subject
Business, 26.07.2020 01:01 TheOriginal2x

Sam learns that the interest rate on his $3000, one year auto loan is 5%. He has calculated his monthly payments using the simple interest formula and is ready to apply for the loan. Which of the following is the best advice you give to your friend. A: If you can afford the monthly payment you have calculated, go ahead and apply.

B: You need to find out about any fees that are associated with the loan as they will affect your monthly payments. Ask your lender about the APR.

C: You have to multiply the monthly payment you have calculated but 0.05 to calculate the APR.

D: The APR is not the same as interest rate. It will be higher, but there is no way to calculate it and the lender probably won't help you with that. Just make sure you have extra money to pay off your debt.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 00:00
Which of the following is a disadvantage to choosing a sole proprietorship business structure? question 9 options: the owner has personal responsibility for the company's liabilities. the owner has to share the profits with partners. the owner is still liable for personal debts. the owner has to report to shareholders.
Answers: 1
question
Business, 22.06.2019 02:40
Which of the following statements about brand names is true? brand names give the seller an incentive to provide consistently high-quality products and services in order to protect the reputation of the brand. brand names are always economically wasteful since they dupe consumers into buying more expensive goods and services that are no different from generic versions. it is always rational to prefer brand names over generic substitutes. read the following example and determine whether it illustrates a common critique or defense of advertising. musashi sees a commercial for a brand x clothing company that depicts the wearers of the clothes out having a good time with friends. although he doesn't particularly need new clothes, the commercial prompts him to buy a brand x t-shirt.
Answers: 3
question
Business, 22.06.2019 18:30
Order these statements in the correct order to fill in the central idea and key points for a chronological speech. question 22 options: there are several steps that someone must take to become a doctor. finally, you will need to get a medical license, and become board certified in your specialty area. then, you must get admitted into to medical school and earn a medical degree. next, you will need to complete a residency. first you must earn a bachelors degree.
Answers: 2
question
Business, 22.06.2019 19:30
The owner of firewood to go is considering buying a hydraulic wood splitter which sells for $50,000. he figures it will cost an additional $100 per cord to purchase and split wood with this machine, while he can sell each cord of split wood for $125. if, for this machine, design capacity is 50 cords per day, effective capacity is 40 cords per day, and actual output is expected to be 32 cords per day, what would be its efficiency?
Answers: 1
You know the right answer?
Sam learns that the interest rate on his $3000, one year auto loan is 5%. He has calculated his mont...
Questions
question
Mathematics, 12.06.2021 23:40
question
Spanish, 12.06.2021 23:40
Questions on the website: 13722363