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
Schach [20]
3 years ago
8

When calculating the Annual Percentage Rate, it is important to consider

History
1 answer:
marusya05 [52]3 years ago
7 0

When calculating the Annual Percentage Rate, it is important to consider all the above.

Option d

<u> 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:  

APR = 2 \times \frac{\frac{Number\ of\ Payments}{Year} \times Total\ Finance\ Charges }{Original\ Loan\ Proceeds\ \times Total\ Number\ of\ Payments\ +\ 1}

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.

You might be interested in
How could a cataract serve as a natural protective barrier
Keith_Richards [23]
The main way in which a cataract can serve as a natural protective barrier is by reducing the amount of UV radiation that enters the eye from sunlight, which is also why it can lead to blindness, however. 
4 0
4 years ago
Question 1 of 10
suter [353]

Answer:

A - Backed by real wealth

4 0
4 years ago
Read 2 more answers
Help me with the croods 2 pls
zzz [600]

Answer:

Explanation:

2. the croods are caveman and the bettermans are humans i think

6 0
3 years ago
Which belief system did the Qin dynasty follow?
arlik [135]

Answer:

Legalism

Explanation:

good luck :)

8 0
3 years ago
which five countries became permanent members of the newly established united nations security council after wwii? a. the united
Gre4nikov [31]

Which countries were made permanent members of the UN’s Security Council in 1945? Select all that apply.

1] United States

2] Germany

3] Japan

4] Italy

5] Soviet Union

6] France

7] Great Britain

8] China

THE ANSWER IS 1,5,6,7&8 for edgen

3 0
4 years ago
Other questions:
  • What is the difference between an immigrant and a refugee?
    15·1 answer
  • What is Stem cell ?
    13·2 answers
  • Select two groups from the Mayans, Aztecs, and Incas, and compare how they built complex governments.
    13·2 answers
  • How did German unrestricted use of submarine warfare impact the Allies and United States?
    10·1 answer
  • 5) What happened in November 1917 when the government of the Russian Empire under Czar Nicholas was taken over by the Bolsheviks
    15·1 answer
  • 36. A key principle for the government that divides power among the three branches of
    6·1 answer
  • Question 14(Multiple Choice Worth 3 points)
    13·1 answer
  • Which of these people would argue in favor of the elimination of the Carolina parakeet in Florida due to damage of their product
    15·2 answers
  • Answer this for brainiest award
    7·1 answer
  • Which of the following elements of the US Constitution has its roots in the English Bill of Rights?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!