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Darya [45]
2 years ago
13

Three examples of when interest rates are bad for you​

Business
1 answer:
Elis [28]2 years ago
4 0

Answer:

Below you will find three examples of when the interest rate is bad for you:

  1. Credit cards interest rate
  2. Overdraft interest rate
  3. Default or late payment interest rate

Explanation:

1. Credit cards interest rate: When you purchase a good or service with your credit card you must pay the price of it plus an interest rate.  

2. Overdraft interest rate: When you are overdraft in your current account you must pay an interest rate for the mount overdrawn

3. Default or late payment interest rate: When you make a late payment or fail to pay an installment in your credit you must pay a fee calculated in an additional interest rate,  

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A dividend preference for preferred stock means that:_________A. Dividends must be declared on preferred stock. B. Preferred sha
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D. Preferred stockholders are allocated their dividends before dividends are allocated to common shareholders.

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Before declaring dividend on common shares, it is always necessary for the company to pay dividends on preferred shares and dividends are declared when there are sufficient profits.

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Which is the BEST definition of marginal benefit?
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the possible income from producing an additional item.

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hope this helps if not let me know

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2 years ago
Kaleb wants to get a payday loan in the amount of $375. He knows that the annual percentage rates (APR) for these types of loans
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It would take 95 days for Kaleb to get his desired APR.

Since Kaleb wants to get a payday loan in the amount of $ 375, and he is hoping to find one that has an APR of 40%, if Kaleb finds a business that charges a fee of $ 37 for the loan, to determine what the term of the loan need to be in order for Kaleb to get his desired APR, the following calculation must be performed:

  • APR = 37/375 x 365
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  • 131.4 = X
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Therefore, it would take 95 days for Kaleb to get his desired APR.

Learn more in brainly.com/question/19115876

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