Answer:
P=R(1-(1+i)^-n/i)
Explanation:
Where P=8,470
R=Monthly installment
I=7.5%
N=10*12=120
By using above data we get R=$100.54 per month
Answer:
Since the interest varies every month, it will be too long to write down how much she will save, but on the attached spreadsheet you can find the amount saved during the first 54 months.
Viola will save $2,382.84 during the 54 months that the government will subsidize her loan.
Explanation:
The current rate for direct subsidized or direct unsubsidized undergraduate loans (4 years) is 4.53%.
The advantage of a subsidized loan is that the government pays the interest during the first 4 and a half years, so Viola will pay only principal. Since the question gave us a 7.5% rate, I will use that rate to calculate the monthly payment on an excel spreadsheet.
The monthly payment for both loans is $100.54, but Viola will have a discount during the first 54 months. The interest varies monthly, but the total amount of interest that she will save during the first 54 months (4 1/2 years) is $2,382.84.
b. emotions
c. peer pressure
d. attitude
The correct option is (c).
Peer pressure is not an internal factor of decision making.
Further Explanation:
The internal factor of decision making:
The internal factors of decision making are ethics, emotions, and attitude.
Justification for the correct and incorrect answer:
a.
ethics: This option is incorrect.
While taking any decision, ethics are considered as it is crucial, and ethics and values must be considered while making any decision regarding anything.
b.
emotions: This option is incorrect.
While decision making, it is an essential internal factor to consider emotions.
c.
peer pressure: This option is correct.
Peer pressure is not an internal factor of decision making. Therefore, this option is correct.
d.
attitude: This option is incorrect.
Attitude affects the decision-making process, and it is an essential internal factor of decision making.
Therefore, peer pressure is not an internal factor in decision making.
Learn More:
1. Decision making
2.Maslow theory of motivation
3.Motivation effect from money
Answer Details:
Grade: High school
Chapter: Decision making
Subject: Business studies
Keywords:
Which of the following is not an internal factor of decision making, ethics, emotions, peer pressure, attitude, peer pressure is not an internal factor of the decision making, therefore, this option is correct, while taking any decision, ethics are considered as it is crucial, and ethics and values must be considered while making any decision regarding anything, while decision making, it is an essential internal factor to consider the emotions, attitude affects the decision-making process and it is a crucial internal factor of decision making.
Answer:
expansionary
expansionary
contractionary
Payday loans payment method typically charges the highest interest rates, which charge interest rates of 391% APR or more.
Hence, the answer is D.
Payday loans typically charge interest rates of 391% APR or more. This means that if you borrow $100, you will pay back $391 in interest over the course of the loan.
Credit cards typically charge interest rates of 16% to 25% APR. Prepaid cards and cashier's checks do not charge interest.
Here are the interest rates of different payment methods:
Payday loans - 391% APR or more
Credit cards - 16% to 25% APR
Prepaid cards - 0% APR
Cashier's checks - 0% APR
It is important to be aware of the interest rates associated with different payment methods before you borrow money. Payday loans are a very expensive way to borrow money, and they should only be used as a last resort.
Learn more about interest rates here: brainly.com/question/28272078
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Option (d) is correct. Payday loans typically charges the highest interest rates.
Further Explanation:
Payday loans:
Payday loans are short-term in nature and has a high interest rate. These loans are granted in a very short period of time and the borrower pays when he/she gets his/her next paycheck. These kind of loans charge high interest rate because they are granted very quickly. The loan amount does not exceed the salary of the borrower.
Justification for the correct and incorrect options:
a.
Credit card: This is an incorrect option.
Credit card charges interest but their rate of interest is lower than the payday loans.
b.
Cashier's checks: This is an incorrect option.
Cashier’s check does not charge interest but charges a small amount of fee.
c.
Pre-paid cards: This is an incorrect option.
Pre-paid cards does not charge interest.
d.
Payday loans: This is the correct option.
Payday loans charges high interest for a short-term loan.
Learn more:
1. Learn more about the money owed to the credit card company
2. Learn more about the common credit card fee
3. Learn more about making an on-time minimum payment of credit card
Answer details:
Grade: Senior School
Subject: Business Studies
Chapter: Money and Banking
Keywords: payment, method, typically, charges, highest, interest, rates, credit cards, cashier's checks, pre-paid cards, payday loans.
Answer: Product-differentiation
Explanation: Product-differentiation strategy is a marketing technique that seeks to differentiate an organization’s commodity or services from the rivalry in business. It includes finding out and relaying of the peculiar characteristics of a business’s donations while bringing out the differences between those donations and others on demand. However, it goes together with improving a strong significance recommendation to make a commodity or service desirable to marked consumers.