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3 years ago

How does increasing the size of your down payment impact your auto loan?

Business

1 answer:

Gnom [1K]3 years ago

5 0

Answer:

The correct answer is letter "C": It decreases the size of your principal and decreases the total cost of the loan .

Explanation:

Down payments are the initial sums debtors pay when requesting a credit. Down payments are usually mandatory but the debtor can offer the sum voluntarily.

If the sum provided in the down payment is higher than what is requested, the amount of the principal will be lower. If the amount of the principal is lower, the total of the interest paid in the course to the loan will be lower as well, thus, the cost of the loan will be reduced.

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Homer deposited $3,000 this morning into an account that pays 5 percent interest, compounded annually. Bart also deposited $3,00

Art [367]

Answer:

The answer is "Option a".

Explanation:

In this question, each year Barb pays back the interest received. It will add depth to its principle during the first year. In this, the actual case, the interest for $3000 at 5% for the first year = $150, would be added to $3 000, and $31,50. In the second year, Barb should gain a 5% interest on $3150. Throughout the case of Andy, the second principle will be $3000 like it was at the end of the first year. Thus, Barb's second year is going to have more interest.

In choice b, It is wrong because Andy wants to withdraw its interest, this won't get irritated. He would also receive less interest per year than Barb.
In choice c, Its interest would not be the same for both in the first year.
In choice d, It is wrong because Andy wants to withdraw interest each year, no compound interest will arise.
In choice e, No, not that. Andy won't earn the interest compounded so, the Barb will receive the interest multiplied. Therefore, for the five-year duration, Barb can earn more interest.

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3 years ago

When a country imports more than it exports, it has a(n)?

KIM [24]

It has a trade decifit.

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3 years ago

Things that the minister of sports could consider for sports to be a nation builder

svp [43]

I understand this question to mean "what can a minister of sports (presumably in the US?) do so that sports serves a nation builder"

Sports can be a nation builder when it unites the nation, as when for example all the people cheer for one team. So the minister can for example support national teams.

Sport can also increase people's standard of life, so the minister can support local sport facilities - healthy people mean a healthy nation.

Also, it can be a common goal, such as when a nation organizes some championships, so he or she can apply to host the Olympics for example.

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3 years ago

Making selection decisions by subjectively combining sources of information according to the general impression of the hiring sp

adelina 88 [10]

This is often referred to as the clinical approach. The clinical approach is also known as the threshold approach to clinical decision making. This approach combines rational and quantitative information with a general approach to decision making. In this situation, say you were hiring a new employee, a person using the clinical approach would look at their resume in how they match up with numbers and on paper to the candidate their looking for but also who they are as a person in a general sense.

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3 years ago

Golden Eagle Company prepares monthly financial statements for its bank. The November 30 adjusted trial balance includes the fol

lilavasa [31]

Answer:

Given Below

Explanation:

Golden Eagle Company

General Journal 

Adjusting Entries December 31st 

Sr. No Particulars Debit Credit

1. Supplies Expense $ 1000 Dr.

Supplies Account $ 1000 Cr.

The supplies that were at the end of Nov have been used and new supplies purchased are still on hand.

2. Insurance Expense $ 1000 Dr.

Prepaid Insurance 1,000 Cr.

Insurance cost is $1,000 per month. Insurance of $1000 expired during the month of December.

3. Salaries Expense $ 14000 Dr.

Salaries Payable $ 14000 Cr.

Salaries for December owed for December are $14,000.

4. Unearned Revenue $ 500 Dr.

Revenue Earned $ 500 Cr.

Defered Revenue earned at the end of December.

3 0

3 years ago