BUISENESS MANAGEMENT
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following statements is TRUE?
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By DECREASING the number of payments per year, you REDUCE your total cash outflow but INCREASE your effective borrowing rate.
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By INCREASING the number of payments per year, you REDUCE your total cash outflow but INCREASE your effective borrowing rate.
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By INCREASING the number of payments per year, you BOOST your total cash outflow but INCREASE your effective borrowing rate.
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By INCREASING the number of payments per year, you REDUCE your total cash outflow but DECREASE your effective borrowing rate.
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Explanation:
Detailed explanation-1: -D. By INCREASING the number of payments per year, you BOOST your total cash outflow but INCREASE your effective borrowing rate.
There is 1 question to complete.