What is one strategy that can help a person avoid spending too much money
on interest when borrowing money?
O A. Choosing a loan with a compound rather than simple interest rate
O B. Choosing a credit card with a high minimum monthly payment
OC. choosing a credit card with a low minimum monthly payment
OD. Choosing a loan with a simple rather than compound interest rate

Answers

Answer 1

Explanation:

A. Choosing a loan with a compound rather than

Answer 2

Answer:

D. Choosing a loan with a simple rather than compound interest rate

Explanation:

Simple interest is calculated based on the principal amount only. It is easy to calculate and understand. Simple interest remains a flat figure throughout the loan period.

The payable monthly simple interest amount tends to be smaller compared to compound interest. Simple interest is calculated on the principal amount only but compound interest is based on the principal amount plus the previous periods' accumulated interest. This implies that one pays interest on the interest.


Related Questions

Help find Robert! South Carolina people help me find Robert!​

Answers

Answer:

Do you mean people that live in SC?

Explanation:

Can you give us more information?

it is personality factor which means doing things even before being told​

Answers

Answer:

Initiative.

Explanation:

Initiative is a personality factor which means doing things even before being told.

This ultimately implies that, an initiative refers to the ability of an individual to act by himself or herself without getting any instruction from anybody.

Initiative connotes the personality factor that influences an individual to perform an action or task without being told, urged, compelled or forced to do so.

Nepal is secular country​

Answers

Answer:

Nepal is a secular state - True.

A very large company would be most likely to have a(n)
Blank its accounting department.
at the head of

Answers

Answer:

manager or head of accounting that makes the most sense to me

Explanation:

A company had net income of $2,660,000, net sales of $25,000,000, and average total assets of $8,000,000. Its return on total assets equals

Answers

Answer:

33.25%

Explanation:

Calculation for what Its return on total assets equals

Using this formula

Return on total assets =Net income/Average total assets *100

Let plug in the formula

Return on total assets =$2,660,000/$8,000,000*100

Return on total assets =0.3325*100

Return on total assets=33.25%

Therefore what Its return on total assets equals is 33.25%

commenced business by Sarita with her bank balance 100000 and furniture 100000​

Answers

Answer:

see below

Explanation:

This transaction increases the bank balance ( asset account) by 100,000 and furniture account( asset account) by 100,000.

Capital account increases by 200,000. An increase in assets is a debits while an increase in capital is credited.

The journal entry will be as follows

Bank A/C   Dr. 100,000

Furniture A/C Dr. 100,000

Capital   A/C                  Cr. 200,000  

Answer:

200,000

Explanation:

You have $1200 to invest in a bank account with an interest rate of 5.5%, compounded monthly. After how many years will your account total pass $2000

Answers

Sick my ppgghf was fever gmyhrr the centnulPimi I’m

property taxes are $4,200 per year. The closing is April 20th and closing day is charged to the buyer. Using the 365-day method, how will the proration of property taxes show on on the closing statement?

Answers

Answer:

Dr Seller $1,254.25

Cr Buyer $1,254.25

Explanation:

Calculation for how will the proration of property taxes show on the closing statement

First step is to calculate days of seller ownership

Days of seller ownership= 31 days in January 31 + 28 days in February+31 days in March + 19 days in April

Days of seller ownership=109 days

Second step is to calculate the tax owed by the seller using this formula

Tax owed by the seller =[(Property taxes ÷365 days)*Days of seller ownership]

Let plug in the formula

Tax owed by the seller=[($4,200 per year÷365 days)*109 days

Tax owed by the seller=$1,254.25

Last step is how will the proration of property taxes show on on the closing statement

Closing statement Entries will be show as:

Dr Seller $1,254.25

Cr Buyer $1,254.25

Therefore how will the proration of property taxes show on the closing statement is Debit Seller $1,254.25 and Credit Buyer $1,254.25

Which factor does not affect the stock prices in a market? (5 points)

Current taxes

Government policy

International transactions

Supply and demand

Answers

Answer:

government policy that a answer

One factor that does not affect the prices of stock in a market is Current taxes.

What affects the prices of stock?

There are several factors that affect stock price such as government regulations related to the sale of stock, and the company who owns the stock.

International transactions such as exports and imports and supply and demand movements also influence how valuable a stock is. Taxes on companies do not affect stock prices significantly.

Find out more on stock price valuation at https://brainly.com/question/1166179.

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An investor whose highest priority is getting the largest gains possible, even if
it requires a lot of risk, would most likely invest in ________.
A. Hedge funds
B. Bonds
C. Mutual funds
D. Saving accounts

Answers

The investor whose highest priority is getting the largest gains possible would invest in hedge funds. (option A)

What are hedge funds?

Hedge funds are alternative investments that pool the financial resources of different high net worth people together in order to invest in different ventures. Hedge funds are known to invest in different risky and illiquid investments. This increases the rate of their returns relative to other options.

To learn more about hedge funds, please check: https://brainly.com/question/9965923

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Find the value of x^3+3x^2y+3xy^2+y^3 when x=3 & y=4​

Answers

Explanation:

Notice that x³ + 3x²y + 3xy²+ y³ is of the form

(x + y)³.

When x = 3 and y = 4,

(x + y)³ = [(3) + (4)]³ = 7³ = 343.

A(n) _________ is an Internet-based firm that specializes in the secure electronic transfer of funds.

Answers

Answer:

Broadband internet connection

Explanation:

How would an electronic transfer to someone else be recorded in your transaction register or on your mobile banking app?

Answers

Answer:

a completed transaction

Explanation:

This would be recorded as a completed transaction in your mobile banking app transaction history. It would display as completed when the money is deducted from your account. If you click on that transaction in the transaction history it will open it up and display the recipient's name, account number, date it was sent, and total amount including taxes and fees detailed out. This transaction information can be accessed at any time and even has a transaction ID number.

Susan makes a purchase of $175 and is charged 7.75% for sales tax. What is the total cost of the purchase if Susan charges it on a credit card with a daily interest rate of 0.039% and pays the balance off at the end of 30 days

Answers

Answer:

$190.77

Explanation:

Given that:

Actual purchase price = $175

Sales tax = 7.75%

Total = actual price + sales tax

Total = actual sales price + (7.75% * Actual sales price)

Total = $175 + (0.0775 * $175)

Total = $188.5625

To pay with credit card at 0.039% daily interest for 30 days :

(188.5625 * 0.039% * 30) + 188.5625

2.20618125 + 188.5625

= $190.76868125

= $190.77

The current global human population is about 7.6 billion and is growing at an annual rate of 1.35 percent. If world population were to grow at this rate for the next year, approximately how many people would be added

Answers

Answer:

76×10^6 people or 76 million people

Explanation:

Let the population of the world now be Po = 7.6 × 10^9

Let the population next year be P

Let the time elapsed be t= 1 year

Let the growth rate be k= 1.35%

From;

P= Poe^kt

P= 7.6 × 10^9 e^0.0135× 1

P= 7.6 × 10^9 × 1.01

P= 7.676 × 10^9

Number added =

7.676 × 10^9 - 7.6 × 10^9 = 76×10^6 people

A product's target market can influence where it is placed on the shelf.
True
False

Answers

Answer:

I'm pretty sure false! Hopefully this helps

Germany did not allow Walmart to sell some items below cost, an example of how a foreign government can constrain _________, which here made it impossible for Walmart to compete with local discount stores.

Answers

Answer: pricing strategy

Explanation:

Pricing strategy refers to method that companies or organizations use in order for them to price their products.

Germany not allowing Walmart to sell some items below cost simply shows an example of how a foreign government can constrain pricing strategy. The reasoning behind this by Germany is to help it's local industries and help prevent it from foreign competition which may end up limiting their growth.

What is Insurance Risk​

Answers

An insurance risk is a threat or peril that the insurance company has agreed to insure against in the policy wordings. These types of risks or perils have the potential to cause financial loss such as property damage or bodily injury if it were to occur.

Hope it helps ^^

Burger King restaurants have reached maturity. They are located throughout the United States and have been successful for many years. According to Kreiser's business life cycle, they may now do all of the following except _____ .


begin to decline

find a way to reposition itself with new products or in new markets

be bought out by McDonald's

none of the above

Answers

Answer:

be bought out by McDonald's

Explanation:

Among the three answer choices listed, the least likely to occur for Burger King is to be bought out by McDonald's. This is because of the large scale of that purchase, the fact that Burger King, while a direct competitor of McDonald's, is further behind, and beginning to decline, and also because the two businesses may not be compatible under a joint operation.


What is the displacement of the elephant between 0 s and 16 s?

Answers

What we need more details my guy

Who may be affected by monetary penalties imposed by the Internal Revenue Service when a Tax Professional fails to meet due diligence requirements?

Answers

Answer:

Both the tax practioner and the assessee will be liable for penalties under IRS 6695(a)

Explanation:

When a tax preparer is paid to arrange the tax return of a client they must follow preparer due diligence laws.

This is the case when the preparer is trying to get a refund of earned income tax credit, child tax credit, American opportunity tax credit, or filing of head of household status.

The effect on the tax preparer's client include:

- refund of amounts collected in error because of wrong return

- a two year ban from claiming credits if error is due to recklessness

- a ten year ban if error is as a result of fraud

The consequences for the tax preparer includes:

- for each requirement not met a $500 penalty

- suspension from the IRS e-file

- a ban from tax preparations

- in cases of fraud criminal charges can be made

________ are nonprofit independent groups that receive and distribute funds to influence the nomination, election, and defeat of a candidate.

Answers

Organization i think so

Organization is nonprofit independent groups that receive and distribute funds to influence the nomination, election, and defeat of a candidate.

What is a non-profit organization?

Non-profit organization is the company whose priority is to serve the people, not making the profits from it. The profits earned by the non-profits organization are not distributed among the directors or employees.

Thus, it is organization.

For more details about Non-profit organization, click here:

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Bgn sells furniture such as beds and tables. It started as a partnership but is now a private limited company. BG has expanded quickly and has 10 shops located in different cities.Each shop manager is responsible for recruitment and decisions about inventory levels. They send the board a monthly report. The managing director has a laissez fair leadership style.There has been an increase in customer complaints and employees think internal communications need to be improved.Identify and explain one advantage and one disadvantage of the managing director's leadership style?

Answers

Answer:

See below

Explanation:

The Laissez-faire leadership style allows group members or employees to make important decisions. Managers operate hands-off, meaning they allow employees to run the business. The Laissez-faire leadership style is delegates responsibilities to employees.

Advantages

1. It promotes employees' personal growth.

When leaders are hands-off, employees get the chance to be hands-on. The Laissez-faire leadership style creates an environment that facilitates employee growth and development.

2. It encourages innovation. Employees have the freedom to try out different ways of achieving objectives. This promotes creativity and innovation in the workplace.

Disadvantages

1.Subject to abuse by employees

Because there is little supervision by managers, some workers may take advantage of their benefit. They might engage in fraud-related activities to steal money from the business.  Absenteeism without genuine reason is likely to be high.

2. Reduces cohesion in teams

Due to a lack of clear leadership, each group member act as per their judgment. Teamwork is destroyed, which results in low productivity.

A document that tracks a company's income and expenses is referred to as
an income sheet
a balance sheet
a purchase order
a budget

Answers

The income statement

A property is assessed at $39,000. The local municipality has an equalization rate of 5%. What is the market value of the property...

Answers

Answer:

$780,000

Explanation:

Calculation for the market value of the property

Using this formula

Market Value=Assessed property/Equalization rate

Let plug in the formula

Market Value=$39,000/0.05

Market Value=$780,000

Therefore the market value of the property will be $780,000

your school decides to build a new performing arts center. what is the opportunity cost of constructing the new performing arts center

Answers

Answer:

C) any other good or service that cannot be provided right now due to resources used for the new performing arts center

Explanation:

Here is the full question :

our school decides to build a new performing arts center. What is the opportunity cost of the performing arts center?

(A) the money used in construction of the performing arts center

(B) the cost of building the performing arts center now rather than waiting until next year

(C) any other good or service that cannot be provided right now due to resources used for the new performing arts center

(D) cannot be determined without knowing what the next best option was for using the resources that went to the performing arts center

(E) none of the above

Opportunity cost is the cost of the next best option forgone when one option is chosen over other alternatives.

the funds used in building the new performing arts center would not be available for other activities. these activities forgone is the opportunity cost.

the money used in construction of the performing arts center  is the real cost

Only the real cost is used in calculating accounting cost. While, opportunity cost and real costs are used in calculating economic cost

Continuing an experimental condition until staffing patterns stabilize is a strategy for avoiding a confound due to

Answers

What are the answers choices ?! I need to know so I can help and not get you wrong

Risks of a failure is continuing of an experimental condition where the staffing patterns are under a stabilized situation for avoiding confound.

What is staffing pattern?

Staffing pattern is the way of assigning tasks to the manpower resources available in an organization for the purpose of achievement of the organizational goals.

Sometimes experiments are held in an organization to make sure that there are no actual failures at the time of the initiation of the process.

Hence, staffing patterns are stabilized during experiments due to the risks of failure and avoiding confounds.

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Help find Robert! South Carolina people help me find Robert!​

Answers

He’s not even lost or missing he probably ghosted you please stop sharing this and move on

What is 201 x 1920 and 29 x 29 and 9 x 9 + 9 and fish?


all your pain in one question: (ever experienced one before?)

1. someone bypasses because you are destroying them in a argument

2. someone starts an 30 minute argument with you and doesn't let you leave

3. you encounter a 3rd grader

4. you encounter a 7th grader whos really dense and/or illiterate

5. getting your account deleted for false things.


all your proud moments in one question: (ever experienced one before?)

1. you win a argument

2. you get your account back

3. get revenge because someone reported you for no reason and their question was "PLSS i want A friend PLSSS"

4. help someone pass a test

5. actually learn from brainly

Answers

Answer:

jkjjjjjjkjkkoolllllkkkkjuojukjuojikji

Question Mode Multiple Choice Question One of the main benefits of the euro's adoption has been ___________, which facilitates trade between European countries.

Answers

Answer:

minimizing monitoring of current exchange rates

Explanation:

European Union is defined as the group of several European countries which are situated n Europe. These countries came together a signed trade agreement or a treaty which ensures free trade within the member countries. By this they created a free trading zones within their countries.

The European Union has made it easy and simplified for the firms and they do not have to worry about the exchange rates or the currency differences across the borders of the countries. Thus, minimizing and monitoring of the current exchange rates is one of the main benefits of the European Union's adoption.

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