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.tereotypical examples of artifacts, e.g., tools, weapons, and ornaments, are usually intended products, and the definition of an artifact as an object intentionally made for a certain purpose applies to such objects.