Shirley qualifies for a $12,000 auto loan and chooses a 36-month loan term versus a 60-month loan term. How will the shorter term of the loan affect Shirley?
A. Shirley will save money on interest.
B. Shirley's car will appreciate in value.
C. Shirley will pay more in interest.
D. Shirley's car will depreciate in value.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Shirley qualifies for a $12,000 auto loan and chooses a 36-month loan term versus a 60-month loan term. How will the shorter term of the ...” 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 capital structure of Merritt Co. is 20% common equity and debt equal to 80%. The cost of common equity is 10% and the pretax cost of debt is 5%. Merritt's tax rate is 21%. What is Merritt's weighted-average cost of capital?
Answers (1)
Two crucial innovations making the railroad system possible where
Answers (1)
The semiannual, 8-year bonds of Alto Music are selling at par and have an effective annual rate of 8.6285 percent. What is the amount of each interest payment if the face value of the bonds is $1,000? (Choose the nearest value)
Answers (1)
A profit maximizing competitive firm in a market with NO externalities will produce the quantity of output where A) price = marginal cost B) marginal revenue = marginal cost C) marginal benefit = marginal cost D) all of these are true
Answers (1)
Product champions are critical during the period after a new venture project has been defined but before it has gained momentum and achieved project impetus. a. True b. False
Answers (1)
New Questions in Business
The following requirements are interdependent. For example, the $252,000 desired profit introduced in Requirement c also applies to subsequent requirements.
Answers (1)
Regan grows flowers and makes ceramic vases. Jayson also grows flowers and makes ceramic vases. Regan can produce 3 times as many vases in a day as Jayson, and Regan can grow twice as many flowers in a month as Jayson.
Answers (2)
Danny "Dimes" Donahue is a neighborhood's 9-year-old entrepreneur. His most recent venture is selling homemade brownies that he bakes himself. At a price of $1.50 each, he sells 100. At a price of $1 each, he sells 300. a.
Answers (1)
Starting last December, one of the three major credit-score trackers, Experian, added paying monthly rent as one of its criteria for calculating a credit score.
Answers (1)
Odell's Furniture has a manufacturing facility in Rigby, Idaho that has an effective capacity of 106 furniture pieces per day and produces 88 furniture pieces per day. What is the facility's efficiency rate? a. Write your answer as a percentage. b.
Answers (1)