The annual percentage rate (APR) is all of the following except
A) a simple interest rate for borrowing money for a year.
B) it requires a complex formula to compute.
C) it includes fees such as application processing fees.
D) it allows easy comparison of financing costs among various creditors.
Answer: B
Business
You might also like to view...
The governmental fund Balance Sheet ______.
Fill in the blank(s) with the appropriate word(s).
Business
An employer is generally not liable for the torts of an independent contractor because:
A. the concept of scope of employment does not apply to independent contractors. B. independent contractors have no authority to commit torts. C. liability insurance is not available for acts committed by independent contractors. D. the employer lacks control over the work of an independent contractor.
Business