« previous next »

Author Question: Last National Bank is offering you a loan at 10; payments on the loan are to be made monthly. ... (Read 121 times)

Pineapplelove6

  • Hero Member
  • *****
  • Posts: 560
on: Jul 11, 2018
Last National Bank is offering you a loan at 10; payments on the loan are to be made monthly.
  Credit Onion is offering you a loan where payments are to be made semiannually; the rate on the
  loan is also 10.
 
  Local Bank down the street is also offering a loan at 10 where the payments are
  made quarterly. Which loan has the lowest annual cost?
  A) Local Bank's loan
  B) Credit Onion's loan
  C) Last National Bank's loan
  D) All of the loans will have the same annual cost.

Question 2

The beneficiaries named on an insurance policy are those who
 
  A)
 
  own the policy.
  B)
 
  buy the policy.
  C)
 
  issue the policy.
  D)
 
  are protected by the policy.
Foundations of Finance ¦ Keown, Petty, Martin ¦ 9th Edition
Buy Test-Bank


Hikerman221

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jul 11, 2018
Answer to Question 1

B

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

The discovery of aquaporins, water channels made of a transmembrane protein. The discovery of aquaporins, water channels made of a transmembrane protein.
Pacific Silver Fir cone debris from feeding Douglas Squirrels, North Cascades National Park Pacific Silver Fir cone debris from feeding Douglas Squirrels, North Cascades National Park
A solution is made by adding 0.100 mole of ethyl ether to 0.401 mole of ethyl alcohol. If the ... A solution is made by adding 0.100 mole of ethyl ether to 0.401 mole of ethyl alcohol. If the ...
Chimpanzee (Pan troglodytes), Gombe Stream National Park, Tanzania, Africa. Chimpanzee (Pan troglodytes), Gombe Stream National Park, Tanzania, Africa.
Video: Transcription—A molecular view

For a complete list of videos, visit our video library