Business

Business, 01.08.2019 05:40, Ben2752

Joy has been saving her earnings to make a down payment on a new car. which loan terms will result in highest total cost for the loan? 2.5 percent loan for 24 months 3.5 percent loan for 36 months 4.5 percent loan for 48 months 5.5 percent loan for 60 months

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Business, 25.07.2019 13:30, diametriagay

Use the following chart to explain how the loan repayment period affects the total cost of the loan. loan repayment period loan 1 loan 2 principal $5,000 $5,000 interest rate 6.47 percent 6.47 percent monthly payment $98 $57 loan repayment period 5 years 10 years total cost of the loan $5,866 $6,804

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Business, 19.09.2019 03:40, cindy9330

Which type of credit is used to lease a building? a. installment credit joy has been saving her earnings to make a down payment on a new car. which loan terms will result in highest total cost for the loan? d. 5.5 percent loan for 60 months anya runs a dog wash and spa service. she has to purchase basic, low-cost work supplies on a regular basis. she budgets a specific amount of money to buy these goods each month. which type of credit would be most and least risky for her? b. secured credit card which type of credit is used for utilities? c. service credit nafar wants to start her own business as a contract writer. to do this, she needs to build an office addition to her house. which type of credit is she most likely to use?

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Business, 12.10.2019 02:50, Destinyb9806

Mike has saved $6,000 for a down payment on a car. he qualifies for two car loans. one has a 10% interest rate that does not require a down payment; the other has a 15% interest rate and requires a $5,000 down payment. mike chooses the first loan and does not make a down payment because he would like to reduce the total cost of the loan as much as possible. evaluate mike's decision. select the best answer from the choices provided. a. mike's decision reduced the total cost of his loan as much as possible because the first loan has a lower interest rate. b. mike's decision reduced the total cost of his loan as much as possible because making a down payment would have increased the amount accruing interest. c. to reduce the total cost as much as possible, mike should have made a down payment on the first loan even though it was not required. d. to reduce the total cost as much as possible, mike should have chosen the second loan even though the interest rate was higher.

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Mathematics, 31.10.2019 23:31, Jonah58

Read the following example. go online or call banks to research car loans from different financial institutions. choose three different loans. make sure each loan has a different apr and different loan period. for instance, if loan 1 has an apr of 6.3 percent and a loan period of six years, then perhaps loan 2 might have an apr of 3.47 percent and a loan period of four years. then use the paced decision-making model to decide which of the three car loans carmen should choose. carmen is in the process of buying a car. she knows she needs a car loan, but she is unsure about which financial institution she should obtain the car loan from. should she take out a loan with a loan period of four years? five years? six years? she has $3,000 for the down payment, and the cost of the car after tax and license fees will be $8,500. she has a credit score of 620. her budget will allow her to make payments as high as $150 per month. remember, the goal is to find the most cost-effective option. which car loan should carmen choose? the question> > which car loan should carmen choose?

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