Select the statement that is true about the relationship between the interest rate, the principal, the loan repayment period, and the total cost of the loan.
a. The shorter the loan repayment period, the higher the total cost of the loan.
b. The higher the principal the interest rate, the longer the loan repayment period.
c. The longer the loan repayment period, the higher the total cost of the loan.
d. The higher the interest rate, the longer the loan repayment period.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Select the statement that is true about the relationship between the interest rate, the principal, the loan repayment period, and the total ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Italy and India are countries that trade with each other. If Italy has a comparative advantage in cell phones and India has a comparative advantage in hats , which of the following is a correct statement about the effects of trade between these
Answers (1)
Jessica is representing her small business at a tenants' meeting negotiating rent rates with her landlord. She does not believe that negotiations must be based on a fixed pie whereby the landlord loses at the tenants' gain or vice versa.
Answers (1)
You plan to invest $2,500 in a money market account which will pay an annual stated interest rate of 8.75 percent, but which compounds interest on a weekly basis.
Answers (1)
On January 1, 2018 when the effective interest rate was 12%, Philips Co. issued bonds with a maturity value of $200,000. The stated rate of interest is 12% and the bonds pay interest semi-annually. Philips Co.
Answers (2)
On September 1, 2020, Pina Corporation acquired Kingbird Enterprises for a cash payment of $690,000. At the time of purchase, Kingbird's balance sheet showed assets of $570,000, liabilities of $230,000, and owners' equity of $340,000.
Answers (1)
New Questions in Business
Courington Detailing's cost formula for its materials and supplies is $2,000 per month plus $5 per vehicle. For the month of August, the company planned for activity of 95 vehicles, but the actual level of activity was 55 vehicles.
Answers (1)
Is the wi-fi alliance a non-profit standards organization? what is their goal?
Answers (1)
Suppose a firm has 10 million shares of common stock outstanding and seven candidates are up for election to three seats on the board of directors.
Answers (1)
How is globalization affecting the hospitality industry? Give specific examples of some of the changes.
Answers (1)
A pure project organizational structure minimizes the duplication of resources.
Answers (1)