tamasia tamasia

Today at 2:44 AM
Mathematics

Answered

Sean is buying a new motorcycle and is looking for the best loan to pay for his purchase. What loan should he chose?
A.
Loan with the highest APY

B.
Loan with the highest APR

C.
Loan with the lowest APY

D.
Loan with the lowest APR

Answer :

MissPhiladelphia MissPhiladelphia

Today at 2:50 AM

When someone talks about APR in relation to saving, what they really mean is the "periodic rate" or simply "the rate." It's important to note that APR is a term that applies to loans. While APY, or annual percentage yield, is a term that applies to deposit accounts. So for the given problem chose the lowest APR.

Answer Link

Other Questions

Ten years ago, you put $200,000 into an interest-earning account. Today it is worth $375,500. What is the effective annual interest earned on the account?

Ten years ago, you put $200,000 into an interest-earning account. Today it is worth $375,500. What is the effective annual interest earned on the account?

The yield curve is upward sloping. Here are characteristics of a bond you bought today: N = 10, I/Y = 1.5%, PV = $-1,000, PMT = $30, FV = $1,000 The current 4yr

1) how many small cubes(1mm)do you think it would take to fill the largest cube(4mm)

Ten years ago, you put $200,000 into an interest-earning account. Today it is worth $375,500. What is the effective annual interest earned on the account?

Find area of rhombus whose diagonal area 8 and 14

There are 54 balls in first box and 179 balls in the second box. Estimate the total number of balls in both the boxes using the general rule.

· Discuss the religious and spiritual developments of the medieval period in detail.

a partice of mass m strikes elastically on a wall with velocity v , at an angle of 60° from the wall then magnitutude change in momentum of ball along the wall

What is mensuntral cycle??

If an expression was (x * y)^n , so (x times y) to the power of n, would you multiply x and y first or distribute the exponent, making (x^n * y^n)?

Each of the questions below has four (5) alternatives. Choose the most correct alternative for each of the questions/statements. Write down the number of the qu

How can ERM be beneficial to Makememoney Pty ltd

Consider the musical, Les Miserables, is currently playing at the Lyric Theatre in QPAC (Queensland Performing Arts Centre). QPAC knows at the current price, th

Which of the following is included in GDP? A. computer manufacturer produces and sells a computer. B. A woman mows her own yard and trims her own hedges. C. An

What experts do historians rely on to provide accurate information about the connection between an artifact and the culture or civilization it belongs to? A.) c

The length of the hypotenuse of a 30°-60°-90° triangle is 11. Find the perimeter.

Why did many of the first island hopping battles in 1942 take place in the Solomon Islands? An attack on the Solomon Islands would provide the Allies with a qui

Looking at a restaurant sign that has some light bulbs out and yet still being able to read the whole word "OPEN" even though not all the parts of the letters a

PLEASE PLEASE PLEASE HELP!! Can someone please help me with a step by step of this problem ? I'll seriously appreciate it, and thank you so so so much in advanc