All categories

2 years ago

Most secured loans are not _____.

Mathematics

1 answer:

ozzi2 years ago

6 0

Most secured loans are not <u>high-interest</u><u> </u>loans and they are usually backed by collateral.

<h3>What are secured loans?</h3>

Secured loans demand the borrower to dedicate an asset or security as an assurance or collateral for the loan in order to get it.

For example:

A mortgage on a house or
An auto loan.

Secured loans are often long-term loans; e.g, the average period of a house loan is 30 years, whereas vehicle loans run 4-5 years.

These kinds of loans are often repaid in monthly installments and have low-interest rates.

Learn more about secured loans here:

brainly.com/question/14997152

You might be interested in

On Monday, 279 students went on a trip

belka [17]

45 students in each bus

7 0

3 years ago

If a graph of a set has an open circle on 1/2 and an arrow pointing to the right, then which of the following numbers is in the

tester [92]

5/6 would be the best answer beside the other 2 choices that you have

6 0

3 years ago

Read 2 more answers

What multiplies to negative 9 and adds to negative 3

natima [27]

4.8541019662497 + 1.8541019662497 = -3

<span>-4.8541019662497 x 1.8541019662497 = -9</span>

4 0

3 years ago

Consider the equation 1.5x+4.5y=18. If we graph the equation, what is the

dlinn [17]

Answer:

M=-1/3

Y=-1/3x + 4

5 0

2 years ago

Changing Bases to Evaluate Logarithms in Exercise, use the change-of-base formula and a calculator to evaluate the logarithm. Se

son4ous [18]

Answer:

The question is incomplete, the complete question is "Changing Bases to Evaluate Logarithms in Exercise, use the change-of-base formula and a calculator to evaluate the logarithm. See Example 9. $log_{4}7$ .

$log_{4}7=1.404\\$

Step-by-step explanation:

From the general properties or laws of logarithm, we have the

$log_{a}b=\frac{logb}{loga} \\$

where both log are now express in the natural logarithm base.

i.e $log_{a}b=\frac{lnb}{lna}\\$

hence we can express our $log_{4}7=\frac{ln7}{ln4} \\$ .

the value of ln7 is 1.9459 and ln4 is 1.3863

Hence $log_{4}7=\frac{ln7}{ln4}=\frac{1.9459}{1.3863}\\$ .

$log_{4}7=1.404\\$

6 0

3 years ago