Business

23 January, 14:27

Use the following chart to explain how the loan repayment period affects the total cost of the loan. Loan Repayment PeriodLoan 1 Loan 2Principal $5,000 $5,000Interest Rate 6.47 percent 6.47 percentMonthly Payment $98 $57Loan Repayment Period 5 years 10 yearsTotal cost of the loan $5,866 $6,804

+2

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “Use the following chart to explain how the loan repayment period affects the total cost of the loan. Loan Repayment PeriodLoan 1 Loan ...” 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

In the Wealth of Nations, Adam Smith said that one reason specialization makes someone more productive is because "a man commonly saunters a little in turning his hand from one sort of employment to another.

The Sheridan Company purchased $7140 worth of laundry supplies on June 2 and recorded the purchase as an asset. On June 30, an inventory of the laundry supplies indicated only $1260 on hand.

Suppose your company runs a shuttle business of a hotel to and from the local airport. The costs for different customer loads are: 1 customer: $30 2 customers: $32 3 customers: $35 4 customers: $38 5 customers: $42 6 customers: $48 7 customers: $57

A company known for its high-quality watches and clocks introduces a line of well-designed pocket watches to increase its market share.

Governments may create to discourage companies from producing negative externalities.

New Questions in Business

1. A complaint of sexual harassment by a part-time worker in a hardware business was upheld when the Tribunal found that the employer had failed to take sufficient action in relation to the employee's report of inappropriate behaviour.

Suppose that the government sets a price floor for milk that is above the competitive equilibrium price With the price floor, consumers are willing to purchase the quantity indicated where the price floor intersects the With the price floor, the

Choose the best revision of the previous sentence. Because many executives have access to company jets boards of directors have a responsibility to ensure that shareholders are not footing the bill for personal travel.

Who puts the federal budget together?

Board Games, Inc. makes board games. The following data pertains to the last six months:Direct Labor HoursManufacturing OverheadMonth 1 45,000 $295,000Month 2 60,000 $320,000Month 3 57,000 $323,000Month 4 52,000 $247,250Month 5 34,000 $178,200Month