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2 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]2 years ago

3 0

To make the loan look more attractive and competitive now

marysya [2.9K]2 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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Organizational ______ is the combination of organizational structure, culture, control systems, and human resource management sy

Svetradugi [14.3K]

Organizational architecture is the combination of organizational structure, culture, control systems, and human resource management systems .

<h3>What is Organisational Architecture?</h3>

Organisational Architecture serves as the structure that integrates the human activities and capital resource utilisation within a structure of task allocation.

Therefore, Organisational Architecture helps to determine how efficiently and effectively organizational resources are used.

Learn more about Organisational Architecture at:

brainly.com/question/17320867

7 0

2 years ago

How much TOTAL (principle and interest) will be paid over the life of the following loan: $185,000 loan; 7% annual interest (mon

Yuri [45]

Answer:

$443,091.5

Explanation:

Given that,

Amount of loan, present value = $185,000

Annual rate of interest, r = 7% ÷ 12

= 0.00583

Time period = 30 years

Therefore,

Monthly payments:

$=\frac{r\times PV}{[1 - (1+r)^{-n}]}$

$=\frac{0.00583\times 185,000}{[1 - (1+0.00583)^{-30\times12}]}$

$=\frac{1,078.55}{[1 - (1.00583)^{-360}]}$

= 1230.81

Total (principle and interest) will be paid over the life:

= Monthly payments × 360

= $1,230.81 × 360

= $443,091.5

5 0

3 years ago

Roberta is a customer service representative at a car rental company. Read the passage. Which actions might lead to increased cu

pochemuha

Answer:

Training

Explanation:

Learning within a workgroup is the only way to improve performance. An outstanding representative as Roberta needs to transfer her skills to the rest of the team. One strategy to accomplish that is naming her as responsible for on-board training for the new teamates.

Another strategy is to use surveys after the calls to know what are the opinions of clients regarding services. It allows to identify improvement opportunities.

3 0

3 years ago

What should you include on a resume?

jeka94

The answer to your question is,

D) Your career objective.

-Mabel <3

7 0

3 years ago

Mark accidentally overheard a confidential phone conversation between his boss and the district manager during which they discus

EleoNora [17]

Answer:

-Say nothing to his co-workers since this was a private conversation and he could lose his job if his boss found out he was spreading sensitive company information

Explanation:

Since in the situation it is mentioned that Mark accidentally heard a confidential phone conversation in which the possibility of layoff in the sales division would be discussed he is not in danger but some of his friends are the sales representatives so mark would not tell anyone as it is a private conversation and he could lose the job if the boss knows that the information is spread by mark

Therefore the second option is correct

5 0

2 years ago