The truth in the loan policy requires that a creditor to notify the borrowers of what money is going to cost them before using it.
<u>Explanation:
</u>
The Truth in Loaning Act (TILA) is a national law enacted in 1968 that guarantees consumer protection and informs consumers of the true cost of borrowing. To order to ensure that customers can easily equate shop interest rates and terms, TILA allows loan requirements to be reported in a readily understandable manner.
The TILA proposes laws related for closed accounts (for example, home and car loans) or open accounts (for example, credit cards). It does not limit the amount of interest that banks can pay or offer a loan to banks.
Answer:
$1,500
Explanation:
Given the compounding formula 
And given an investment (P), made at 16% compounded annually (r), and an ending amount of $1,740 (A) at the end of the year (n = 1 year), the original amount invested (P) can be computed as follows.
= P = 1,740/1.16 = 1,500.
Therefore, the original investment was $1,500.
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:
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