Paying in cash or taking a Loan, which option is more economically sound?

Q: Write sources of financing for a building materials company?

A: Any business to operate/function requires funds, the tools used to acquire these funds are…

Q: What is the purpose of the application letter?

A: Generally, one of the first steps in the application process for jobs is the submission of an…

Q: Anthony takes a loan of P10,000 to buy a used truck at the rate of 5% simple interest. Calculate the…

A: From the details given in the problem, Principle = P = P10,000 and R = 5% or 0.05 expressed as a…

Q: i need this in words not handwritten please rewrite it

A: Consumption when equivalent to that of investment then it will be applicable.

Q: Other than lenders, who else might use your credit score and why?

A: Credit decisions are made by lenders. Credit reporting agencies sell credit reports on their…

Q: Why should you talk to your banker before beginning to look for a home? to get a building inspector…

A: Although looking for a home can be exciting and enjoyable, serious homebuyers should begin their…

Q: You can afford a $800 per month mortgage payment. You've found a 30 year loan at 7% interest. a) How…

A: Monthly Mortage payments is  M = $800The annual Interest Rate is      7% The monthly interest rate…

Q: describe something you can do to increase your savings for retirement.

A: Retirement: It is the point of time where someone stops working.

Q: When can a business owner is earning a profit but not covering expenses?

A: In a perfectly competitive industry, it is possible for a firm to earn loss or positive profits in…

Q: need this in words not handwritten rewrite it

A: We have game between two players and they both have same set of actions invest and don't invest.

Q: Dear Mrs. Sally, is a proper Salutation for a business letter.

A: A salutation refers to the greeting at the beginning of an email or letter. It is essential to start…

Q: How do you build housing in wealthy neighborhoods?

A: It's generally not feasible because of the value of the land. In wealthy areas, land is expensive…

Q: "A" is the correct answer, but I wondered what's wrong with "C" Thank you.

A: Answer - An increase in the supply of a good will decrease the total revenue producers receive…

Q: Hi, i need help with part a and d only. Thanks

A: Gross domestic product is the value of goods and services that are produced within the given time…

Q: You borrow $1,000 from a bank to buy a car to use in your pizza delivery business. IS THIS AND…

A: Savings are a type of income which is kept by the consumer after paying all his expenditure. When…

Q: On what factors does The cost of a loan depend?

A: Cost of loan are the expenses brought about by the borrower for taking the advance because of the…

Q: When Projects Are Financed with Borrowed Funds?

A: The borrowed fund is a non-depository fund that is borrowed from the third party with the agreement…

Q: Why some companies avoid making up-front costs or payments?

A: Companies may require front costs / payments or back cost / payments. Some companies generally have…

Q: Mary Smith took out a loan of $75,000. The loan runs for five years at a minimum interest rate of…

A: here we calculate how much is each monthly payment to Mary Smith by following method given below

Q: what are types of saving vehicles

A: Savings is the money left over after subtracting a person's consumption expenses from their…

Q: Common technology uses on daily basis

A: Technology is the method by which we put scientific knowledge to practical use. It encompasses not…

Q: Actual rate of interest on the principal for one year. A Nominal Interest B Compound Interest

A: The rate of interest on principal is returns for postponing consumption or spending. High rate of…

Q: Renting would be better than buying for an individual who does not want to need to pay for…

A: Renting - Renting is the amount paid for using the property and this use can be for personal…

Q: 2. is/are repaid in monthly payments. O Bankruptcy Credit O Installment loans IOU's

A: An installment loan is normally a one-time loan that provides amount in a lump sum. Lender…

Q: What is the future amount is due at the end of the loan period

A: Here T = 13 months     R = 20%    P = 2000

Q: It is the amount of money paid for the use of borrowed capital. Future Worth Interest Principal…

A: Capital is often defined as the cash or any kind of asset which can be used to make expenditures.…

Q: What are some pros and cons of being a real estate agent?

A: Pros of being a real estate agent By being a real estate agent,one can earn money and increase…

Q: What is the compounding process?

A: The interest rate earned on a financial asset or paid on a financial obligation can be applied in…

Q: True or false: you can request your free credit report online, over the phone, or by mail one time…

A: Credit Report is of great importance as it provides valueable information about the credit history…

Q: You can afford a $900 per month mortgage payment. You've found a 30 year loan at 6.5% interest. a)…

A: Given  Monthly mortgage payment A = $900 Time t= 30 years  Rate of interest =6.5% compounded…

Q: How much should Heather repay her grandmother?

A: a) S.I formula to calculate amount is A=P x (1+rt) = 5000 x (1.14) =$5700

Q: Do the credit card interest rates vary with creditworthiness? how?

A: Yes, the credit card interest rates vary with creditworthiness.  To set the interest rate on the…

Q: What is the Deferred Savings Plan?

A: A  deferred savings plan is a plan  which allows the taxpayer to pay money in  the plan and  then…

Q: The first thing paid when repaying a loan is the principal. True or False?

A: Principal denotes the original amount of money borrowed by the individual for meeting his/her needs.…

Q: As a student, are you saving or borrowing? Why?

A: Disparities in income and expenditure encourage people to save or borrow. An individual who makes a…

Q: List the elements of Transactions involving Interest?

A: Interest is a charge made to a lender in addition to the principal by a borrower, and it is a…

Q: Distinguish between Loan and Project Cash Flows?

A: Loan Cash Flows   It refers to the borrowing of unsecured nature that is used by small businesses in…

Q: income from a steady job any assets they own (your response) credit cards money from a loan

A: A chapter 13, bankruptcy is also called as wage earner's plan. This allows an individual with…

Q: The is an initial payment toward the purchase of the item financed.

A: Credit purchase refers to a type of purchase in which the buyer does not make a payment through cash…

Q: What is the difference between a secured loan and anunsecured loan?

A: A loan is when money is being given to another party in exchange for repayment of the principal…

Q: You save $1500 a year into a 401(k) account that you invest in a mutual fund earning 7% per year.…

A: Here, by analyzing the information, it can be said that: Annuity (A): $1500 Interest rate (i): 7%…

Q: What is the Tuition Prepayment Option?

A: Tuition Prepayment helps assist families with supporting against inflation by offering a fixed…

Q: please solve it as soon as possible

A: Given the retailer demand as, 1) Retailer buys 76 television if the price is $375 ,and  2) Retailer…

Q: Lenders use your credit score -- to see if you've earned your degree to criticize your financial…

A: A credit score is a report that states the person's previous and present loan details, repayment…

Q: How does amortization help in making loans affordable?

A: Concept Amortization is the technique of repaying a loan in monthly interest and principal…

Q: What does paying rent help you do? buy a home build equity in your building buy a condo build your…

A: A credit rating is a measurement of a person or business entity's ability to repay a financial…

Q: How can the company consider quality Improvement?

A: Quality consultants and quality systems prevail in the corporate community, and for several micro to…