andrew is choosing between four loans. loan p has a nominal rate of 10.393%, compounded daily. loan q has a nominal rate of 10.516%, compounded weekly. loan r has a nominal rate of 10.676%, compounded monthly. loan s has a nominal rate of 10.755%, compounded annually. which loan will give andrew the best effective interest rate?

Answers

Answer 1
Answer:

Andrew will choose loan s - which have a nominal rate of 10.755%, compounded annually.

What is a loan?

  • The term loan refers to a type of credit instrument in which an amount of money is lent to another party in exchange for future repayments of value or principal.
  • Lenders often add interest or financing costs to the principal, which the borrower must repay in addition to the principal balance.
  • A loan is a provision of money to another party in exchange for repayment of the loan amount plus interest.
  • A lender considers a potential borrower's income, creditworthiness, and debt level before deciding to provide a loan.
  • Loans may be secured by collateral, such as a mortgage, or unsecured, such as a credit card, gold, and property.
  • A revolving loan or line can be issued, repaid, and reissued, while a term loan is a fixed interest rate loan with a fixed interest rate.
  • loans are available as a one-time amount specified or as a permanent line of credit up to a specified limit.
  • Loans come in many forms, such as:
  1. secured loans,
  2. unsecured loans,
  3. commercial loans,
  4. and personal loans.

to know more about loan treatment refer to:

brainly.com/question/26011426

#SPJ4


Related Questions

If you use credit what are you creatingA line of credit B debt C Collateral D a default
"Audio files are extremely difficult to embed in a slide presentation because they are often unsupported file types." Is this statement true or false?A. This statement is false. Audio files of many types are supported by slide presentation software. B. This statement is true. Audio files are relatively recent and therefore the software cannot support them. C. This statement is true. Audio files take up so much space, slide presentation software does not support them. D. This statement is false. Audio files are especially vulnerable to corruption.
Information gathered from observing the growth of a fish over a month is calleda. data. b. inferences. c. variables. d. hypotheses.
A young investor would be best served by which kind of portfolio? A. Diverse & aggressive B. Diverse & conservative C. Uniform & aggressive D. Uniform & conservative
When a business grows through unrelated diversification, acquiring companies in different industries, it is called __________. a. a conglomeration. b. a strategy. c. the planning process. d. a competitive advantage.

Because of its highly efficient and low-cost distribution system, andro stores inc., a multinational retail corporation, has an edge over its rivals. andro's competitors will find it difficult to reproduce such a distribution system in the foreseeable future. it is clear, then, that andro has a(n) _____ over its competition.

Answers

It is clear, then, that Andro has a "sustainable competitive advantage" over its competition.

.

The present business condition is exceptionally competitive. It's currently much simpler and less expensive to fire up a business, especially with innovation empowering business to be led on the web and globally to win clients in remote markets.  

A sustainable competitive advantage is the key to business achievement. The power empowers a business to have more noteworthy center, more deals, better overall revenues, and higher client and staff maintenance than its rival


As the sonic brand grew, troy smith formed a business relationship with charlie pappe. This form of business ownership was a

Answers

Answer: Partnership

A partnership is a from of business ownership who come together with mutual consent in order to manage the business and share its profits.

The terms and conditions of this agreement and the quantum of profit for each partner is clearly stated in a document called the partnership agreement.

All the partners who actively manage the business and share the profits are called General Partners. The general partners are jointly and severally liable for the debts incurred by the partnership.

The form of business ownership was a partnership.

Further Explanation:

Partnership:

Partnership refers to the formal agreement between two or more parties for carrying out the business activities and participates in the profit and loss sharing of the business. There are many types of partnerships. In partnership, the liabilities of the partners are unlimited. However, in the case of limited liability partnership, the liabilities of the partners are limited.  

Determine the form of business ownership:

In the given case, Troy formed a business relationship with Charlie Pappe. Earlier, the Sonic brand was managed and operated by Troy alone. Therefore, it was a sole proprietorship before the introduction of Charlie Pappe. After the introduction of Charlie Pappe, there are two members in the business ownership. The business form of two people is classified as a partnership.  

Thus, the form of business ownership was a partnership.

Learn More:

  1. Learn more about the advantages of the sole proprietorshipbrainly.com/question/999392
  2. Learn more about the partnershipbrainly.com/question/1603188
  3. Learn more about the types of associationbrainly.com/question/2977841

Answer Details:

Grade: Middle school

Chapter: Partnership

Subject: Business studies  

Keywords: sonic, brand, grew, troy, smith, formed, business, relationship, Charlie, Pappe, form, business, ownership, unlimited partnership, company, two or more, members.

_____ is the federal branch responsible for creating guidelines and monitoring workplace safety.FCC
OSHA
WPS
USPS

Answers

OSHA is the federal branch responsible for creating guidelines and monitoring workplace safety.

It stands for OccupationalSafety and HealthAdministration.

What is OSHA?

The Occupational Protection and fitness management (OSHA /ˈoʊʃə/) is a huge regulatory company of the US branch of exertions that firstly had federal visitorial powers to look into and take a look at workplaces. Congress hooked up the organization below the Occupational protection and fitness Act OSH Act, which President Richard M. Nixon signed into law on December 29, 1970. OSHA's mission is to "assure safe and healthy operating situations for operating ladies and men through placing and imposing standards and by means of providing training, outreach, training, and assistance

OSHA has run training, compliance help, and fitness and protection popularity packages in the course of its history. The OSHA Training Institute, which trains government and personal region health and protection employees, began in 1972. In 1978, the enterprise began a grantmaking program, now referred to as the Susan Harwood schooling supply software, to train people and employers in decreasing place of business hazards. OSHA commenced the Voluntary protection programs in 1982, which allow employers to use as "version workplaces" to attain unique designation in the event that they meet positive requirements.

Learn more about the OSHA here brainly.com/question/1264446

#SPJ2

OSHA! it stands for Occupational Safety and Health Administration

What does free contract mean?

Answers

In economics, free contract is the concept that people may decide what agreements they want to enter into. Acontract may be described as freewhen it is free from force or fraud.

What is an extrinsic value

Answers

extrinsic value is the portion of the worth that has been assigned to an item by external factors. 

Answer:B. Something that is valuable because it leads to another value

Explanation:

Confirmed a correct answer on

Taking stock of your values, interest, personality, and skills mastery test on her Edmentum

Accountants are responsible for keeping ___ records of money transactions.

Answers

pretty sure answer is coherent