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aev [14]
3 years ago
14

Suppose a car dealership offers a low interest rate and a longer payoff period to customers or a high interest rate and a shorte

r payoff period to customers, and most customers choose the low interest rate and longer payoff period, does that mean that most customers want a lower interest rate? Explain.
Mathematics
1 answer:
nevsk [136]3 years ago
8 0

Answer:

No.

Step-by-step explanation:

No, it doesn't necessarily mean that most customers want a lower interest rate. The car dealership is offering a low interest rate associated with a longer payoff period or vice versa, this includes two variables: the payoff period and the interest rate. It is known that when you have a shorter payoff period your monthly pay offs are higher.

According to the data, most people choose the low interest rate with the longer payoff period. This does not necessarily mean that they want a low interest rate but it could also mean that they just want a longer payoff period (because of their monthly income probably they can't afford a higher monthly payoff).

Therefore we cannot conclude that they choose the first option because of the interest rate.

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Regular hexagon ABCDEF is inscribed in a circle with center H. What is the image of segment BC after a reflection over line FC?
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2 years ago
How old is the expanded notation method work
Akimi4 [234]
Well, 
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3 0
3 years ago
On Saturdays. Eve earns $14 per hour for yard work and charges an extra amount for supplies/gas money to get there. Look at the
grigory [225]

Answer:

<em>D</em>

Step-by-step explanation:

Question:On Saturdays. Eve earns $14. per hour for yard work and charges an extra amount for supplies/gas money to get there. Look at the table. Choose the linear function f Eve can use to determine her pay, where x is in hours and f(x) is her pay in dollars.

Answer: <em>The answer would be D because she gets payed $14 and hour so you would plug the hours she work into the letter x</em><em>.</em>

7 0
3 years ago
"Jim is leasing a warehouse and 20% of his monthly payment is going towards the purchase price of the property at a future date.
Free_Kalibri [48]

Answer:

i'm pretty sure that is something dealing with down payment.

Step-by-step explanation:

     Down payment is an initial upfront partial payment for the purchase of expensive items such as a car or a house. It is usually paid in cash or equivalent at the time of finalizing the transaction. A loan of some sort is then required to finance the remainder of the payment.  

   The main purposes of a down payment are to ensure that the lending institution has enough capital to create money for a loan in fractional reserve banking systems and to recover some of the balance due on the loan in the event that the borrower defaults. In real estate, the asset is used as collateral in order to secure the loan against default. If the borrower fails to repay the loan, the lender is legally entitled to sell the asset and retain enough of the proceeds to repay the remaining balance on the loan, including fees and interest added. A down payment, in this case, reduces the lender's risk to less than the value of the collateral, making it more likely that the lender will recover the full amount in the event of default.

    The size of the down payment thus determines the extent to which the lender is protected against the various factors that might reduce the value of the collateral, as well as lost profits between the time of the last payment and the eventual sale of the collateral.  

    Furthermore, making a down payment demonstrates that the borrower is able to raise a certain amount of money for long-term investment, which the lender may desire as evidence that the borrower's finances are sound, and that the borrower is not borrowing beyond his or her means.  

  If the borrower is unable to pay off the loan in its entirety, the down payment amount is forfeited.  

   In the United States, down payments for home purchases typically vary between 3.5% and 20% of the purchase price.[1] The Federal Housing Administration has advocated lower down payments since its inception in 1934, and, currently, borrowers that qualify for an FHA loan pay only 3.5% for a down payment. With rising home prices in the years from 2000 to 2007, lenders were willing to accept smaller or no down payment (either through 100% financing, seller-assisted down payment assistance, government down payment providers or by providing a combination of an 80% first and 20% second mortgages) so that more individuals could purchase homes as their primary residences. Currently, in the United States, the Department of Veterans Affairs offers complete financing for qualifying veterans. The USDA Home Loan program also offers complete mortgage loans with no down payment. These loans are available as direct or guaranteed loans and are offered to qualifying borrowers purchasing a home in a more rural area. Most state finance housing agencies offer down payment assistance. Down Payment Assistance programs are all different with certain requirements for each. State or local housing authorities, a non-profit organization, or lender usually set the requirements and conditions for the DPA program. Some programs require you or your loan officer to take a short course on Down Payment Assistance for first time home buyers. Homebuyer assistance programs vary by state and can amount to up to three percent of the loan amount for down payment or closing costs. Some states have special programs supporting home purchases in selected geographic areas.

There is more risk for lenders when individuals purchase a home as an investment property. Therefore, the lender may charge a higher interest rate and expect a higher down payment.

3 0
3 years ago
I don't know I need help please
Leya [2.2K]
It's the same angle. The equation, then, is 5y+1=51. Subtract one from both sides, so now you've got 5y=50. Divide each side by 5 and you've got y=10.
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