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lubasha [3.4K]
3 years ago
6

In a payday loan, what happens at the date of loan maturity?

Business
2 answers:
natka813 [3]3 years ago
5 0

The answer is <u>"borrower must pay off loan".</u>



Payday loan stores offer a place to turn when individuals have a money crisis, however payday's as yet a couple of days away. Numerous individuals exploit the payday advances offered by non-bank organizations. The loans enable borrowers enough assets to break through to their next payday, at which time the advance and intrigue end up due.  

Payday loans are advertised intensely to individuals who experience issues bringing home the bacon every month. When you begin taking out payday credits, it turns out to be anything but difficult to rely upon them.

Elena L [17]3 years ago
3 0
Borrower must pay off loan
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The same should be considered

4 0
3 years ago
5 years ago, Barton Industries issued 25-year noncallable, semiannual bonds with a $1,000 face value and a 9% coupon, semiannual
andreev551 [17]

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Explanation:

To solve this, the financial calculator will be needed

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6 0
2 years ago
Craigmont uses the allowance method to account for uncollectible accounts. Its year-end unadjusted trial balance shows Accounts
sineoko [7]

The amount of the bad debts expense adjusting entry is:$7665.

<h3>Bad debt expenses</h3>

Using this formula

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Learn more about bad debt expenses here:brainly.com/question/18568784

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5 0
2 years ago
The objective of the company that manufactures liqueur is to grow its international business. To determine its success, it compa
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Standard.

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