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3 years ago

Subprime lending means lending to borrowers and charging interest that is below the current prime interest rate.

Business

1 answer:

STALIN [3.7K]3 years ago

8 0

Answer:

False

Explanation:

Subprime lending means lending to borrowers and charging interest that is above the current prime interest rate.

The current prime interest refers to the rate offered to the best credit rated customers based on their credit history. This rate is lower as it is meant to be an attraction for the customers who are good credit payers and takers.

The sub-prime lending refers to giving loans at a rate higher than current prime interest rate to the borrowers who are lower on credit rating. This lending takes on higher risk and hence thereby charges higher interest from the borrowers.

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Madison Davidson negotiated for a $30,000 loan with $200 monthly payments, plus 9 percent interest. In this case, what is the mo

Julli [10]

Answer:

$225

Explanation:

Remember, the interest rates of a loan are spread out equally each month.

Therefore, we calculated the value of the total interest in dollars for a year:

30,000/100 x 9 = $2,700 (annual interest in dollars)

Next, we divide the annual interest in dollars by 12 to get the value from the first month:

$2700/12= $225 (First month interest in dollars)

4 0

3 years ago

Which of the following is an example of how advanced technology has helped the modern economy ?

OlgaM077 [116]

Its between a an B but i think its A

7 0

3 years ago

A U.S. manufacturer of adaptive devices for persons with disabilities is considering expanding internationally. It is a fairly s

posledela

Answer:

exporting

Explanation:

The exporting refers to the trade in which the goods and services are produced and sold to the another country. In this, the person who sells the goods and services is known as exporter while the foreign buyer who buyed the goods and services is known as importer

According to the given situation, the company is looking for growth opportunities and it is a fairly small company. Moreover it focused on exporting the goods and services

Hence, the option C is correct

5 0

3 years ago

Marle Construction enters into a contract with a customer to build a warehouse for $950,000 on March 30, 2021, with a performanc

Mandarinka [93]

Answer:

The correct answer is option (B).

Explanation:

According to the scenario, computation of the given data are as follows:

As probability is not correctly given.

Let probability be:

July 31, 2021 = 65%

August 7, 2021 = 25%

August 14, 2021 = 5%

August 21, 2021 = 5%

So, We can calculate the transaction price by using following formula:

Transaction price = (Amount + Bonus) × Probability

July 31, 2018 = ($950,000 + $50,000) × 65% = $650,000

August 7, 2018 = ($950,000 + $40,000) × 25% = $247,500

August 14, 2018 = ($950,000 + $30,000) × 5% = $49,000

August 21, 2018 = ($950,000 + $20,000) × 5% = $48,500

So, Total transaction price = $650,000 + $247,500 + $49,000 + $48,500

= $995,000

5 0

3 years ago

if an interest inventory reveals that you are highly interested in solitary, introverted work, what might be the best type of ca

Softa [21]

In my opinion, venturing into world of Arts could be a favorable path for a person highly interested in solitary, introverted work. Visual arts such as painting and photography (nature, macro-shoots, etc) could be better choices. Literature might interest you too. The art of words would allow you to express yourself without talking to animate objects. One could pick a pen or stare at his or her computer when indulging oneself in the ARTS.

You do not have to impress others, your masterpiece could do the talking for you.

Hope this helps. Have a nice day!

8 0

4 years ago