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taurus [48]
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?

Business
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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Which data representation system utilizes both letters and numbers? binary decimal hexadecimal octal
kolbaska11 [484]

Answer:

The correct answer is letter "C": hexadecimal.

Explanation:

The hexadecimal numeral system is composed of ten digits from 0 to 9 and six letters from the English alphabet from A to F. Letter A is given the 10 value and F values 15. Though, the decimal system composed of numbers from 0 to 9 is the most used in calculations and the binary system (composed by 0 and 1) for programming.

8 0
3 years ago
Which statement BEST explains this investment?
wlad13 [49]

Answer:

I think that the answer is B, The The general likelihood of business success is very high.

Explanation:

I got it right on edgenuity

4 0
3 years ago
Johnson Battery Systems recently reported $9,000 of sales, $6,000 of operating costs other than depreciation, and $1,500 of depr
muminat

Answer:

$1,100

Explanation:

EBIT = Sales - Costs - Depreciation

       = $9,000 - $6,000 - $1,500

       = $1,500

Net income = EBIT - Tax @ 40%

                    = $1,500 - $600

                    = $900

Operating cash flow = Net income + Depreciation

                                  = $900 + $1,500

                                  = $2,400

Free cash flows:

= Operating cash flow - Increase in working capital - Capital expenditure

= $2,400 - $500 - $800

= $1,100

8 0
3 years ago
Even though the remainder of this assignment will focus on motivation, there are two additional determinants of job performance.
Marat540 [252]

Answer:

The answer is Job perfomance= Motivation x Ability x Situational x Constraints

Explanation:

Because in this formula, job performance is how well someone performs the requirements of the job, motivation is the degree to which someone works hard to do the job well, ability is the degree to which workers possess the knowledge, skills, and talent to do the job well, and situational constraints are factors beyond the individual control of the empolyees. Such as policies, resources. Since job perfomance is a multiple function of motivation times ability times situational constraints, the job performance wil decline if one of those elements is considered insuficient.

6 0
3 years ago
Get-away Inc. is a vacation planning company. It provides various holiday packages, such as camping outdoors, adventure sports,
galben [10]

Get-away represents lifestyle segmentation.

<h3>What is lifestyle segmentation?</h3>
  • Customer lifestyle segmentation is the technique of breaking each customer's information into small sub-groups.
  • These sub-groups are created using data from each and every consumer.
  • These groups are formed in order to make conclusions regarding customer preferences, likes, and dislikes.
  • One method of market segmentation is lifestyle segmentation.
  • It is directly related to psychographic segmentation.
  • The AIO is the most extensively utilized instrument for lifestyle segmentation (Activities, interests, and opinions).
  • The idea is to target one or more lifestyle categories with your marketing mix.

Therefore, Get-away represents lifestyle segmentation.

Know more about lifestyle segmentation here:

brainly.com/question/13686011

#SPJ4

8 0
2 years ago
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