Which of the following should be considered when deciding whether to pay off a loan early?

A) prepayment penalties
B) the amount of interest saved
C) interest that could be earned by investing the money used for early payoff
D) all of the above


D

Business

You might also like to view...

If email or text messaging does not seem to be getting the results desired by the sender, then the sender should ______.

a. rewrite the message using only capital letters b. send twice as many messages as he had been sending in order to try to get a response c. stop trying to contact the receiver d. just pick up the phone and call the receiver instead

Business

Seal Financial Advisors provides accounting and finance assistance to customers in the retail business

Seal has four professionals on staff and an office with six clerical staff. Total compensation, including benefits, for the professional staff runs about $571,000 per year, and normal billable hours are 8,100 hours per year. The professional staff keep detailed time sheets organized by client number. The total office and administrative costs for the year are $754,000. Seal allocates office and administrative costs to clients monthly, using a predetermined overhead allocation rate based on billable hours. What is the predetermined overhead allocation rate that Seal will use for office and administrative costs? (Round your answer to the nearest cent.) A) $93.09 per hour B) $22.59 per hour C) $70.49 per hour D) $163.58 per hour

Business

The bill of exchange is an unconditional order to pay a sum of money

Indicate whether the statement is true or false

Business

Henry transfers property with an adjusted basis of $90,000 and an FMV of $100,000 to a newly-formed corporation in a Sec. 351 exchange. Henry receives stock with an FMV of $80,000 and a short-term note with a $20,000 FMV. Henry's recognized gain is

A) $0. B) $5,000. C) $10,000. D) $20,000.

Business