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stepladder [879]
4 years ago
14

Assuming all APRs equal, the effective interest rate on a loan is highest when:

Business
1 answer:
arlik [135]4 years ago
5 0

Answer:

Points are charged and the loan has a 30 year maturity but prepaid in five years

Explanation:

When you purchase points to lower your monthly mortgage payments, the bank (or lender) sell them calculating a 30 year payment schedule. If you pay the loan in a shorter period, it means that the points were sold at a very high price o you actually end up paying higher effective interest rate. That without even considering any possible prepayment penalties. But sometimes knowing that your mortgage is paid lowers your stress and it may be worth it from a personal (not financial) point of view.

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Equilibrium levels of income and interest rates are ______ related in the goods and services market, and equilibrium levels of i
adelina 88 [10]

Answer:

D) negativity, positively

Explanation:

Equilibrium levels of income and interest rates are negatively related in the goods and services market because an equilibrium in interest and income will mean less goods and services and equilibrium levels of income and interest rates are positively related in the market for real money balances because an equilibrium in income and interest will lead to an increase in real money balances

4 0
3 years ago
Flexo Trucking Company transports hazardous waste. Garn is a Flexo driver, whom the company knows drives longer hours than feder
SCORPION-xisa [38]

Answer:

They shown reckless behaviour towards hull city resident

Explanation:

Flexo is a trucking company which transports hazardous material from one place to another. In doing so, they used Garn who drives longer hours and due to that, he exceeded the speed limit and had the accident. In this scenario, Flexo acted unethically because they have shown reckless behaviour towards hull city resident. This is an unethical practice which they must avoid future contamination and losses.

8 0
4 years ago
Name one alternate option to establish credit if you are unable to get a credit card.
katen-ka-za [31]

Answer:

Option D            

Explanation:

Shop credit cards have similar functions as conventional credit cards. Through the account you make payments that can be paid out over period. Most retailers may provide rewards if you place an order with the credit card, or they can provide bonuses such as extra time back for your next order.

       Yeah, in general words. Department stores cards appear to be safer than other unsecured loan cards issued by large credit card providers to just get accepted for. A discount card is not only affecting your ratings but plummeting your credit use. If you file for fresh credit, once the lender takes one of any credit files you usually get slapped with a rough request.

8 0
3 years ago
Read 2 more answers
A product's purchase cost plus the discounted cost of maintenance and repair less the discounted salvage value gives the _______
CaHeK987 [17]
<span>I believe the answer for you question would be life-cycle</span>
4 0
4 years ago
Government-regulated maximum rent levels are an example of what? A. price floors B. public good C. rationing D. price ceilings
OLga [1]

D. Price ceiling

This is a government regulation that establishes a maximum price for a specific thing.

3 0
3 years ago
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