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1 year ago

What is credit answer?

1 answer:

8 0

Credit is an agreement between a borrower and a lender in which the borrower receives something of value, such as money, goods, or services, in exchange for a promise to repay the lender at a later date, typically with interest.

For example , a person might take out a loan from a bank to purchase a car, agreeing to pay the loan back over a period of time with interest.

The term "credit" can also refer to someone or something's creditworthiness or credit history.

It frequently refers to a bookkeeping item that lowers assets or raises liabilities and equity on a company's balance sheet, according to accountants.

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True or False: A rebate and a discount are the same.

crimeas [40]

False

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3 years ago

Another bank is also offering favorable terms, so Rahul decides to take a loan of $18,000 from this bank. He signs the loan cont

yanalaym [24]

Answer:

Explanation:

final loan amount = $18,455.86

so correct option is c. $18,455.86

Explanation:

given data

loan = $18000

rate = 10%

time = 3 months

to find out

total amount that Rahul owes the bank at the end of the loan

solution

we know that number of day in 3 months is

number of day = 3 ×

number of day = 91.25 days

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loan load = 0.00027397

now final loan amount will be

final loan amount = loan amount ×

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final loan amount = $18,455.86

so correct option is c. $18,455.86

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3 years ago

David borrowed $120,000 for his business to be repaid in six equal annual installment. The lender charges 6.5 percent interest o

kherson [118]

Answer: c, it is the sixth year

Explanation:

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3 years ago

An example of an externally identified problem would be management voicing concern about the organization's lack of a competitiv

asambeis [7]

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4 years ago

A stock just paid a dividend of D0 = $1.50. The required rate of return is rs = 10.1%, and the constant growth rate, g, is 4.0%.

lions [1.4K]

Answer:

Current Stock Price Is $25.57

Explanation:

According to the scenario, computation of the given data are as follows:-

Dividend (D0) = $1.50

Required rate of return(R) = 10.1 = 0.101

Growth rate(G) = 4.0% = 0.04

D1 = D0 (1 + G)

= $1.50 × (1+0.04) = $1.50 × 1.04

= $1.56

Current Stock Price (P0) = D1 ÷ (R-G)

= $1.56 ÷ ( 0.101 -0.04)

= $1.56 ÷ 0.061

= $25.57

Current Stock Price Is $25.57

8 0

3 years ago