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lapo4ka [179]
2 years ago
7

Evelyn has taken out a college loan. She needs to pay $500 every month for two years to repay the loan. What kind of loan does s

he have? Select one of the options below as your answer:
A. a fixed-rate loan
B. a variable-rate loan
C. a constant-rate loan
Business
2 answers:
Studentka2010 [4]2 years ago
8 0
Evelyn has taken out a colleage loan. She needs to pay five hundred dollars ($500) a month for the next two years to repay the loan. This type of loan is called the fixed-rate loan. The interest rate does not fluctuate during the period of the loan. The answer would be letter A.
olga55 [171]2 years ago
3 0

<u>Determination of type of loan:</u>

In the given case Evelyn has taken out a college loan. She needs to pay $500 every month for two years to repay the loan. It means she has to pay the equal installment for the loan period and the interest amount is already determined by the bank. In other words we can say that there interest rate is already fixed.

A variable-rate loan is a type of loan under which the interest rate changes with the change in the bank rates and it also changes the interest and installment amount.


Hence the Correct option is:

A. a fixed-rate loan  



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You have $12,500 you want to invest for the next 30 years. You are offered an investment plan that will pay you 7 percent per ye
Alchen [17]

Answer:

Future value= $151,018.51

Explanation:

Future value of money measures how much a present amount of money will be in the future at a given interest rate.

The interest gained on money shows the time value of money. One dollar today is less than one dollar in one year's time

The formula for future value is

Future value = Present value * (1 + rate)^time

As we have two periods in this case (10 years and 20 years)

Future value = Present value * {(1 + rate1)^time1} * {(1 + rate2)^time2}

Future value = 12,500 * {(1 + 0.07)^10} * {(1 + 0.095)^20}

Future value= $151,018.51

4 0
2 years ago
Annual maintenance costs for a particular section of highway pavement are $2500. The placement of a new surface would reduce the
rewona [7]

Answer:

The maximum investment is $6,360.111

Explanation:

Giving the following information:

The placement of a new surface would reduce the annual maintenance cost to $500 per year for the first 3 years and to $1000 per year for the next 7 years. After 10 years the annual maintenance would again be $2500.

We need to find the net present value. The maximum initial investment will be the amount that makes the NPV cero.

NPV=∑[Cf/(1+i)^n]

Cf= cash flow

<u>For example:</u>

Year 1= 500/1.05= 476.19

Year 3= 500/1.05^3= 431.92

Year 5= 1,000/1.05^5= 783.53

NPV= 6,360.111

The maximum investment is $6,360.111

6 0
2 years ago
Fast Fine Foods markets some of its products to consumers looking for simple, quick meals. Fast Fine Foods also offers another l
wlad13 [49]

Answer:

<u>Market segmentation.</u>

Explanation:

Market segmentation is a process used by an organization that divides its potential customer according to tastes, needs and characteristics and similarities between customer groups, with the aim of directing the marketing strategy and product line to each customer group. identify their particularities to meet their own needs more effectively.

4 0
2 years ago
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Your goal as a speaker is to help your audience understand, remember, and act upon your ideas. To improve comprehension and enha
maxonik [38]

Answer:

1. A

2. A

3. C

4. D and E.

Explanation:

1. Well-planned visual aids can increased audience interest and make the presenter appear more professional.

2. An advantage of using multimedia slides is that they enhance recall because the audience keeps the reference material.

3. Multimedia slides is a visual aid conveys a professional appearance by allowing the presenter to choose from many color, art, and font options.

4. Multimedia slides and handouts is a visual aid option that allows access to compatible A/V equipment, and each of the listeners can have a copy of the key tips in the presentation.

Generally, in order to have good communication and for the sake of impacting knowledge, speakers should help their audience understand, remember, and act upon ideas. Also, to improve comprehension and enhance retention, speakers are advised to use visual aids such as a multimedia slide, handouts etc. A multimedia slide can be designed or created through the use of a computer software such as Microsoft PowerPoint.

Additionally, the handouts should be shared to the audience at the end of the presentation.

3 0
2 years ago
Armando received his credit card bill and noticed multiple unauthorized charges. How soon must he notify his bank of these charg
adell [148]
Indeed the answer is 60 days but let me explain it to you. Even though Armando has to notice as soon as possible, <span>Keep in mind that those charges will look like delayed payments. In that sense we can say that delayed payments 60-90 days beyond terms are charged to that person no matter what really happens. Those are the laws</span>
3 0
2 years ago
Read 2 more answers
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