Samantha has a loan with an interest rate of 6.67 percent now, but the rate could increase 2 percent next year. What lending term best describes this loan?

1)finance charges
2)fixed rate loan
3)APR
3)variable rate loan

Answers

Answer 1
Based on the given description above, the correct answer would be option 4. If Samantha has a loan with an interest rate of 6.67 percent now and it could increase at 2 percent next year, this lending term is called the variable rate loan. This kind of loan has an interest that varies as market interest rates change. Hope this helps.
Answer 2

Answer: 3 Variable Rate Loan.

The variable rate loan best describes the loan agreement because the rate can vary and become a different percent over the course of the loan agreement. When you agree to loan terms with variable interest rates it is important to remember when they will change and check the interest rate amounts at any given time over the course of the loan, sometimes the loan terms jump drastically if not paid by the initial given rate.


Related Questions

What is an example of a federal government regulation that influences disease prevention by deterring tobacco use?

Flavors being added to tobacco products
Laws against selling tobacco products to minors
No smoking areas in restaurants and hotels
Stores that decline to sell any tobacco products

Answers

An example of it are laws against selling tobacco products to minors. This will prevent the disease of tobacco use because minors are not allowed to buy it. At an early age, these minors should not practice smoking because it can cause diseases such as lung cancer.

Answer: Laws against selling tobacco products to minors

Explanation:

A federal government can control tobacco use by enforcing law that prevent the selling of tobacco to minors.

Other options are not valid as flavors being added will induce more use of tobacco. No smoking areas in restaurants and hotels is not a government regulation.

So, the only possible option of a government regulation can be binding law against tobacco selling.

GoGo Gas and Fab Fuel are among the few large producers of gasoline in the country. Along with other large producers, they have formed a formal organization to control the output and price of gasoline in that country. What is such an organization called?

Answers

This is called a cartel

It's when companies make a decision to influence the market and raise prices for increased profit. This is often illegal but companies keep finding ways to do it by exploiting legislative loopholes that are sometimes even placed there by lobbyists through the parliament.

Answer:

D.

cartel

Explanation:

cartel—a formal organization of companies that collectively coordinates production and price

Roberta's monthly bank statement says that she has a balance of 386.29, but Roberta's check register says that her balance is 370.77. Which of the following are still outstanding? I. A $78.17 check to the electric company II. A $16.15 deposit from Roberta's roommate III. A $22.67 check to the grocery store IV. A $62.65 deposit from Roberta's tax return a. I and II b. II and III c. II and IV d. I and IV

Answers

Answer:

option d. 1 & 4

Explanation:

Roberta's account balance as per bank statement = $386.29

Her account balance as per her check register = $370.77

The difference of balance = 386.29 - 370.77

                                            = $15.52

Some transactions are still pending for bank. there are 4 options.

1. A check to electric company = $78.17

2. A deposit from her roommate = $16.15

3. A check to grocery store = $22.67

4. A deposit from tax return = $62.65

After seeing all options, one deposit and one check is pending. Deposit value must be $15.52 less than the check amount.

The difference between option 1 & 4 =  78.17 - 62.65 = $15.52

Option d. 1 & 4 is the answer.

Final answer:

The outstanding transaction seems to be Option II: A $16.15 deposit from Roberta's roommate. This is because it is the only transaction that brings the balance from Roberta's check register to match her bank statement.

Explanation:

By comparing the two balances given, we can determine that the difference between them is $15.52. When considering the four options, it seems that Option II: A $16.15 deposit from Roberta's roommate is the closest. This suggests that Roberta's roommate's deposit has not yet posted to her account, as the bank does not yet recognize this amount. So, Roberta's bank statement and her check register would align after this deposit posts.

The options involving checks to the electric company or grocery store, or the deposit from the tax return, could not be outstanding given that their values do not match the difference between the bank statement and check register balances.

Learn more about Bank Statements and Balances here:

https://brainly.com/question/32199782

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Communicating with people you know or meet to share information or advice about a job defines _____.

Answers

The answer is career fair.

Answer:    D

Explanation:

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