Ask Question
BusinessBusiness
31 October, 12:05

Interest charges on notes payable may be based on a (n) :

+5
Answers (1)
  1. 31 October, 12:28
    0
    Interest charges on notes payable may be based on a fixed or variable interest rates.

    A fixed interest rate does not change the interest amount charged over the length of the loan. With a fixed interest rate borrows can predict their payments.

    A variable interest rate can change during the course of the length of the loan. The market can determine the change in interest rate and it is hard to accurately determine your payment for the length of the loan.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Interest charges on notes payable may be based on a (n) : ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
This monetary policy the economy's demand for goods and services, leading to product prices. In the short run, the change in prices induces firms to produce goods and services. This, in turn, leads to a level of unemployment.
Answers (1)
The Drogon Co. just issued a dividend of $2.21 per share on its common stock. The company is expected to maintain a constant 5 percent growth rate in its dividends indefinitely.
Answers (1)
If supply is quite elastic, an increase in demand for output will: a) increase equilibrium price substantially and increase equilibrium output substantially. b) increase the equilibrium price substantially and increase equilibrium output slightly.
Answers (1)
Thomas Company has decided to purchase a company vehicle. The accountant was given all of purchase details. Which should be used to record the vehicle in the accounting records? The price negotiated with the dealer.
Answers (1)
Butte sold a machine to a machine dealer for $50,200. Butte bought the machine for $54,800 several years ago and has claimed $12,400 of depreciation expense on the machine. What is the amount and character of Butte's gain or loss?
Answers (1)
New Questions in Business
On September 1, 2021, Daylight Donuts signed a $188,000, 6%, six-month note payable with the amount borrowed plus accrued interest due six months later on March 1, 2022.
Answers (1)
When the Central Bank acts in a way that causes the money supply to increase while aggregate demand remains unchanged, it is A) following an expansionary monetary policy. B) following a contractionary monetary policy.
Answers (1)
Which types of food items have labor "built in" to their prices? a. make or buy items b. convenience items c. scratch items d. standard items?
Answers (2)
This is a type of individual retirement account that is usually not taxed when money is withdrawn from the account
Answers (1)
Last year, Goran had $30,000 to invest. He invested some of it in an account that paid 7% simple interest per year, and he invested the rest in an account that paid 10% simple interest per year.
Answers (1)
Home » Business » Interest charges on notes payable may be based on a (n) :
Sign Up Forgot Password?