Bank M offers a better loan in every regard, so Maria should choose it over Bank N’s.
b.
Maria should choose Bank M’s loan if she cares more about lower monthly payments, and she should choose Bank N’s loan if she cares more about the lowest lifetime cost.
c.
Maria should choose Bank N’s loan if she cares more about lower monthly payments, and she should choose Bank M’s loan if she cares more about the lowest lifetime cost.
d.
Bank N offers a better loan in every regard, so Maria should choose it over Bank M’s.
Answer:
B
Explanation:
To answer this question we have to make comparisons between the two proposals.
1) Bank M
19700
7.1% compounded monthly = 86 annualy
5 years Maturity
Performing calculations, the outcomes:
Monthly Payment $391.01
Time Required to Clear Debt 5.00 years
60 Payments total of $23,460.82
Total Interest $3,760.82
2) Bank N
19700
7.8%
4 years maturity.
Monthly Payment $479.09
48 Payments total of $22,996.19
Total Interest $3,296.19
Both proposals consider a Constant Amortization System, with constant monthly payments. Notice also that Bank N offer lower total interest despite a higher monthly payment, and Bank M offer higher interest yield and lower monthly payment.
.
Answer:
Answer is B I am 2000% sure.
Explanation:
A "stereotype" is a general belief about a person or group of people that may not be true.
In social psychology, a stereotype is an over-summed up belief about a specific classification of people. Stereotypes are summed up on the grounds that one accept that the generalization is valid for every distinctive individual in the category. While such speculations might be helpful when settling on fast choices, they might be incorrect when connected to specific individuals. Stereotypes energize prejudice and may emerge for various reasons.
Answer:
switch away from growing soy beans and growing corn
Explanation:
if the price of corn increases,it would be an incentive for farmers to increase their production of corn so as to increase their profits.
more than 400 different models
Answer:
999 different types of cars in the wrld
Explanation: