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
QveST [7]
3 years ago
11

The smallest amount you must pay each month on a loan is called the A. annual percentage rate B. annual fee C. minimum finance c

harge D. minimum monthly payment SUBMIT​
Business
1 answer:
miv72 [106K]3 years ago
7 0

Answer:  D. minimum monthly payment

Explanation:

The minimum monthly payment is the lowest that a person should pay per month on a loan, particularly that of a credit card, if they do not want to be ruled as being in default.

The advantage of this is that the person will still be in good standing with the creditor meaning that they have not defaulted (really bad for credit score). Disadvantage is that the loan interest will be higher as it is based on a larger balance than had the person paid more.

You might be interested in
A stock you own earned: $200, $500, $100, and $700 over the last four years. What was the mean annual gain in value over the fou
ira [324]

Answer:

$375

Explanation:

200+500+100+700= 1,500

1,500/4=375

7 0
3 years ago
Read 2 more answers
How many times will interest be added to the principal in 1 year if the interest is compounded quarterly? A. 6 B. 12 C. 4 D. 3
nadezda [96]

Answer:

How many times will interest be added to the principal in 1 year if the interest is compounded quarterly?  C. 4

Explanation:

Compounding means at the end of every term, the interest adds up to the Principal Amount. Compounded quarterly means, you do it for every three months. So after every three months, your interest will be added to principal.

7 0
3 years ago
Beer Corporation had net income of $216,000, and paid dividends to common stockholders of $43,000 in 2017. The weighted average
Zepler [3.9K]

Answer:

21 times

Explanation:

Calculation to determine Beer Corporation's price earnings ratio

First step is to get Calculate the Earning per share ( EPS)

EPS=$216,000 ÷ $58,500

EPS= $3.69

Now let calculate the price earnings ratio

Price earnings ratio= $79 ÷ $3.69

Price earnings ratio= 21 times

Therefore Beer Corporation's price earnings ratio is 21 times

6 0
3 years ago
Your uncle has $340,000 invested at 7.5%, and he now wants to retire. He wants to withdraw $35,000 at the end of each year, star
timama [110]

Answer:

17.27 years

Explanation:

For this question we use the NPER formula that is shown on the attachment below:

Provided that  

Present value = $340,000

Future value = $25,000

PMT = $35,000

Rate of interest = 7.5%

The formula is shown below:

= NPER(Rate;PMT;-PV;FV;type)

The present value come in negative

So, after solving this, the number of year is 17.27 years

5 0
3 years ago
IBM has just issued a callable (at par) 10 year, 6% coupon bond with annual coupon payments. The bond can be called at par in on
Andrew [12]

The bond can be called at par in one year or anytime thereafter on a coupon payment date. Ithas a price of $97 per $100 face value

<h3>What is bond?</h3>

A bond is a type of financial security in which the issuer owes the holder a debt and is obligated to repay the principal of the bond as well as interest over a specified period of time, depending on the terms. Interest is usually paid at regular intervals.

Bonds are one way for businesses to raise funds. A bond is a loan made between an investor and a corporation. The investor agrees to give the corporation a specific sum of money for a set period of time. In exchange, the investor receives interest payments on a regular basis.

To know more about bond follow the link:

brainly.com/question/25965295

#SPJ4

8 0
1 year ago
Other questions:
  • You have been hired by the No Hassle Collection Agency to provide economic advice. The owner of the agency tells you that No Has
    10·1 answer
  • What are three elements that can be shared by subdocuments in a master document?
    11·1 answer
  • Clay's fishing shop's beginning inventory is $70,000 and ending inventory is $36,500. what was clay's average inventory?
    11·1 answer
  • Which life insurance policy provision prohibits a beneficiary from "commuting, encumbering, withdrawing, or assigning" any porti
    7·1 answer
  • Frank has just completed a study in which he gave a survey to each of 7,000 employees and their supervisors in a large bank. His
    7·1 answer
  • Assume you’ve got terrific credit: What would be your likely APR for purchases or balance transfers?
    7·1 answer
  • Which of the following are good workplace writing
    8·1 answer
  • An airport in Japan is planning to purchase a parcel of land for building additional executive hangars in five years. The price
    14·1 answer
  • An example of a country's businesses spending on capital when calculating the GDP using the expenditures approach is _____.
    10·2 answers
  • What allows a customer to customize their own travel package​
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!