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2 years ago

If someone asked you, “Why should I bother worrying about my credit score?” what would you say?

Business

1 answer:

podryga [215]2 years ago

4 0

Answer:

Without a good credit score and history, the experts say, it's more difficult to qualify for a mortgage or car loan – and more expensive, too, because you won't get the best interest rates. In many states, bad credit can even raise your insurance premiums, cost you a rental apartment, or make it harder to get hired.

~Anna

You might be interested in

If real GDP in a year was $3,900 billion and the price index was 130, then nominal GDP in that year was approximately

Eddi Din [679]

Answer:

$5,070 billion

Explanation:

Given the following:

The real GDP in a year => $3,900 billion

The price index => 130,

The nominal GDP is measured as

=> 100 -130 = 30%

=> 30% × 3,900 = 1,170

=> 1,179 + 3,900 = 5,070

Therefore, in this case, the correct answer is $5,070 billion as the nominal GDP for the year.

6 0

2 years ago

What is hippopotomonstrosesquippedaliophobia

Rudik [331]

a fear of long words

7 0

3 years ago

A(n) ________ in the liquidity of corporate bonds will ________ the price of corporate bonds and ________ the yield on corpora

Fed [463]

Answer:

An <u>increase</u> in the liquidity of corporate bonds will <u>increase</u> the price of corporate bonds and <u>decrease</u> the yield on corporate bonds, all else equal.

Explanation:

Bond liquidity refers to how quickly the bonds can be redeemed and converted to cash. This relates to the ease with which an investor can sell his bond.

High liquidity bonds are costly as they are more in demand and an attractive investment for the investors.

Thus, bond liquidity is directly related to it's price.

The yield of a bond refers to the market rate of return and represents the expectation of the bondholder with respect to rate of return.

A high price bond ( high liquidity) usually pays higher coupon rate of interest which is higher than the market rate of return on similar bonds i.e yield to maturity. This means price of a bond is inversely related to it's yield. Higher the bond price, higher the coupon payment, lower the bond yield.

3 0

3 years ago

Texas Foods has a loan that requires one lump sum payment at the end of 12 years in the amount of $139,000. The interest rate is

vovangra [49]

Answer:

Amount borrowed = $69,418.30

Explanation:

<em>The amount borrowed by Texas Foods would be the present value of the $139,000 payable at the the ed of year 12 with a discount rate of 5.8% computed monthly</em>

PV = A× (1+ r/m)^(-m×n)

P= Amount borrowed-?

A= Lump sum payment- 139,000

r- interest rate- 5,8%

m- number of times compounding is done- 12

r/m= 5.8%/12=0.483%

PV - 139,000 × (1+0.004833)^(-12× 12)=69,418.30

Amount borrowed = $69,418.30

7 0

2 years ago

A construction supply company is adopting a just-in-time inventory system. Mitch Wallace, the president, has decided that restoc

MAVERICK [17]

<h2>"Information review and presentation" is the right answer</h2>

Explanation:

Let us understand the purpose. The purpose here is that, Mitch has brought some new system, which would make the employee feel more comfortable in work and would gain profit to the organization also.

Information review and presentation:

This is the right answer because, Mitch has brought an "inventory system" and he wants his supervisors and his team to learn it.

Motivation:

Here there is no need of motivating supervisors or employees under him/her.

Problem Identification:

Here are there are no issues to solve. There is some new implementation which Mitch wants to share.

Intensive problem solving:

There is no problem to solve and the meeting is called to give an idea of the new system.

7 0

3 years ago