Rafael wants to take out a loan for $30,000. which of the following is the best option?
a. borrowing $30,000 at 5% annual simple interest
b. borrowing $30,000 at 3% annual simple interest
c. borrowing $30,000 at 5% annual compound interest
d. borrowing $30,000 at 3% annual compound interest
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Rafael wants to take out a loan for $30,000. which of the following is the best option? a. borrowing $30,000 at 5% annual simple interest ...” 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
The person who was most directly affected by the changes in the business cycle is A) an emergency room doctor B) a construction worker C) an orthodontist D) a college professor
Answers (2)
In general, a decrease in consumer income will have what effect on demand for normal goods? a. it will have no effectb. it will cause demand to risec. it will cause demand to falld. it will cause demand to fluctuate sharply
Answers (1)
Home-Baked Bread Company hires Ike to sell the company's products in a certain area. Home-Baked Bread agrees to pay Ike a salary, plus commission, for a trial period.
Answers (1)
The ending finished goods inventory budget supplies information is needed for the: a. sales budget. b. cash budget. c. budgeted income statement. d. cost of goods sold budget. e. all of these.
Answers (1)
Which of the following terms is defined by the activity, set of instructions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large?
Answers (1)
New Questions in Business
In a competitive market, no single producer can influence the market price because many other sellers are offering a product that is essentially identical. consumers have more influence over the market price than producers do.
Answers (1)
Terrance and Barbara created a limited partnership, but they failed to comply with the requirements of the limited partnership. Therefore what will be the liability of the partners?
Answers (1)
Identify the health care insurer that contributes the largest proportion of the health care dollar in the united states
Answers (1)
Emma has ben promoted to a managerial position where she manages fifty employees in a division that has a history of low product output.
Answers (1)
Adams Industries holds 55,000 shares of FedEx common stock, which is not a large enough ownership interest to allow Adams to exercise significant influence over FedEx.
Answers (1)