Answer: Advertising seeks to appeal to a mass audience with a uniform message.
Explanation:
Answer:
$8750.87
Explanation:
This is compound interest problem. The formula used to solve this would be:
Where
F is the future value (what we want, after 3 years)
P is the initial value (given 6900)
r is the rate of interest per period
here, 8% per year, so 8/4 = 2% per period (since compounded per quarter)
t is the time (3 years and compounding per year so times of compounding is 3*4 = 12), so t = 12
Substituting, we get our answer:
<u>There will be about $8750.87 at the account at the end of 3 years!</u>
Answer:
D) Annual Percentage Rate
Explanation:
The APR is often expressed as the percentage (%). The annual percentage rate (APR) is an attempt to calculate the principal debt you pay during the period (in this year) by taking into account every installment, prepayment, and so on. Annual Interest Rate (APR) is an annual rate for borrowing or investing. APR is expressed as a percentage of the actual annual value of the loan over the term of the loan. This includes any transaction fees or overhead, but is not taken into account significantly. Because loans or loan agreements can vary in terms of interest rates, operating fees, late penalties and other factors, a standard computation such as APR provides borrowers with a bottom line that they can easily compare with interest rates charged by other lenders.
Late fees, also known as overdue fines, late fines, or overdue fees, are charges that a company or organization has not paid a debt on time or has leased or repaid a loan. Late payments are usually calculated on a per-item basis.
Annual Membership Fee means an annual membership fee or similar payment in connection with a Credit Card Agreement. Annual payments are one of the most common of all credit card fees. It is your provider's right to automatically charge your account once a year for the benefits that come with this credit card.
The balance transfer fee is a charge which charged when you transfer a credit card debt from one card to another. Balance transfer fees are common for credit cards offering low entry interest rates. Consumers considering a balance transfer should calculate the total cost of the current debt over time, without accepting a proposal and paying it off.
Answer:
77.27% or
(17/22)%
The loan will accepted
Explanation:
property value 550,000
haircut 125,000
550,000 - 125,00 = 425,000 mortage value
425,000/550,000 = 77.27% = (17/22)%
The ratio is below the cutoff, so it is within the boundaries the lender expect. The loan will be given.
Answer: Paper Forms
Reason: Process of Elimination and Educated Guess (Also, I just learned this)
