Which best explains why banks consider interest on loans to be important? interest enables them to control the economy. interest them to satisfy customers. interest enables them to stockpile money. interest them cover business costs.

Aborrower takes out a 30-year adjustable rate mortgage loan for $200,000 with monthly payments. the first two years of the loan have a "teaser" rate of 4%, after that, the rate can reset with a 5% annual payment cap. on the reset date, the composite rate is 6%. what would the year 3 monthly payment be?

Because the demand for wheat tends to be inelastic. true or false

Considered to be a "super tool" or tool that has high use and high potential for improving project success?