(Effective Annual Rate vs. APR/Quoted Rate) You have two options for borrowing a lump-sum of money over the next 5 years – to be paid back in one single “balloon payment.” The first option charges you 10% (annual, APR) interest with monthly compounding. The second option charges you 9.9% (annual, APR) interest with weekly compounding. What are the effective annual rates (EAR’s) in each case? Which should you choose and why?

What are ways individuals may reduce their total education and training costs?

Employers hiring for entry-level positions in hospitality and tourism expect workers to

Which of the following statements is true regarding the definition of a fund? a fund is a fiscal entity which is designed to provide reporting that demonstrates conformance with finance-related legal and contractual provisions separately from gaap reporting. a fund exists to assist in carrying on activities and attaining objectives where there are no specific rules or restrictions. a fund is an accounting entity which is designed to enable reporting in conformity with gaap without being restricted by legal or contractual provisions. a fund is a mechanism developed to provide accounting for revenues and expenditures that are subject to certain restrictions separate from revenues and expenditures that are not subject to restrictions.