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Keith_Richards [23]
3 years ago
13

When you are shopping for a loan, the __________ is the important rate to compare.

Business
1 answer:
MrRa [10]3 years ago
7 0
When you are shopping for a loan, the ANNUAL PERCENTAGE RATE is the important rate to compare. This is because, comparing the annual percentage rate is the best way to accurately determine the loan that will cost you more in the long run.
You might be interested in
1.) The PERCENTAGE of interest or dividends earned on money that is invested
EastWind [94]

Answer:

Rate of return.

Explanation:

Rate of return can be defined as the percentage of interest or dividends earned on money that is invested.

In Financial accounting, a return refers to the amount of profit generated by an investor on an investment over a specific period of time.

Basically, the rate of return which is typically expressed as a percentage of the initial costs of an investment can either be a gain or a loss on an investment. Therefore, a positive rate of return on an investment over a specific period of time, simply means that an investor is making a profit (gains) while a negative rate of return on an investment over a specific period of time, indicates that the investor is running at a loss.

Hence, the rate of return is used as a long-term decision-making tool to determine whether or not an investment is worth it.

5 0
3 years ago
A Rhode Island company produces communion wafers for churches around the country and the world. The little company produces a lo
Furkat [3]

Answer:

80,640 wafers

Explanation:

Calculation to determine How many wafers does the cooling tube hold on average when in production

Using this formula

I = R x T

Where,

R = 112 wafers per second x 60

R = 6720 wafers per minute

T = 12 minutes

Let compute for I using the formula aboi

I = 6720 x 12

I = 80,640 wafers

Therefore How many wafers does the cooling tube hold on average when in production are 80,640 wafers

6 0
3 years ago
Which of the following is something a "smart pick list" does NOT help pickers do?pick materials based on order of deliverypick m
brilliants [131]

Answer:

physically lift heavy items

Explanation:

pick materials based on order of delivery <em>(that makes sense so you know when everything comes in)</em>

<em />

<em>pick materials based on due date (that makes sense so you how to plan and order everything to line up right)</em>

<em />

pick materials using a pre-programmed, efficient route<em> (that makes sense so you have a guide! You won't have to stress this way and it's seems simple.)</em>

<em />

physically lift heavy items <em>(that doesn't makes sense if they're heavy you'll be wasting your time fighting up with it. Have people help do that.)</em>

4 0
3 years ago
you are a euro-based portfolio manager and you have invested in the technology sector of the U.S. stock market. You want to keep
yanalaym [24]

Answer: You enter into Euro/USD forward contract.

Explanation:

Based on the information given in the question, the best way to manage the dollar currency risk is to enter into Euro/USD forward contract.

A forward contract is a contract between two parties whereby an asset is being bought it sold at a particular price in the future. It should be noted that forward contract is good for speculations.

4 0
3 years ago
Problem 9-1 Comparing Renting and Buying [LO9-2] Rental Costs Buying Costs Annual rent $ 7,380 Annual mortgage payments $ 9,800
s2008m [1.1K]

Answer:

        Computation of Rental Costs

Particulars                                        Amount

Rent                                                      $7,380

Insurance                                             $145

Loss of Interest on Security Deposit  <u>$39     </u>  ($650*6%)

Total Rental Costs                               <u>$7,564</u>

         Computation of Buying Costs

Particulars                                        Amount

Annual Mortgage Payments              $9,800

Taxes, Insurance and Maintenance  $2,830 ($1,050+$1,780)

Loss of Interest on Down Payment   $270 (4,500*6%)

Growth in Equity                                -$225

Annual Appreciation                         -$1,700

Mortgage Interest Tax Savings        -$2,681 (9,575*28%)

Tax Savings from Property Taxes    -<u>$498  </u> (1,780*28%)

Total Buying Costs                            <u>$7,796</u>

<u />

b. Based on the cost criteria, i would recommend renting as it results in lesser cost

5 0
3 years ago
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