Answer:
FInd a co-signer with equivalent credit score.
Explanation:
Tina does not have credit history. She can receive the loan if she has a collateral or co-signer as base for loan. But it must meet all requests. The collateral must have the right estimation and ownership. Co-signer must have required credit score and credit history.
Answer:
d. 38
Explanation:
This is an Annuity Due type of question. You get the hint from the statement "....$5,000 at the <u>beginning</u> of each month," In an Annuity due , the recurring payments occur at the beginning of the period i.e annually, quarterly or (monthly in this case)
So using a financial calculator on "BGN" mode
nominal rate of 18% is the I/Y. However, since it is monthly compounded, convert it to a monthly rate.
I/Y = 18%/12 = 1.5%
PMT; recurring cashflow = -5,000
FV; future value = 250,000
PV ;present value = 0 (note: in annuity, use 0 for the variable not given)
then CPT N = 37.16
Therefore, it will take approximately 38 months
They should avoid being overly optimistic.
Answer:
B. The price for used Brazilian rosewood guitars will increase because there will be a smaller supply of those Guitars on the used market
Explanation:
A ban on the use of rosewood will lead to a reduction of supply the acoustic guitars. The Brazilian rosewood makes the guitars famous, increasing their demand. A reduction in the supply of the guitars in the market increases their price.
The price of a commodity such as these guitars is determined by the supply and demand forces. The equilibrium point where the demand matches supply becomes the market price. Should there be a decrease in supply and demand remain constant, many buyers will compete for the few available guitars. A few sellers against many buyers will result in sellers increases prices and buyers raising their bids to buy the guitars.
Answer:
Option C "is an........sellers" is the right answer.
Explanation:
- The market is considered as a location wherever vendors as well as purchasers gather together or enable their exchange of goods and commodities of products or even just providers.
- It could be like a department shop wherever individuals keep in touch throughout real life or virtually like such an internet market, where other businesses and consumers weren’t directly connected.
The provided situation isn't linked to other alternatives. Thus the above response is the right one.