Answer:
um can you egsplain that a bit beter please and then i might be able to help
Explanation:
Answer: X=$307.50
Given:
Ben’s savings weekly = $61.50
It is 1/5 or 20% of his weekly savings
To find Ben’s weekly pay in $
Let X= Ben’s weekly pay in $
To solve, we use the equation
1/5X=61.50
.20X=61.50
X=61.50/.20
X=$307.50
Answer:
Secured loan is as below
Explanation:
A secured loan is money that you borrow by offering an asset as collateral. The lender will hold on the asset until the full loan amount is paid back. A secured loan is a good option when borrowing a large amount of money. It attracts low-interest rates.
Lenders consider secured loans less risky because the customer provides a valuable asset as a back-up should they fail to repay. Homes and land are the most common properties used as collateral for secured loans.
Answer: C
Explanation:
This is because although the coupon rate is devoid of federal income tax any market discount is taxed as interest income earned. So so if there is a way that they can be taxed without jeopardizing their basic Federal income tax-free status, why not? The discount can be accreted annually and tax paid, or the tax can be paid at maturity or sale date.
