You are a returning Afterpay customer who now makes a purchase worth $68 with Afterpay. You fail to pay the first and the last scheduled instalments. Which of the following statements is correct?A.Afterpay will attempt to process the direct debits after the official term of the loan for as long as is needed for you to pay what you owe.B.the fees charged by Afterpay will be $68.C.You will be charged fees for the first missed instalment but not for the next missed instalment.D.you have to repay the loan in three instalments1 points   QUESTION 16(Assuming the past 5 year caps have been entirely used) A voluntary concessional contribution by an employee to their super fund account isA.mandatoryB.taxed at 15% until reaching a total of contributions of $27,500 per financial year.C.taxed at marginal taxation rateD.tax free

) Assume Afterpay was used and Melinda missed the last instalment and was late to pay the last instalment by 3 fortnights.On your draft paper, show the calculation to determine the fees due. Then answer the following question:What would be the fees paid to Afterpay: [Do not type any $ sign or decimal and do not leave any space]

Repayment of a Direct PLUS Loan begins:A.after one year.B.at the end of six months.C.60 days after the loan has been fully disbursed.D.as soon as the first part of the loan is disbursed.

For infrequent bills, ___________________________________________________.Which of the following statement is correct?A.one has to put aside the total value of the bills over the year at the begininng of the year and use that reserce to pay the bills when they are due.B.One delays the payment of the bills until one has enough money in the account from the different income.C.one has to put aside an average fortnightly value (calculated over a year if some bills are only once a year) every fortnight and use that reserce to pay the bills when they are due.D.one pays each bill when it is due directly from the income of that fortnight.

A $10,000 loan is to be repaid at the rate of $200 per month, with an annual effective interest rate of 19.56% charged against the unpaid balance. What principal remains to be paid after the third payment? (a) 9500 (b) 9800 (c) 8900 (d) 9200

In an installment note, a portion of each installment payment goes towards interest, and the remaining portion represents a reduction of the outstanding loan balance.Group startsTrue or False