Suppose that you took out a loan with a principal of $24,680. To pay off the principal and the interest, you made quarterly payments of $1,382 for six years. Furthermore, you paid a service charge of $396. What was your total finance charge?

a.
$396
b.
$8,488
c.
$8,884
d.
$8,292

Answers

Answer 1
The solution to the problem is as follows:

$1382*24 (4 payments per year * 6 years)=$33,168+$396=$33,564 (Total)

$33,564-$24,680=$8,884
 
Therefore the total finance charge is c.$8,884.

I hope my answer has come to your help. God bless and have a nice day ahead!
Answer 2

Answer:

finance charge is c.$8,884.

Explanation:


Related Questions

Some states have enacted balanced budget amendments that prohibit annual spending from exceeding annual revenues. Please select the best answer from the choices provided T F Some states have enacted balanced budget amendments that prohibit annual spending from exceeding annual revenues. Answer is True. [ ]

Answers

True because it is right 

What portion of discretionary spending is typically spent on defense?

about half
about two thirds
about one fourth
about one third

Answers

2/ About two thirds of the discretionary spending is spent on defense.

Answer:

about half

Explanation:

in 2015, military spending accounted for 54 percent of all federal discretionary spending

A budget is _____.

Select the best answer from the choices provided.
A).a comprehensive plan of how one manages their money
B).a comprehensive plan which brings one into unmanageable debt
C).income
D).expenses

Answers

A would be the correct answer for this question.
Hope this helped!!
You really didn't have to waste points on this as this is a really obvious answer so to help you your answer is A).a comprehensive plan of how one manages their money

steve and his brother used to work at the same organization. a few months ago their employer terminated them because the business had slowed due to slow economic growth in the country. a couple of months later, steve found out that many of his friends are also unemployed. the government stated that gdp had fallen for two consecutive quarters. steve’s country is experiencing which economic phase?
A.) Inflation
B.) depression
C.) Deflation
D.) recession

Answers

The answer is D, recession

Answer:

D.) recession

Explanation:

A recession is a state in which there is a negative down turn in an economic growth causing the GDP growth to reduce drastically.If a country's economy is facing recession, business sales and revenues would decrease thus causing lot of businesses to stop expanding. This would latter lead to retrenchment of staff and cause an inccrease in percentage unemployment rate.

_____ is used to measure the standard of living, or quality of life.

GDP per capita
Population
Gross National Product (GNP)

Answers

this is incorrect the right answer is GDP per capita

Answer:

GDP per capita

Explanation:

It is less important to account for factors like warranties and durability when purchasing a
A. durable good
B. long-term product
C. nondurable good
D. very expensive item

Answers

it is less important to account for factors like warranties and durability when purchasing as :
A. durable good
Since you probably buy this for a long-term usage

hope this helps

It is a nondurable good.  As this would not have warranties and durability.

Which of the following statements explains the relationship between Social Security and Medicare taxes?
a.
Both Social Security and Medicare are applied to all wages up to the maximum taxable earnings.
b.
Both Social Security and Medicare are applied to all wages without limit.
c.
Medicare is applied to all wages up to the maximum taxable earnings. Social Security is applied to all wages without limit.
d.
Social Security is applied to all wages up to the maximum taxable earnings. Medicare is applied to all wages without limit.

Answers

The best and most correct answer among the choices provided by your question is the fourth choice or letter D.

The statement "Social Security is applied to all wages up to the maximum taxable earnings. Medicare is applied to all wages without limit." best explains the relationship between Social Security and Medicare taxes.

I hope my answer has come to your help. Thank you for posting your question here in Brainly. We hope to answer more of your questions and inquiries soon. Have a nice day ahead!

Answer:

D is the answer

Explanation:

Bridget has opened a new clothing boutique. When would you say that the clothes she sells are in demand?
a.if buyers have the ability and desire to buy the clothes
b.if Bridget has the ability and desire to buy the clothes
c.if Bridget has the ability and desire to sell the clothes

Answers

The correct answer is a.if buyers have the ability and desire to buy the clothes

This example has a lot to do with the market demand and production ideas. If the people can't buy it then the product won't succeed. If they won't buy it then it won't succeed either. So you need both the desire and the ability on the side of the buyer.

Answer:

A.  

if buyers have the ability and desire to buy the clothes

Explanation:

PLEASE HELP!!!!!


How did poor intellectual property laws benefit the United States during the Industrial Revolution?

They decreased labor costs.
They increased exports.
They encouraged people to buy goods produced in the U.S.
They allowed entrepreneurs to make advances to industry.

Answers

encouraging people to buy goods produced in the U.S.

I think your answer would be C. They encouraged people to buy goods produced in the U.S.

The amount of money in the economy is called the _____.

Answers

The answer would be   Money supply refers to the amount of money available in the economy. It can be in different forms like cash, coins, and balances that are usually held in different checking and savings accounts. It also refers to the entire stock that a country has available within its economy.


Answer:

Money supply

Explanation:

it is trust

Carlos is looking to open an account at a bank, but wants to avoid as many fees as possible. Which would NOT help minimize fees paid to a bank?

Checking with the bank to know what fees it has so he can avoid them.



Only using his bank's ATMs to avoid ATM fees.



Avoiding the use of a check register.



Comparing various banks' fees and services.

Answers

I believe that the option that would not help minimize fees paid to a bank is avoiding the use of a check register.
Check registers can usually minimize any fees, so if Carlos is avoiding using them, that would not help him minimize his fees. The other options would. 

Answer: c for plato

Explanation:

Which statement is false?
A monopoly sells lower-quality products at higher prices than in a perfect competition.
Natural monopolies are necessary to avoid wasteful duplication of resources.
Collusion is legal in the United States, but cartels are not.
The start-up costs in a monopolistically competitive industry are low.
Homogeneous products leave consumers with no choice.

Answers

the answer is The start-up costs in a monopolistically competitive industry are low.

The correct answer is C. Collusion is legal in the United States, but cartels are not.

Both collusions and cartels are illegal in the United States

What happens in one sector of the economy often affects other sectors of the economy.
A. True
B. False

Answers

True.

The sectors in an economy are interdependent, such as the primary, secondary and tertiary sectors. Farmers may use security or storage services, and may provide vegetables for restaurants providing a dining service.

The answer to your question is true

About how many tax returns are selected by the IRS of adults each year?

Answers

A little over 1% of all returns are selected for audit each year.

List at least four investment alternatives.

Answers

hedge funds

managed futures

real estate

commodities

Answer:

1. Private Equity

2. Commodities

3. Structured Products

4. Collectibles

Explanation:

I got it right on Odyssey   : )

Why is self-representation important in the corporate world?

a. It determines the kind of interaction you have with your coworkers.
b. It determines the percentage of salary increases during appraisals.
c. It shows that you are an honest person with strong work ethics.
d. It shows your self-management abilities.
e. It helps you avoid conflicts

Answers

The correct answer is A. It determines the kind of interaction you have with your coworkers.

Explanation:

The term "self-representation" refers to ideas, beliefs, and conceptions people have about themselves, and the way these shape the image they show to others. Besides this, self-representation shapes attitudes, behaviors and interactions with others, for example, if you consider yourself as superior to others, it is likely you are arrogant, and as a result of this, you will have a negative interaction with other people. This is especially relevant in the corporate world as this can affects professional relationships. According to this, self-representation is important because "It determines the kind of interaction you have with your coworkers".

Answer:

A. It determines the kind of interaction you have with your coworkers.

Explanation:

For all Plato users

Individuals have to choose whether to save or invest since it is not recommended to do both
True or false?

Answers

False. Investing is sometimes considered a form of saving money people use other than savings accounts

for this answer it would be false 

Money that your company has in the bank in case of unexpected financial needs or in case sales slow down is called

Answers

Answer: cash reserve

Explanation:

Edge utility

Mary Martin earns a gross salary of $2,000 per month. State unemployment insurance of $90 is withheld from each of her monthly checks. What percent of gross earnings is state unemployment insurance?

Answers

So in order for us to know the answer, let us analyze the given problem. Given that Mary's gross salary is $2,000 per month, and that the state unemployment insurance is $90, we can get the percentage of this by simply dividing 90 by 2000 and we get 0.045 or in percent, this would be 4.5%. Hope this is the answer that you are looking for.

What is the main advantage of using a credit card?

Answers

It is time saving.
it is quick and efficient
the main advantage of using a credit card is to get money

Which of these businesses are in monopolistic competition?
a. Two clothing shops, one selling women's clothing and the other selling kids' clothing
b.Two agricultural producers, each selling a variety of kinds of citrus fruit
c.Two pet stores, one of which sells dog products and the other of which sells bird products
d.Two phone providers, each offering benefits to customers who switch to its service

Answers

d. because  they want the same customers and have the same product

Answer: d. Two phone providers, each offering benefits to customers who switch to its service

Explanation:

Monopolistic competition occur when there are many firms producing different products which has close substitutes, that is the products are similar. Also, products are known or recognised based on their quality or design and producers are free to enter or exit because there are no barriers. Hence, advertisement is used in promoting sales of goods and services and firms tend to lower prices in order to sell their goods.

which of the following is NOT a step you should take to work with electrical portable tools safely? a. never carry a tool by the cord b. turn on energy sources and lock switcg gear in the ON position c. use alll equipment according to the manufacturers instructions d. use only approved equipment

Answers

The step that you should not take to work with electrical portable tools safely would be turning on energy sources and lock switch gear in the ON position because it would endanger your life. Turning on energy sources will emit electricity to the gear and if you will lock it, there might be a danger that you will get grounded.

What do you call the materials that help you achieve your goals?

Answers

the materials that helps you achieve your goals are called  :
Resources
Example of resources are :
- Capital
- Connection
- Skilled workers

hope this helps

The materials that help you achieve your goals are referred to as Resources .Example of resources include knowledge, capital, connections...All of these can help you achieve you goal, business goal for example. If you have capital (financials) you can start your business, if you have knowledge you can work towards achieving your ideas and goals. Connections (social) are also very important.

Which of the following actions would likely raise automobile insurance premiums?


Maintaining a safe driving record
Never being involved in a collision
Receiving multiple speeding tickets
Taking a comprehensive safe driving class

Answers

Receiving multiple speeding tickets would likely raise automobile insurance premiums. Usually it is raised more for boys versus girls.

Answer:

Receiving multiple speeding tickets

Explanation:

The action that would likely raise the automobile insurance premiums is receiving multiple speeding tickets because this indicates the insurance company that this person has a high risk of accidents because of the way that drives and with the higher risk, the insurance premium will increase.

The other options: maintaining a safe driving record , never being involved in a collision and taking a comprehensive safe driving class don't increase the risk of being involve in an accident so the insurance company they won't raise the premium.

The main purpose of the company known as Credit Mobilier was to
a. Build the transcontinental railroad
b. Obtain political positions for its shareholders
c. Obtain a monopoly of the railroad industry
d. Filter money from inflated construction back to the company shareholders

Answers

The best and most correct answer among the choices provided by your question is the fourth choice or letter D.

The main purpose of the company known as Credit Mobilier was to filter money from inflated construction back to the company shareholders.

I hope my answer has come to your help. Thank you for posting your question here in Brainly. We hope to answer more of your questions and inquiries soon. Have a nice day ahead!

__________ is a specialized accounting book, where transactions are categorized according to type. for example, all utility transactions are recorded in the same category.

Answers

the ans is a balanced sheet it the only acounting document that categorizes data

the ans is a balanced sheet it the only accounting document that categorizes data

Explain the difference between at least four different post-secondary options, and provide an example of one possible career choice that exists within each option.

Answers

Postsecondary education refers to those whose highest level of educational attainment is an apprenticeship or trades certificate or diploma (including 'centres de formation professionnelle'); college, CEGEP or other non-university certificate or diploma; university certificate or diploma below bachelor level. Examples of institutions that provide post-secondary education are vocational schools, community colleges, independent colleges (e.g. institutes of technology), and universities in the United States, the institutes of technical and further education in Australia, pre-university colleges in Quebec, and the IEK

Standards of performance, or "performance goals" are used to?
A. Communicate nonverbally
B. Determine a worker's attitude
C. Measure effectiveness but not efficiency
D. Measure Productivity

Answers

The right answer is A. communicate nonverbally

Drew is considering purchasing a new vehicle. What are three things he should review closely on the contract

Answers

The actual purchase price, the term of the loan/monthly payment, and the dealer fees

A natural monopoly can occur when the average cost of making a good _____ a lot as output increases.

decreases
increases

Answers

A natural monopoly can occur when the average cost of making a good decreases a lot as output increases. Hopefully the demand goes up as well!

The answer is: Decreases

Natural monopoly refers to a type of monopoly that exist because the start up cost to start similar business is too high.

This could only occurs if there is a single company exist for a long period of time, to the point where it acquire enough assets to make the average cost of making their goods at the lowest point while maximizing their inputs.


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