You are presented two choices to borrow funds for a significant unexpected expenditure. it will take at least three years to pay off the loan assuming you make more than the minimum payment
Which choice is the least cost alternative in terms of interest paid over the life of the loan?
A) A credit card with a variable interest rate of 4 % over the prime rate; for info, the latest forecast is for prime to stay below 5% throughout the life of your loan.
B) An interest only balloon payment loan for 3 years with 10% interest, but your monthly payments would be half of those compared to the credit card.
C) There is not enough information to make the decision.
D) Both A and B are about equal since the interest only payment aspect offsets the slightly higher interest rate on the credit card
Answer: A
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Which sentence uses correct capitalization?
A) Jose was fluent in spanish, french, and english. B) Jose was fluent in Spanish, French, and english. C) Jose was fluent in Spanish, French, and English.
When Veronica wasn't paid time and a half for overtime, she complained to the union. What happens next?
A) The union meets with management to discuss the issue. B) Veronica is interviewed by a union representative to determine the validity of the complaint. C) The union files a grievance with the company. D) The union files for arbitration.
Vutek manufactures printing machines used to print high resolution graphics for billboards, bus cards, banners, and posters. For distribution, you would expect Vutek to use a:
A. network of facilitating agents B. horizontally integrated channel C. reciprocal channel D. direct channel E. vertical marketing system
Shauntae receives a distribution from a corporation in complete liquidation of his ownership interest. Shauntae could report a capital gain, but not a capital loss, from the distribution.
Answer the following statement true (T) or false (F)