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 42 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
Wow, this really help

jackie

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Rule of Nines. A method for determining percentage of body burned. Each different colored section re Rule of Nines. A method for determining percentage of body burned. Each different colored section re
Common bandaging methods Common bandaging methods
How to convert units of any rate to another (Part 3) How to convert units of any rate to another (Part 3)
Identical Twin Identical Twin
Reconstructing genotypes and determining genotype probabilities Reconstructing genotypes and determining genotype probabilities
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: Parathyroid hormone (bone resorption) & Calcitonin (bone deposition)

For a complete list of videos, visit our video library