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alexgriva [62]
4 years ago
5

1. Which of the following choices protects consumers from being forced to pay for goods or services in a legitimate dispute?

Business
2 answers:
weqwewe [10]4 years ago
8 0

Answer:

1. Preservation of consumers claims and defense ruling

2.Fair credit reporting act

Explanation:

Preservation of consumers claims and defense ruling is a law enacted to protect consumers in a situation where a consumer credit contract is transferred to other lenders. It prevents the usage of force to collect debt that arise form a legitimate dispute in the course of trading.

Fair credit reporting guides the management of information obtained from the credit reports of a consumer. ts aim is to ensure that information provided by the consumer towards a loan application are true and also to ensure the confidentiality treatment of such information by the loan provider.

slamgirl [31]4 years ago
4 0
I believe 1 is A and two is G.
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For the given question, the summation that represents the money in account is:

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The principal amount if compounded annually, the formula that represents the amount to be received after n years is:

\rm A = P(1 + \dfrac{r}{100})^t where A is the amount received after compounding, P is the principal, r is the rate of interest and t is the tenure.

<h3>Solution:</h3>

Given:

Annual interest rate(r) is 5.5%

Principal is(P) $300

Tenure is(t) 10 years

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The amount received after compounding at the end of 1 year will be:

\rm A = 300(1 + \dfrac{5.5}{100})^1\\&#10;\\&#10;A=300(1.055)\\&#10;\\&#10;A=\$316.5

Similarly, the amount to be received after 2 years will be:

316.5+316.5(1.055)

The amount received after 10 years will be:

316.5+316.5(1.055)+316.5(1.055)^2+.......  upto 10 years

Therefore the summation that represents the money in account after 10 years is:

\begin{aligned}\sum_{10}^{n=1}316.5(1.055)^{n-1} \end{aligned}

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