Answer:
C) Check your credit history at least 3-6 months before applying for the loan.
Explanation:
Financial advisors will always tell us that we need to have at least 700 points in our credit score. That way when we apply for a loan we will get lower interest rates and longer terms.
If your are planning to buy a house or a car and you know you will need a big loan, you should review your credit score a few months before applying for the loan since there is a simple way you can increase your credit score. The simplest way to increase your credit score is to apply for several credit cards within a 3 to 4 month period. It doesn't matter if the credit card applications are accepted or not, your credit score will increase because number of inquiries on your credit history increased.
Answer:
$102,348.034
Explanation:
It is a simple problem of Compound Interest, we have to find the Principle amount invested.
Given:
Future value (F) = $260,000
Rate(R) = 6% = 6/100 = 0.06
Number of years (n) = 16 years
Initial deposit (C) = ?
Calculation:
$260,000/2.54035168 = C
$102,348.034 = C
So, Initial cash Deposit = $102,348.034
Answer:
No effect, remain unchanged
Explanation:
The demand curve which is vertical, it means that the demanded quantity will remain the same, irrespective of the change in the price. In short, when price will increase, the quantity demanded will not be effected, whereas when price decrease then also the quantity demanded will not be effected or change.
So, if the demand curve of the investment is vertical, then the decrease in the rate of the interest will no effect the investment and the aggregate or total demand will also be remain unchanged as there is no effect on investment.
Answer and Explanation:
In an action based on strict liability, a plaintiff must show that
(1) a product was defective,
(2) the defendant was in the business of distributing the product,
(3) the product was unreasonably dangerous due to the defect,
(4) the plaintiff suffered harm,
(5) the defect was the proximate cause of the harm, and
(6) the goods were not substantially changed from the time they were sold.
A plaintiff does not have to show that there was a failure to exercise due care, and this distinguishes an action based on strict liability from an action based on negligence, which requires proof of a lack of due care. If Bob establishes his case, the court in this problem is most likely to rule in his favor, because the manufacturer is strictly liable in this case. Strict liability allows a plaintiff to recover damages for injuries resulting from product defects without proof of fault.
Answer:
$ 896,000.00
Explanation:
September $800,000
October $920,000
November $840,000
December $760,000
Payments for November:
30percent purchase for November: = 30/100 x $ 840,000.00
= $ 252,000.00
70 percent payment for the previous month
=70/100 x $ 920,000.00
= 644,000.00
Total payments = $ 252,000 + $ 644,000.00
=$ 896,000.00
