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Paha777 [63]
2 years ago
7

The concept of​ "Power Payments" will help you repay your loans faster and reduce your total interest payments. Consider a situa

tion where you have 3​ loans:
Loan A has a loan payment of​ $500/month and an interest rate of​ 5% APR;
Loan B has a payment of​ $200/month and an interest rate of​ 3% APR;
Loan C is a credit card with a payment of​ $300/month and interest rate of​ 18% APR.
You just made the final payment on your auto loan​ (Loan A). ​ Yahoo!! What should you do with the​ $500/month payment that you no longer have to pay on Loan A if you want to reduce your loans as fast as​ possible?
Business
1 answer:
NeX [460]2 years ago
6 0

Answer:

You should pay loan C since it does not only represent the largest monthly payment, but it also has the highest APR. The sooner you pay your credit card balance (loan C) the better.

On the other hand loan B has a smaller monthly payment and a much lower APR.

You might be interested in
The prospects for many types of jobs are ____ as automation progresses from manufacturing to clerical and retail jobs. Select on
Bingel [31]

Answer:

Poor

Explanation:

Automation has made certain jobs redundant and machines can now carry out most of the functions  usually carried out by labour. As a result, the prospects for many types of jobs is low

3 0
2 years ago
Match each type of GDP with its definition. the market value of all final goods and services produced by resources owned by citi
Firdavs [7]

Answer:

The market value of all final goods and services produced by resources owned by citizens of a particular country in a given year gross GDP

GDP adjusted to base year prices <em>real GDP</em>

GDP divided by population  GDP per capita

GDP adjusted for differences in the cost of living in different countries

<em>GDP power purchase parity</em>

the market value of all final goods and services produced by resources located in a particular country in a given year <em>gross national product GNP</em>

<em></em>

Explanation:

We are mathcing the definition with the term so it is self-explanatory

6 0
2 years ago
Your landlord has held one month's rent of $875 as a security deposit from which any damage repair will be deducted. You have le
Norma-Jean [14]

<u>Answer:</u> $455

<u>Explanation:</u>

Security deposit with the landlord  =$875

Calculation of painting cost

Given

Painting charges= $5.25

Size = 8ft x 10ft = 80 Sq.ft

Total painting charges= 80 Sq.ft x $5.25

=$420

Calculation of security deposit to be returned

= Total security deposit - painting charges

=875-420

=$455

So from the above calculations it is clear that $455 would be returned to me by the landlord.

8 0
2 years ago
Beth Corbin’s regular hourly wage rate is $16, and she receives an hourly rate of $24 for work in excess of 40 hours. During a J
Vika [28.1K]

Answer:

Gross Earnings $760

Net Earnings $606.86.

Explanation:

Beth's regular hourly wage is 40 hours at the rate of $16 per hour.

40 x 16 = $640

Overtime hourly wage is additional hours after the normal 40 hours at the rate of $24.

5 x 24 = $120

Gross earnings is calculated by adding both the above amounts.

640 + 120 = $760

Her employer will charge FICA rate of 7.65% for the amount she earns (Gross Earnings).

760 x 7.65% = 58.14

Net Earnings will be Gross Earnings less FICA and federal income tax $95.

760 - 58.14 - 95 = 606.86

Hence, Beth's Gross Earnings are $760 and Net Earnings are $606.86.

8 0
2 years ago
Different companies across different industries adopt any one of the five generic strategies to gain competitive advantage.
enyata [817]

Answer:

c. An online retailer delivers organic groceries overnight.

Explanation:

As Different companies in different industries follow any one of the five general strategies to gain competitive advantage.

so The online retailer distributes organic groceries overnight, using a low-cost provider strategy. This is due to the intense competition in online retailing.

so correct option is c. An online retailer delivers organic groceries overnight.

6 0
2 years ago
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