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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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When Ben left the corporate rat race to start his own pottery business, he used some of his retirement savings to finance the bu

MariettaO [177]

When Ben left the corporate rat race to start his own pottery business, he used some of his retirement savings to finance the business. This practice is known as bootstrapping.

<h3>What is bootstrapping?</h3>

Bootstrapping is a word used in business to describe the process of starting and growing a firm utilizing solely available resources, such as personal funds, personal computing equipment, and garage space.

Learn more about bootstrapping here:

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2 years ago

After the death of her husband, Gina Baker, 35, received a check for $350,000 from a life insurance company. Gina has two small

Tju [1.3M]

Answer: Safety

Explanation:

According to the given question, Gina is using the safety investment factor as it is one of the important factor in the investment program after her husband death and she is using the safety investment process for the purpose of securing her and the children's future.

The safety is basically stand for the simple agreement for the future equities and the secondary purpose of the investment program is to earn some interest money. The investment program is one of the type of monetary assets which is basically provide some profit in the future for example the mutual funds.

In the same way, the life insurance is one of the program in which the person makes the payment on some regular basis to the insurance company and after the persons; death the company give money to their family.

Therefore, Safety is the correct answer.

4 0

3 years ago

Managers will utilize __________ skills with increasing frequency as they rise within an organization.

Nastasia [14]

<span>E. Conceptual and decision</span><span>

The Internal auditor is the person who reviews the operating and accounting control procedures adopted by management to make sure the controls are adequate.

Internal audit within the company is not only done to review operating and accounting control procedures but to recommend ways that will further operation and accounting control within the company. </span>

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3 years ago

A securities analyst reports that a cyclical change in non-durable goods has occurred on the downside over the last quarter. Whi

Stella [2.4K]

Answer:

D) Shares in a brewery

Explanation:

Beer is not a durable good, and the security analyst reported non-durable goods are not going to perform well. The analyst didn't specify which non-durable goods would not perform well, but beer is the only possible option. The other three alternatives all relate to durable goods (steel, industries, home appliances).

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3 years ago

Glumhoff's Packaging Department had the following information at July 31. All direct materials are added at the end of the conv

katovenus [111]

Answer:

Explanation:

The total equivalent units of direct materials and conversion costs for the month has been computed and attached.

Note that the conversion cost for the ending work in process was calculated as:

= $35,000 × 28%

= $35,000 × 0.28

= $9,800

Check the attachment for further analysis.

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3 years ago