This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Given an identical contract rate, which of the following methods for determining finance charges ... (Read 18 times)

sheilaspns

  • Hero Member
  • *****
  • Posts: 567
on: Jul 11, 2018
Given an identical contract rate, which of the following methods for determining finance charges provides the smallest monthly payment on an installment loan?
 
  A)
 
  Simple interest method
  B)
 
  Discount method
  C)
 
  Add-on method
  D)
 
  The monthly payment is the same under all three methods listed above.

Question 2

A cash management strategy does not involve which of the following activities?
 
  A)
 
  Deciding to your satisfaction what future interest rates will be
  B)
 
  Balancing your desires for safety, liquidity, and yield
  C)
 
  Obtaining information about alternative deposit accounts
  D)
 
  Keeping as little cash as possible


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mcomstock09

  • Sr. Member
  • ****
  • Posts: 377
Reply #1 on: Jul 11, 2018
Answer to Question 1

A

Answer to Question 2

D


sheilaspns

  • Member
  • Posts: 567
Reply 2 on: Jul 11, 2018
Gracias!

sultana.d

  • Member
  • Posts: 320
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Breast Palpation Methods, Wedge Breast Palpation Methods, Wedge
Three chromatographic methods used in protein purification Three chromatographic methods used in protein purification
Fossil remains of anatomically modern humans from the Czech Republic and from China (center crania) Fossil remains of anatomically modern humans from the Czech Republic and from China (center crania)
The research methods that sociologists choose depend partially on the questions they want to answer. ... The research methods that sociologists choose depend partially on the questions they want to answer. ...
The radius of the Sun is 6.95 × 108 m. It radiates heat at the rate of 5.32 x 10 The radius of the Sun is 6.95 × 108 m. It radiates heat at the rate of 5.32 x 10
1.6 Organisms are made up of cells, each of which contains an identical set of genes. 1.6 Organisms are made up of cells, each of which contains an identical set of genes.
Video: Regulation of GFR: three methods, autoregulation & autoregulation via myogenic mechanism

For a complete list of videos, visit our video library