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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
Which statement best describes a business creating an incentive, or a benefit?
muminat

Answer:

B. A restaurant offers a discounted price on a new type of dish.

Explanation:

Here are the options to this question :

Which statement best describes a business creating an incentive?

A. A factory increases production to respond to growing demand.

B. A restaurant offers a discounted price on a new type of dish.

C. A car dealership increases the price on a car when it becomes

more popular

D. A retailer stops carrying a product that doesn't sell well in its

stores

An incentive is a motivation to carry out a particular activity.

If the price of fish is discounted, consumers would be motivated and willing to purchase the fish because of the reduced price

7 0
2 years ago
Dell is a product of the Digby company. Digby's sales forecast for Dell is 2079 units. Digby wants to have an extra 10% of units
Thepotemich [5.8K]

Answer:

Option (B) is correct.

Explanation:

Sales forecast = 2079 units

Ending Inventory to be maintained:

= 10% of forecast sales

= 10% (2079 units)

= 208 units

Production:

= Sales + Ending Inventory - Beginning Inventory

= 2079 units + 208 units - Nil  

= 2,287 units

Taking current inventory into account, Dell's Production of 2,287 units After Adjustment have to be in order to have a 10% reserve of units available for sale.

8 0
2 years ago
This is section 3.8 problem 30: a motel owner observes that when a room is priced at $60 per day, all 80 rooms of the motel are
inna [77]

Answer:

see explanations

Explanation:

First, for 80 room charged at $60 per room ,all rooms are occupied

Let the demand function, expressed by p , the price in dollars charged for each room per day, as a function of x as,

p(x)=$60x ------------where x in the number of rooms

When the price per room is increased by $3, the demand function will be;

p(x)=$63x

Maintenance per room after price increase will be;

p(x)=$16x

This means: $63x -$60x=$16x

3*80 p(x)=16*80

p(x)=(16*80)/(3*80) =5.33

Due to price increase the number of rooms occupied reduced by 5 rooms to 75 rooms. Because of unoccupied rooms bringing no revenue the maintenance cost increased. The demand for room decreased.

6 0
1 year ago
Given a need to raise capital of $2 million and attorney costs of $150,000, with an underwriter's spread of 3%, the amount of bo
ipn [44]

Answer:

The amount of bond issuance is $2,085,500

Explanation:

The computation of the amount of bond issuance is shown below:

= Raise capital + attorney cost - underwriter spread

= $2,000,000 + $150,000 - 3% of $2,150,000

= $2,150,000 - 3% of $2,150,000

= $2,150,000 - $64,500

= $2,085,500

Hence, the amount of bond issuance is $2,085,500

We simply applied the above formula so that the correct value could come

6 0
1 year ago
Hart, an individual, bought an asset for $500,000 and has claimed $100,000 of depreciation deductions against the asset. Hart ha
Naily [24]

Answer

The answer and procedures of the exercise are attached in the following images.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in 2 sheets with the formulas indications.  

4 0
2 years ago
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