Unless an exact plan for longer payback was agreed upon, a personal loan should always be considered which type of loan?

Business

2 answers:

VMariaS [17]3 years ago

6 0

Answer:

A) installment loan

Explanation:

This is what an installment loan is. Hope this helps!

marysya [2.9K]3 years ago

5 0

Answer:

D) Immediate payback

Explanation:

In the question, it says "unless longer payback was agreed upon" which means the answer would have to be opposite... an immediate payback. Hope this helps!

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The Holiday Corporation had sales of $450 million this year. Its accounts receivable balance averaged $30 million. How long, on

Zina [86]

Answer:

24.3 days

Explanation:

Calculation for How long, on average, does it take the firm to collect on its sales

Using this formula

Average collection period = (Accounts receivable / Credit sales) * 365 days

Let plug in the formula

Average collection period =$30 million/$450 million *365 days

Average collection period =24.3 days

Therefore How long, on average, does it take the firm to collect on its sales is 24.3 days

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3 years ago

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Answer:

false

Explanation:

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3 years ago

A bond has a face value of $1,000, a coupon of 4% paid annually, a maturity of 30 years, and a yield to maturity of 7%. What rat

Lelechka [254]

Answer:

-11.8%

Explanation:

the key to answer this question is to remember that valuation of a bond depends basically of calculating the present value of a series of cash flows, so let´s think about a bond as if you were a lender so you will get interest by the money you lend (coupon) and at the end of n years you will get back the money you lend at the beginnin (principal), so applying math we have the bond value given by:

$price=\frac{principal*coupon}{(1+i)^{1} }+ \frac{principal*coupon}{(1+i)^{2} } \frac{principal*coupon}{(1+i)^{3} }+...+\frac{principal+principal*coupon}{(1+i)^{n} }$

so in this particular case that one year later there are 29 years to maturity so we have:

$price=\frac{1,000*0.04}{(1+0.08)^{1} }+ \frac{1,000*0.04}{(1+0.08)^{2} } \frac{1000*0.04}{(1+0.08)^{3} }+...+\frac{1,000+1,000*0.04}{(1+0.08)^{30} }$