A $100,000 loan with an interest rate of 5.0 percent and a 30-year term would carry a payment of $537 a month. Now suppose there are two loans in the picture. Both have 5.0 percent rates, but one costs $1,000 and the other costs $4,000.
An artifact or artefact (from Latin phrase arte factum ~ ars skill + facere to make) is something made or given shape by man, such as a tool or a work of art, esp an object of archaeological interest.n archaeology, however, the word has become a term of particular nuance and is defined as: an object recovered by archaeological endeavor, which may have a cultural interest.
An artifact may be defined as an object that has been intentionally made or produced for a certain purpose. Often the word âartifactâ is used in a more restricted sense to refer to simple, hand-made objects which represent a particular culture.n aesthetics, the expression âartifactâ has been used in this wide sense when it has been argued, as some philosophers have done, that works of art are necessarily artifacts (Davies 1991, 120â141; Levinson 2007, 81â82).