BUSINESS HIGH SCHOOL

Judy needs to take out a personal loan for $2,500 for tuition assistance. Her bank has offered her one of the four loan packages outlined in the chart below. Determine which of the four loans will be cheapest for Judy in the long run. All interest rates are compounded monthly. Loan Duration (Months) Interest Rate A 12 9. 50% B 24 8. 75% C 36 7. 75% D 48 6. 60% a. Loan A b. Loan B c. Loan C d. Loan D.

Answers

Answer 1
Answer:

Based on the present values of the personal loan of $2,500 at their different duration and interest rates, the cheapest loan is a. Loan A.

Data and Calculations:

Loan  Duration (Months)   Interest Rate          Payments        Total Interest

                                                                   Monthly      Total        Expense

A                    12                      9. 50%      $219.21     $2,630.51     $130.51

B                   24                      8. 75%      $113.93       $2,734.21   $234.21

C                   36                      7. 75%       $78.05     $2,809.90   $309.90

D                   48                      6. 60%      $59.40     $2,851.33    $351.33

Personal loan amount = $2,500

Thus, Loan A is the cheapest because it has the highest present value and the lowest interest expense.

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A company contacted Zach about a job opening. However, he does not know much about the company. What is the best way to learn about a company in preparation for the interview?

Answers

Answer:

Zach can explore several options for finding out about this company. Some of them include.

Explanation:

  1. Zach can search for the company online. If the company has a website, then Zach can learn a lot about the company from the site. The online method is the most convenient. Many organizations will always have updated and detailed information on their websites.
  2. If the company is not far from where Zach stays, he can visit the    company and get all the information he requires. He can pose as a customer and request brochures and other relevant materials.
  3. Zach can use friends and family to get the information he needs from   other employees of the company.

Final answer:

To learn about a company before a job interview, Zach can use the internet to research about the company, leverage social networking sites like LinkedIn for insights, observe and analyze the required skills for the job, and, if possible, interview current employees of the company.

Explanation:

In preparation for a job interview, Zach should leverage the power of the internet to learn about the company. Conducting an online search can provide him with useful information about the company's history, philosophy, products or services, culture, and more. Social networking sites such as LinkedIn can be particularly useful, as they often provide insights into the company's operations, its peers, and even the people who work there.

It is also helpful for Zach to observe and analyze the skills and qualifications required for the job, usually available in job listings or descriptions.

Lastly, if it is possible for Zach, he may want to interview people currently holding the same or similar position. They can provide firsthand information about the day-to-day tasks, the work environment, and other expectations of the job.

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a person who is named to receive the proceeds from a life insurance policy is a(n) group of answer choices policyholder. beneficiary. child. insurer. contract.

Answers

A person who is named to receive the proceeds from a life insurance policy is a beneficiary.

In the context of life insurance, the beneficiary is the individual or entity designated by the policyholder to receive the death benefit or proceeds from the policy upon the death of the insured person. The policyholder is the person who owns the life insurance policy and pays the premiums to the insurer. The beneficiary can be a family member, spouse, friend, trust, or any other person or organization chosen by the policyholder. It is the beneficiary who will receive the financial payout specified in the policy upon the insured person's death. The insurer is the insurance company that provides the life insurance coverage and administers the policy according to the terms and conditions outlined in the contract between the insurer and the policyholder.

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xplain how to calculate the balance of trade. how does the growing united statestrade deficit impact the economy? why?

Answers


A growing U.S. trade deficit impacts the economy by potentially causing job losses, influencing currency exchange rates, increasing borrowing and debt, affecting economic growth, and leading to policy changes like protectionism. It's a complex issue with various economic consequences.

Paying rent is a needwhile buying a new video game is a want
 If you buy a new video game, you cannot pay your cell phone bill. This is an example of...

setting a long term goal
setting a short term goal
realizing opportunity cost

Answers

Answer:

realizing opportunity cost

Explanation:

Opportunity cost is a dilemma where consumers need to choose what to do with their money. To buy something he or she wants, he or she necessarily needs to forgo other possible ways to spend their money. This is because consumers have a financial constraint, meaning they can't buy everything they want. Thus, the opportunity cost of buying a video game is all that one fails to buy with the money spent on buying the video game. For example, he or she could take a trip, buy an outfit etc. Thus every consumer choice involves an opportunity cost. In the narrated case, if he buys the video game, he will not have money to pay the phone bill. Being without a phone is very bad, so the opportunity cost in this case is high as it affects the welfare. Given this, the consumer will decide according to the usefulness of the video game and the mobile phone. Then he will choose to use the money for whatever brings him the most satisfaction and well-being.

Realising opportunity cost?

Which of the following commonly results in the financial failure of a firm?a. Diversification
b. Undercapitalization
c. Control of expenses
d. Management of cash flows

Answers

Undercapitalization commonly results in the financial failure of a firm. Undercapitalization is a situation in which a business has insufficient funding, or capital, to support its operations. 

Tree pruning company a charges a one-time $100 equipment fee and charges $50 for each tree that it prunes. Tree pruning company b charges a one-time $80 equipment fee and charges $60 for each tree that it prunes. Let the variable t represent the number of trees pruned and let the variable c represent the cost. For how many pruned trees will the cost be the same for both companies? which system of equations can be used to solve this problem?.

Answers

Both companies should purned 2 trees to charge the same total cost. The system of equations can be used to solved this problems are:

  • C = $100 + $50t = $80 + $60t

From the case, we know that each tree purning companies' total costs are:

Company  A cost = $100 once equipment fee + $50 per tree

Company B cost = $80 once equipment fee + $60 per tree

We can make the equation of total cost for both companies as:

Company A

c (A) = $100 + $50t

Company B

c (B) = $80 + $60

where:

c = total cost

t = number of trees

Since we want to know the number of trees when both companies's total cost are equal, we need to make both total cost equations equals.

c (A) = c (B)

$100 + $50t = $80 + $60t

$20 = $10t

t = 2 trees

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