Answer: A home equity loan can be risky because the lender can foreclose if you don’t make your payments. <em><u>The following statement is true. </u></em>
But the foreclosure depends on the value of your home. Defaulting on a home equity loan could result in a foreclosure. The home equity lender does depends on the value of your home. If you have equity in your home, your lender is more likely to start foreclosure, since it has a seemingly great chances of recovering some of its money. The more equity, the more likely your lender will choose to foreclose.
Answer:
Being debt-free within 15 years is an example of a long-term goal.
Explanation:
One main characteristic of a long-term goal is that it involves a planning horizon that is more than 5 years during which some thoughts are paid to the goal, and the means of achieving it are marshalled out, and rigorously pursued. Long-terms goals are best broken into manageable, short-term, and medium-term goals to enable the decision-maker to accomplish her goal. The future is always uncertain, to achieve a long-term goal you must remain motivated.
The answer is the inflation from 2005 to 2006 has changed by [3.6%]
Answer: The answer would be $282.33
Explanation: Multiply the $8.95 per hour by the 40 hours he works which will equal to 358, add all the deduction amounts together which will equal to 75.67, take away 75.67 from the 358 from before which will give your answer $282.33.
Answer:
When firms are unable to differentiate their products
Explanation:
Direct competition is also known as perfect competition which occurs when two or more firms produce and sell the commodities that are not in anyway different. This makes the buyers not have preference for any of the product as the commodities are largely the same.
However, when firms can differentiate their products, they now more in perfect competition but now in indirect competition or monopolistically competitive market. Indirect competition therefore occurs when firms sell differentiated products which are not really the same because they are branded but these products can provide the same satisfaction to the need of the consumer.
Therefore, the threat of direct competition tends to be high when when firms are unable to differentiate their products.
I wish you the best.
