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ivolga24 [154]
3 years ago
5

You work for a bank as a business data analyst in the credit card risk-modeling department. Your bank recently conducted a bold

experiment: over a short time interval three years ago, it quietly issued 600 credit cards to everyone who applied, regardless of their credit risk.
After three years, 150, or 25%, of card recipients defaulted – they failed to pay back at least some of the money they owed. However, the bank collected very valuable proprietary data that it can now use to optimize its future card-issuing process.


The bank initially collected six pieces of data about each person.


a. Age

b. Years at current employer

c. Years at current address

d. Income over the past year

e. Current credit card debt, and

f. Current automobile debt
Business
1 answer:
Mama L [17]3 years ago
5 0
B : years as a current employer
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Lynna [10]

Answer:

$113,465

Explanation:

Calculation to determine difference in total dollars that will be paid to the lender under each loan

First step is to Calculate the difference in payments on a 30-year mortgage at an interest rate of .75% a month

$100,000 = PMT([1 / (0.0075)] − 1 / {(0.0075)[(1.0075)]^30 × 12})

PMT = $804.62

Second step is to Calculate the difference in payments on a 15-year mortgage at an interest rate of .7% a month

$100,000 = PMT([1 / (0.007)] − 1 / {(0.007 )[ 1.007)]^15 × 12})

PMT = $ 978.87

Now let determine the Total difference

Total difference = ($804.62 × 12 × 30) − ($978.87 × 12 × 15)

Total difference= $113,465

Therefore difference in total dollars that will be paid to the lender under each loan is $113,465

6 0
3 years ago
Pennsylvania Company supplied the following information:
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Answer:

$12,620

Explanation:

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Cost of Direct labour of Job 99 = $5 x 100 = $5,000

Overhead Expenses of Job 99 = $62 x 10 = $620

Total job cost for Job 99 = 7000 + 5000 +620 = $12,620

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Can someone please Explain why both the General Minimum Wage rate and the Student’ rate are linear patterns.
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2 years ago
How do natural resources and geography relate to economic growth for a country?
Archy [21]

Answer:

Limited natural resources such as infertile land and lack of coastal access can limit economic growth for a country.

Explanation:

Natural resources are a source of wealth for the country.  Mineral such oil and precious stones have made nations wealthy.

Land is a factor of production. Lack of fertile lands will make a nation dependent on imports for its food security.  Access to coastal areas facilitates cheaper and fast international trade. Landlocked countries use harbor of other nations for global business. Goods and services from landlocked counties may be more expensive as a result of high transport costs.

4 0
3 years ago
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Answer:

This statement is true. A relational database management systems contains a query language that is in-built and permits easy access to answers to the questions that was asked about the data on ground. This system is used to maintain relational database. However, its main advantage is its ability to create information with mean via joining tables.

Explanation:

7 0
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