What are the characteristics of an annual percentage rate. choose all that apply
it can change over time for certain kinds of loans, it's the interest charged each year for a loan, it requires the borrower to pay all the principal at once, it can be reduced to reflect the borrowers credit history, it has little impact on the amount the borrower must repay
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What are the characteristics of an annual percentage rate. choose all that apply it can change over time for certain kinds of loans, it's ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Suppose a pizza parlor has the following production costs: $3.00 in labor per pizza, $1.00 in ingredients per pizza, $0.90 in electricity per pizza, $3,500 in restaurant rent per month, and $200 in insurance per month.
Answers (1)
Explain, using examples, why short-termism is considered a market failure.
Answers (1)
Suppose we changed the units of the tuition variable, so that the new tuition variable is now simply measured in dollars rather than in thousands of dollars. What would happen to the correlation between tuition (in dollars) and number of applicants?
Answers (1)
Wheels, Inc. manufactures wheels for bicycles, tricycles, and scooters. For each cost given below, determine if the cost is a product cost or a period cost.
Answers (1)
For an activity base to be useful in cost behavior analysis: a) there should be a correlation between changes in the level of activity and changes in costs. b) the activity level should be constant over a period of time.
Answers (2)
New Questions in Business
The supply curve of reserves in an economy is horizontal when: A) the federal funds rate is greater than the seasonal credit discount rate. B) the federal funds rate is less than the secondary credit discount rate.
Answers (1)
Colton took out a 3 year loan for $2075 at a computer store to be paid back with monthly payments at a 10.7% APR. If the loan offers no payments for the first 11 months, how many payments will Colton be required to make?
Answers (1)
An externality is a. a benefit realized by the purchaser of a good or service. b. a cost paid for by the producer of a good or service. c. a benefit or cost experienced by someone who is not a producer or consumer of a good or service. d.
Answers (1)
When a company tries to create new uses for its product, it is undertaking a market modification program. a. True b. False?
Answers (1)
Which of the following statements is correct? 1. Proprietary funds must prepare a Statement of Revenues, Expenses and Changes in Fund Net Position, Statement of Net Position and Statement of Cash Flows. 2.
Answers (1)