Q: How does the credit card company calculate the interest payment?
A: The credit card has been an important tool to increase the purchasing power. This facility has…
Q: Why does the user of an income statement need to know the time period that it covers?
A: Income statements are a record of all income received by an individual from different sources in…
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: 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: 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: What is fractional ownership?
A: Ownership:The term ownership refers to the legal right or exclusive right over the commodity. For…
Q: What are some common examples of expenses?
A: To generate revenue, the business organizes many activities. The cost of doing these activities are…
Q: Do answer quickly asap
A: Changes in market conditions will have a significant impact on a producer's producing and selling…
Q: Distinguish between Simple interest and Compound Interest?
A: Interest rate refers to the percentage of a principal amount charged by a lender to a borrower.
Q: Summarizes some of the interest formulas?
A: Simple interest = (P*R*T)/100 where, P : Principal amount R : Rate of interest per annum…
Q: Discretionary and Essential Expenses
A: Expenses of the firms are the major and most important part of a business firm or a company. The…
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: still make all interest payments? r
A: *Answer: The debt-to-GDP ratio is the percentage of a country's debt to its GDP. It is used to…
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: What type of professional is trained to help you save for retiremer O financial planner O auditor O…
A: A professional helps people to manage and plan the finances prudently. Such planning helps the…
Q: Offer, acceptance, and consideration are necessary elements of A.a warranty B.a…
A:
Q: Which healthcare benefits retirees get differ from those provided by pensions?
A: A pension plan is financed by the business, while a retirement is funded by the worker. (A few…
Q: Is Social Security expected to be around when you retire? Write a paragraph of at least 100 words…
A: Social security is defined as a federal program under which retirement benefits are provided to…
Q: How do insurance companies make money?
A: As a for-profit firm, an insurance company must develop an internal business model that collects…
Q: Please check if information is accurate. Please include stuff I have missed.
A: What is (RRSP) A Registered Retirement Savings Plan (RRSP) is a retirement reserve fund and…
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: Differentiate between Simple interest and Compound interest?
A: In economics, interests are the costs of borrowing money. The economic agent who is borrowing the…
Q: What is Compound interest?
A: Simple Interest: The simple interest is the interest that is paid on the principal amount. For…
Q: What are some strategies a homeowner can use to
A: 1)Ready set Refinance Assuming you have great credit, renegotiating is an extraordinary method for…
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: What is the maturity date of a loan taken out on September 9, 1998 for 125 days?
A: The loan is taken out on September 9, 1998, for 125 days So maturity date of this loan will be 125…
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: 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: Future value) Leslie Mosallam, who recently sold her Porsche, placed $11,000 in a savings account…
A: here we calculate the future value at different year which are as follow-
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: 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: Choose one of financial instruments which you think comply “100%” with Islamic values. Explain.
A: Financial institutions, financial instruments, and financial regulators make up an economy's…
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: What are the three different ways to compute interest charges?
A: There are three different interest calculation methods. They are Fixed Flat Declining Balance…
Q: what is the difference between Credit and Consumer credit?
A: Introduction Credit is a types of arrangement to receive cash or any service which you can use in…
What is mortgage insurance?
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