As applied to mortgage loans, which of the following statements is FALSE?
A) Advertised rates are annual percentage rates.
B) A spreadsheet uses the periodic interest rate, not the annual percentage rate.
C) By increasing the number of payments per year you increase your effective borrowing rate.
D) You can find a monthly payment by dividing the annual payment by 12.
Answer: D
Explanation: D) A mortgage problem is VERY SIMILAR to a future value problem with an annuity.
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Which of the following is a disadvantage of smaller groups?
A. Unfair work distribution B. Autocratic leadership C. Lower morale D. Tendency to form cliques E. Tendency to take unreasonable risk
____________________ benefits can be measured and expressed in financial terms, while ____________________ benefits cannot be easily measured and/or quantified
Fill in the blank(s) with correct word
Begin the coaching session by ______.
A. starting with an empty mind B. establishing a rapport C. making the employee feel comfortable D. reacting positively to what they say
Slumber is considering eliminating the pillows product line. If this line is eliminated, Slumber will be able to eliminate $74,000 of total fixed costs. How would this business decision impact operating income?
The income statement for Slumber Company is divided by its two product lines, blankets and pillows, as follows:
A) increase of $74,000 in operating income
B) decrease of $59,000 in operating income
C) increase of $133,000 in operating income
D) increase of $15,000 in operating income