Answer:
The variable rate loan term best describes this loan.
Explanation:
In these type of loans variable interest rate is charged. A variable interest rate is a floating interest rate on a loan or security (bonds,debentures) that changes over time because it is based on an underlying benchmark interest rate or index that changes periodically. So the interest payment fluctuates with change in benchmark.
The advantage of a variable interest rate is that if the underlying interest rate or index falls down, the borrower’s interest payments also decrease. Accordingly, if the underlying index rises, interest payments increase.
Answer:
c. temporal discounting.
Explanation:
When discounting the 1,200 from factors like risk and other possibilities the consumers consider to not trade with the bee factory. This is a serious reputation harm that may be solved over time.
Now, finnancially speaking, when people discount the check the person will do math in their heed to compare with the 1,000 dollars today and 1,200 in the future.
Answer:
The correct answer is (a)-Fourth National Bank made an assignment.
Explanation:
Assignment means the transfer of any existing or future right, property or debt from one person to another.
The person who assigns the property is called "transferor" and the person to whom it is transferred is called "assignee".
Usually, the assignments are made from actionable claims such as book debts, insurance claims, etc.
Answer:
THE EFFECTS OF TECHNOLOGICAL CHANGE on the global economic structure are creating immense transformations in the way companies and nations organize production, trade goods, invest capital, and develop new products and processes. ... All this has both created and mandated greater interdependence among firms and nations.
Explanation:
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Answer:
PV= $4,903.38
Explanation:
Giving the following information:
FV= $35,000
n= 15 years
i= 14% compounded annually
<u>To calculate the initial investment required, we need to use the following formula:</u>
PV= FV/(1+i)^n
PV= present value
FV= future value
i= interest rate
n= number of years
PV= 35,000/(1.14^15)
PV= $4,903.38