I'm not sure whether you have any options, but here are some of the ways you can ensure that proper plans are installed for the creditors section in the future:
1. Proper handing and monitoring of resources which includes systems, documentation, and procedures - this is very important, to take care of everything so that there are no mistakes
2. Finances must be reviewed correctly, either it is external or internal - unless you do this, you are facing a risk of losing yours, as well as creditors' money
3. Perform and conduct series of simulations before actual implementation - you need to know whether your changes will work before you actually introduce them
Answer:
Yeah
Explanation:
Thats fine let me answer them.
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Answer:
C)They remain the same until the credit is paid off.
Explanation:
In a closed-end credit, borrower and lender agree on principal amount, interest rate and monthly payments. These features stay the same over time.
The most common types of closed-end credit are mortgages and car loans.
For example, if a person wants to buy a car on credit, they agree to pay a monthly amount, that includes both interest and principal payments, until the full amount is paid off in a specified date in the future. After the last payment, the right to ownership of the car is transferred from the borrower to the lender, closing the credit.
