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.
Cultural artifact or artefact is a term used in the social sciences, particularly anthropology, ethnology, and sociology for anything created by humans which gives information about the culture of its creator and users.Artifact is the spelling in American English; artefact is usually preferred elsewhere.Cultural artifact is a more generic term and should be considered with two words of similar, but narrower, nuance: social artifact and archaeological artifact.ocial artifacts, unlike archeological artifacts, do not have to have a physical form (see for example virtual artifact), nor do they have to be of historical value (items created seconds ago can be classified as social artifacts).