Which answer best describes Annual Percentage Rate (APR)
The interest rate used only when buying a car.
The interest rate that lenders hide from you to make you pay more.
The interest rate used so that comparing rates is easier.
The interest rate used when a person gets paid annually.
WALL
C

How does your household gain from specialization and comparative advantage? (what is produced, what is not produced yet paid to a specialist to produce? )

Aborrower takes out a 30-year adjustable rate mortgage loan for $200,000 with monthly payments. the first two years of the loan have a "teaser" rate of 4%, after that, the rate can reset with a 5% annual payment cap. on the reset date, the composite rate is 6%. what would the year 3 monthly payment be?

Based on what you learned about time management which of these statements are true