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vodomira [7]
3 years ago
7

A loan's principal contains the assets you promise to give the bank if you do not repay a loan as agreed.

Business
1 answer:
amid [387]3 years ago
5 0

Answer:

The statement is: False.

Explanation:

For banks, the principal refers to the amount due on a loan and it is used to calculate interest payments. In other words, it represents the amount of money individuals borrow. The assets individuals promise to give to banks if they cannot repay a loan is called collateral and they include houses, vehicles, investment accounts or any other valuable object.

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Free
horrorfan [7]

Answer:

thanksssssssssssssssssssssssslol

7 0
3 years ago
Read 2 more answers
Fuente, Inc., has identified an investment project with the following cash flows. Year Cash Flow 1 $ 1,075 2 1,210 3 1,340 4 1,4
kirill115 [55]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Year1= 1,075

Year 2= 1,210

Year 3= 1,340

Year 4= 1,420

We need to use the following formula:

FV= ∑PV*(1+i)^n

A) i=0.08

FV= 6,083.35

B) i=0.11

FV= $6513.97

C) i= 0.24

FV= 8669.73

8 0
3 years ago
FedEx Corp. stock ended the previous year at $113.39 per share. It paid a $0.40 per share dividend last year. It ended last year
Maslowich

Answer:

$4,110 and 12.08%

Explanation:

The computation of the dollar return and the percent return is shown below:

Dollar Return = (Ending Value − Beginning Value) + Income  earned

where,

Ending value is

= $126.69 × 300 shares

= $38,007

Beginning value is

= $113.39 × 300 shares

= $34,017

And, the income earned is

= Dividend per share paid × number of shares owed

= $0.40 × 300 shares

= $120

So, the dollar return is

= $38,007 - $34,017 + $120

= $4,110

And, the percentage return is

= (Dollar return ÷ Beginning value) × 100

= ($4,110 ÷ $34,017) × 100

= 12.08%

3 0
3 years ago
Suppose the current reserve ratio is 25% and the level of checkable deposits represents total reserves. If the Federal Reserve l
pashok25 [27]

Answer:

Answer is $1,365.3 billion, 5.

Refer below.

Explanation:

Suppose the current reserve ratio is 25% and the level of checkable deposits represents total reserves. If the Federal Reserve lowered the reserve ratio to 20%, excess reserves are now $1,365.3 billion and the money multiplier is 5.

6 0
3 years ago
The advantages of brand extension as a strategy are most closely related to those of _______ Family branding. Multiple branding
anastassius [24]

Answer: Brand Equity

Explanation:

Brand equity refers to a value premium that a company generates from a product with a recognizable name when compared to a generic equivalent. This allows the creation of other products under that brand (brand extension).

An example of brand extension is Apple corperation. They started with computers and extended to other products such as iPods and phones. This is possible under brand equity. Retaining the brand name and extending it via the introduction of new products.

3 0
3 years ago
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