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enot [183]
3 years ago
10

You need $25,000 today and have decided to take out a loan at 7 percent for five years. Which one of the following loans would b

e the least expensive, in the sense that the total interest you pay would be the least? Assume all loans require monthly payments and that interest is compounded on a monthly basis.
Business
1 answer:
irina1246 [14]3 years ago
4 0

Answer:

Amortize loan woul´d be the best loan

Explanation:

Even though there are no options in the question, the amortize loan coul´d be the best loan, with equal principal payments.

This one is a scheduled periodic payments that are applied to both principal and interests.  This one first pays off the relevant interests expense for the period, and then the payment reduces the principal

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The annual salary for each of these offers is probably:

lowest at the high school

in the middle at the bank

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A special surveillance and rescue team is being deployed to counter the menace of pirates in the Indian Ocean. Nick, Sid, Leah,
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cohesion

Explanation:

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3 years ago
What is economic of skill ​
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6 0
3 years ago
Jose received $550 for his birthday from his family. He wishes to buy a motorcycle and decides to use his birthday money towards
vladimir2022 [97]

Answer:

$619.75

Explanation:

This is a problem of future value with compounded interest.

The equation that describes the future value of an amount (P) deposited for a period of 'n' years at an annual rate (r) compounded quarterly is:

FV = P*(1+\frac{r}{4})^{4n}

For a $550 investment at 4% per year for 3 years, the future value is:

FV = 550*(1+\frac{0.04}{4})^{4*3}\\FV=\$619.75

In 3 years, Jose will have $619.75 available towards the down payment for his motorcycle.

8 0
3 years ago
The drought of 2011 devastated hay crops in the plains states and horse owners ranged far and wide to purchase hay for their hor
igor_vitrenko [27]

Answer:

The options are given below:

A. $10.

B. $4.

C. $6.

D. $11.

The correct options is D.

Explanation:

Landed cost refers to the total price of a product or shipment once it has arrived at a buyer's doorstep. It includes the original price of the product, the transportation fees (both inland and ocean), customs, duties, taxes, tariffs, insurance, currency conversion, crating, handling and payment fees.

Therefore, in calculating the landed cost of the question above, we sum all the costs incurred thus:

Purchase price = $4

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Landing cost = $4 + $6 + $1 = $11.

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3 years ago
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