ok what’s the question tho
Answer:
The correct answer is letter "C": It decreases the size of your principal and decreases the total cost of the loan
.
Explanation:
Down payments are the initial sums debtors pay when requesting a credit. Down payments are usually mandatory but the debtor can offer the sum voluntarily.
<em />
<em>If the sum provided in the down payment is higher than what is requested, the amount of the principal will be lower. If the amount of the principal is lower, the total of the interest paid in the course to the loan will be lower as well, thus, the cost of the loan will be reduced.</em>
Answer:
$3,208
Explanation:
The computation of the future value is shown below;
As we know that
Future valie = Present value × (1 + rate of interest)^number of years
where
Present value is $2,500
Rate of interest = 2.5% ÷ 4 = 0.625%
And, the time period is = 10 × 4 = 40
So, the future value is
= $2,500 × (1 + 0.625%)^40
= $3,208
Answer:
$174,500.
Explanation:
Budgeted sale in June would made up of the collections:
Month of sale collection
45% × June = 45% × 170,000 = 76500
Month following sale
50% × May sales = 50% × 180,000 = 90000
Second month following sales
= 5% × April sales = 5% × 160,000 = 8000
Budgeted cash collection for June
= 76,500 +90,000 +8,000
= $174,500.
