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Author Question: Given an identical contract rate, which of the following methods for determining finance charges ... (Read 45 times)

sheilaspns

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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


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mcomstock09

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Reply #1 on: Jul 11, 2018
Answer to Question 1

A

Answer to Question 2

D


sheilaspns

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Reply 2 on: Jul 11, 2018
Thanks for the timely response, appreciate it

cassie_ragen

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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