What are the three different ways to compute interest charges?

Q: 1.) The bank charged Travis a $20 fee because his balance dropped below $0. He knows that he…

A: To avoid bank charges Travis has to clear all his dues and maintain a minimum balance of $0 so, the…

Q: should banks have the right to assign a mortgage to a third party?

A: Answer in step 2.

Q: Nicholas made a deposit of $5,000 in a savings account that earns 2% per year. What is the maximum…

A: here we calculate the given by following method as follow;

Q: True or False: Revolving credit accounts never provide benefits to consumers. O True O False

A: Credit cards and charged cards are interchangeable terms. The bank is the one who issues them. It…

Q: Transactions on a debit card can't affect your credit history. O True O False

A: Answer :-   True    Transactions on a debit card can't affect your credit history.           The…

Q: What are the differences between credit default swap and insurance? Please explain it in your own…

A: Credit default swap Vs. Insurance Answer: It is a financial derivative that gives investors an…

Q: If you make a late payment on a 0% interest credit card, you're responsible for paying the entire…

A: The statement is false If we make late payment on a 0% interest card , then the bank may charge…

Q: Bank A charges 12% compounded monthly on its business loan. Bank B charges 11.8% compounded daily.…

A: The best bank to borrow money can be selected based on the following method.

Q: hazel borrowed 100,000 and must repay a total of 130,000 exactly two years later. How much is the…

A: Using the formula to solve.

Q: Does IRS have my direct deposit info?

A: IRS stands for Internal Revenue Service which represents the federal government's revenue services,…

Q: The break-even po

A: Profits are the excess of revenue receipts over the costs incurred by the firms.

Q: Factors that influence the use of money vs credit cards.

A: Money: Money is an widely accepted instrument used as measure of value, a medium of exchange, a…

Q: What are differences between digital cash and cryptocurrency?

A: Digital Cash and Cryptocurrency is intangible money which cannot be seen in the form of currency in…

Q: why is it critical for consumers to truly understand the effect of interest on their credit cards?

A: A credit card is a payment card that enables the owner to borrow funds to pay for purchases. Since…

Q: Explain Methods of Calculating Interest?

A: Answer -  Interest = It is the extra amount of money a lender which charge to a borrowers.  there…

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: I need assisstance with A,B, and C pleas

A: Fixed cost remains the same throuhgtout output and is 100 at output of zero ATC = TC / output AVC =…

Q: How much money will you have in seven yearsif you deposit $7,000 in the bank at 8.5%…

A: Compound interest rate is addition to the interest of interest. It can be applicable both loan and…

Q: . If you borrowed $24,000 at 12% annual interest. You agreed to repay the loan with five equal…

A: Here we calculate the following by using the given information and conclude the answer so the…

Q: Explain what is interest Rate Swaps (IRS) and Who are the parties in an IRS.

A: Interest rate swaps (IRSs) are interest rate derivatives in the financial industry (IRD).  It's a…

Q: Describe Factors that influence the use of money vs credit cards.

A: Money: Money is a widely accepted instrument used as a measure of value, a medium of exchange, a…

Q: 1. What are some of the problems with paying only the minimum monthly payment on a credit card? 2.…

A: 1. The primary use of credit cards is to use money and repay without interest. If one is paying only…

Q: You can improve or damage your credit history with a credit card. O True O False

A: The economics as a study is based upon the idea that the resources which are present with each…

Q: (4) You want to buy a Ford SUV with a list price of $48,000. Dealer A offers to sell it for a…

A: Pay 42000 cash or pay 48000 in installment 0% Interest on financing Interest on saving account 10%

Q: You take out a loan of $12,000 to pay for a piece of equipment. You plan to repay the loan in 16…

A: Suppose you want to pay the first installment at the end of the year. So 16 equal payments of $1100…

Q: Do commercial banks have different categories

A: - Commercial Banks(CBs) are the financial institutions that provide basic investment options as…

Q: What is mortgage insurance?

A: Mortgage insurance is the insurance policy which insures a mortgage loan in the case of the default…

Q: How can we determine the number of payment periods?

A: Investment: The act of putting the money on work in order to expand the business or the forgiving of…

Q: What are the major postpurchase processesengaged in by consumers?

A: After purchasing a particular product, a consumer can go through various levels of post-purchase…

Q: Define Add-on interest loans

A: The phenomenon of add-on interest combines the total principal amount that has been borrowed with…

Q: An open mortgage can be paid off in part or full with a reduced penalty. A) True B) False

A: In a market of loanable funds or mortgages, there are different forms of investment for different…

Q: Credit insurance ; pls draw and explain how does that work ?

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Explain with detail about interest rate deposit facility and lending facility

A: Answer-

Q: Question 15 Many credit card companies will let you determine your interest rate and your credit…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Causes and effects of low interest rates

A: The interest rate is determined by the intersection of demand and supply of loanable funds. It is…

Q: Which client had to have the financial services flow sent to them?

A: The economy is comprised of a wide range of sections called sectors. These sectors are contained…

Q: You are thinking of purchasing a house. The house costs $350,000. You have $50,000 in cash that you…

A: Annual Payments refers to the (x) the total amount of payments anticipated to be paid or received,…

Q: What is balance of payment?

A: Economics is a social science that discusses economic behavior regarding their unlimited wants in…

Q: WHAT ARE THE Regulation and enforcement (Accounting Profession) in UAE?

A: the UAE has adopted the IFRS(International Financial Reporting Standards) which are issued by the…

Q: Define what is meant by (pure) credit rationing. Save Answer

A: Rationing is a source of artificial control on the demand and supply of the goods and services.