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2. how do these articles contribute to its relevance of the topic/search (100 to 150 words)
ABSTRACT A short abstract (150 words maximum) should open the paper. [ The purposes of an abstract are: • to give a clear indication of the objective, scope, and results of the paper so that readers may determine whether the full text will be of particular interest to them; to provide key words and phrases for indexing, abstracting, and retrieval purposes. ]
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You place $5,000 in a savings account earning 2.50% interest compounded annually. How much will you have at the end of four years? How much would you have at the end of four years if interest is compounded semiannually?
Weegy: The formula to compound interest is A=P(1+(R/N))^nt P=principle. R= decimal interest rate. N=number of times compounded a year. T=number of years money is held for. At the end of four years compounded annually, the amount is $5,519.06. [ compounded semiannually, the amount is $5,522.43. ] (More)
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Asked 3/9/2013 5:58:18 PM
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how would you explain the risks of a variable rate loan?
Weegy: Lowering the initial payments required when borrowing, for any type of loan, allows many people access to funds they would not have otherwise qualified for. [ Since one of the attractive features for many variable rate loans are the lower initial interest rates, this often translates to more funds. However, if saving 1 or 1.5 percent now is the difference between qualifying and not qualifying for a loan, then there is a good chance that when rates rise, the higher payments will become burdensome, if not impossible to withstand. Read more: What Are Some Risks of a Variable Rate Loan? | eHow.com ] (More)
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Asked 3/11/2013 4:30:26 PM
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how would you explain the risks of a variable rate loan?
Weegy: eHow Personal Finance Loans Variable Interest Rate Loans What Are Some Risks of a Variable Rate Loan? What Are Some Risks of a Variable Rate Loan? By Tim Brugger, [ eHow Contributor Print this article What Are Some Risks of a Variable Rate Loan? thumbnail Many wonder whether variable loans are too good to be true. Variable rate loans, sometimes referred to as adjustable rate loans relating to home mortgages, certainly have their share of risks. What is somewhat ironic is that many of the risks involved with these types of loans are also what make them appealing to borrowers. While the uses of variable rate loans are many - auto, home and even secured and unsecured credit lines - they all share similar risks. Other People Are Reading What Is a Variable Rate Loan? Problems With Variable-Rate Mortgages Low Rates Now, High Rates Later Lowering the initial payments required when borrowing, for any type of loan, allows many people access to funds they would not have otherwise qualified for. Since one of the attractive features for many variable rate loans are the lower initial interest rates, this often translates to more funds. However, if saving 1 or 1.5 percent now is the difference between qualifying and not qualifying for a loan, then there is a good chance that when rates rise, the higher payments will become burdensome, if not impossible to withstand. Varying Adjustment Periods Borrowing money to purchase a car using a variable rate loan is often an exciting time for an individual or family. Sometimes so much so that people fail to truly understand the terms of the loan. Some variable auto loans, for example, will adjust their rates monthly. This means that with every increase in rates, there will be a subsequent increase in payments required. What appeared to be a manageable monthly outlay a short while ago can very quickly become overwhelming. Variable Rates Based on Different ... (More)
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Asked 3/11/2013 5:08:22 PM
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Which of the following is a disadvantage of credit cards but not of all consumer credit?
Weegy: Can you provide us with the options? (More)
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Asked 3/15/2013 2:31:43 PM
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Which of the following would be considered a transaction account? A. certificate of deposit B. mutual fund account C. checking account D. savings account
Weegy: A checking account would be considered a transaction account. (More)
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Asked 3/15/2013 2:45:57 PM
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