people under their supervision and any problem that may arise in the course of a business day, they have to deal and solve in as little amount of time as possible.


8 0
4 years ago
Read 2 more answers
As a measure of economic welfare, gross domestic product underestimates a country's production of goods and services when there
Luda [366]

Answer:

Household Production

Explanation: GDP(Gross Domestic product) is a Macroeconomic concept used to estimate or determine the monetary value of all the goods and services rendered within an Economy in a given period. Gross Domestic product usually underestimates the value of the services or household productive activities such as BABY SITTING etc which are parts of economic welfare activities taking place within an Economy as it is not effectively and adequately captured or considered in its calculations.

3 0
3 years ago
Other questions:
  • This question was made by mistake, please ignore lol.
    6·2 answers
  • Aces Inc., a manufacturer of tennis rackets, began operations this year. The company produced 6,000 rackets and sold 4,900. Each
    10·1 answer
  • In the process of getting acquainted, John and his new co-worker Bill have discovered they have different tastes in music and bo
    12·1 answer
  • A group of people or companies with a shared set of characteristics and needs or desires is called what?
    12·1 answer
  • 8. Short-run and long-run effects of a shift in demand Suppose that the shrimp industry is in long-run equilibrium at a price of
    13·1 answer
  • The trial balance for K and J Nursery, Inc., listed the following account balances at December 31, 2021, the end of its fiscal y
    13·1 answer
  • The federal reserve's target rate for the federal funds rate is an extra policy tool for the central bank, in addition to and in
    15·1 answer
  • Doug wants to buy a car in two months, but does not have enough money. What is the best way for Doug to get the money he needs?
    10·2 answers
  • auguste is mentoring parul, a younger colleague, in how to be a better business writer. as parul was writing her last memo, she
    10·1 answer
  • the management of the bst inn estimated that they can generate $182,000 and $190,000 in room revenues in 2010 and 2011 respectiv
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!