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3 years ago

9

Why might a bank offer to make a loan to a customer at a low initial rate that will increase after a set period of time?

2 answers:

erica [24]3 years ago

3 0

To make the loan look more attractive and competitive now

marysya [2.9K]3 years ago

3 0

Why might a bank offer to make a loan to a customer at a low initial rate that will increase after a set period of time?

To make the loan look more attractive and competitive now.

When you apply for a loan, it's important to look at the terms and conditions. Just because the interest is low at the beginning, if not paid off quicker than the full term, it may go up increasing the amount being paid in interest over principle. When a bank offers a low initial interest rate, it's very attractive for a consumer who really needs to the loan to take it almost forgetting or being blind to the fact it will increase astronomically and basically even out to a set rate that's higher from the beginning.

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Luba_88 [7]

Answer:ooooooooooooooooooooooooooooooooooooooooooooooooookkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkk

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3 years ago

Read 2 more answers

"Lyla is a little more efficient at making potato soup than Jose. She is a lot more efficient than Jose at making bread. They de

uysha [10]

Answer:

Making bread

Explanation:

Lyta has to specialize in making bread. By specialization, it means that lyta should focus it's productive efforts on making bread, because from the question she clearly has an absolute advantage in making bread Since the question says she is more efficient in making bread compared to the other product. It means she can produce bread in larger quantities at same cost or she can produce same quantity of bread at lower cost.

5 0

3 years ago

Data on consumer spending per capita or industrial purchasing trends would be identified in the ________ section of a global mar

larisa [96]

Answer:

The right approach will be "Economic".

Explanation:

Both of the economic conditions that shape the market as well as customer behavior are the emphasis or objective including its economic climate.
These variables could be used to forecast the path during which the economy will change the potential for customer demand and the much-needed market pattern or study.

8 0

3 years ago

The Benesch Company expects sales in 2018 of 205,000 units of serving trays. Benesch's beginning inventory for 2018 is 18,000

ozzi

Answer:

214,000 trays

Explanation:

Budgeted sales in unit. 205,000

Add: targeted ending inventory 27,000

Total requirements. 232,000

Deduct: beginning inventory (18,000)

Budgeted units to be prod. 214,000

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2 years ago

An airline company must plan its fleet capacity and its long-term schedule of aircraft usage. For one flight segment, the averag

tresset_1 [31]

Answer:

112 customers per day

Explanation:

For computing the needed capacity requirement, first we have to find out the new utilization rate which is shown below:

Capacity cushion = 100% - average utilization rate

25% = 100% - average utilization rate

So, the average utilization rate is 75%

Now the needed capacity requirement is

Utilization rate = Average output rate ÷ Maximum capacity × 100

75% = 84 ÷ Maximum capacity × 100

So, the maximum capacity is 112 customers per day

We simply applied the above formula to determine the needed capacity requirement

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3 years ago