Because if you default on the loan they will go after the co-signer for the balance due. Since the co-signer has good credit he won't want to ruin it and that will make him a good bet that he will pay back the loan.
Answer:
True
Explanation:
In simple words, Relatively persistent flows of capital transfers and interactions between two or several entities are termed inter-organizational connections. These relationships are considered to be risky and often results in superior returns. It helps two firms to operate in a ritualistic partnership combined which does not force them to combine into a common company.
Answer:
a. Their AGI is $15,000, consisting of $5,000 of capital gains and $10,000 of wages.
- $0, SINCE INVESTMENT INCOME EXCEEDS $3,600
b. Their AGI is $15,000, consisting of $10,000 of lottery winnings (unearned income) and $5,000 of wages.
- $3,526, SINCE TOTAL EARNED INCOME AND AGI ARE LESS THAN $46,884
c. Their AGI is $25,000, consisting of $20,000 of wages and $5,000 of lottery winnings (unearned income).
- $3,526, SINCE TOTAL EARNED INCOME AND AGI ARE LESS THAN $46,884
d. Their AGI is $25,000, consisting of $5,000 of wages and $20,000 of lottery winnings (unearned income).
- $3,526, SINCE TOTAL EARNED INCOME AND AGI ARE LESS THAN $46,884
e. Their AGI is $10,000, consisting of $10,000 of lottery winnings (unearned income).
- $0, SINCE NO EARNED INCOME IS INCLUDED
Option:
A) Average daily balance method
B) average monthly balance method
C) adjusted balance method
D) previous balance method
Answer: . D) prevail balance method
Explanation:
The previous balance method is one that excludes payments, credits, and new purchases that happened during the current billing cycle, for calculating finance charges.
Answer:
The answer is 3. $27,178.
Explanation:
You have to calculate for each year a new principal to be compounded.
Therefore the formula for next period's principal will be:
Where
is the principal for next period,
is the principal for this period,
r is the interest rate,
D are the deposits made into the savings account at the end of the period. (therefore it will only compound in next period).
The first year the principal will be the graduation gift:
At the end of the second year Jay will have:
The third year:
The fourth year the amount being deposited changes from $3,500 to $5,000:
The fifth year is the last year:
The result is rounded to $27,178.
