It shows a pattern of responsibility.
If you have only had accounts for 1 month, it doesn't really give a full picture of whether or not you always make your payments on time, etc. However if you have had accounts for 20 years, creditors have more history to look through to determine if you are responsible.
Keep in mind, checking and savings accounts are not the primary type of accounts that creditors want to look at because those only deal with spending money you already have. Lenders really want to know how you handle money that you <em>borrow</em>, such as school loans, credit cards, rent payments, and auto loans.
Answer: $742910
Explanation:
The weighted average combines interest rates into a single interest rate which yields a combined cost which is about thesame as cost of the original separate loans.
The weighted-average interest rate for interest capitalization purposes for the company above is calculated in the attachment below.
Make sure you know you basic math operations. (+ , - , x , /) Know your Oder of operations (some call it as PEMDAS) Know how to work with negative numbers. Make sure to keep your work organized. Understand what variables are/stand for.
Answer:
Suburbs give people access to city jobs along with more living space. ( A )
A bank is earning 6 percent on its $150 million in earning assets and is paying 4.75 percent on its liabilities. the bank's interest rate spread is <u>1.25 percent</u>
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The amount of interest due each period expressed as a percentage of the amount lent, deposited, or borrowed is known as an interest rate (called the principal sum). The total interest on a loaned or borrowed sum is determined by the principal amount, the interest rate, the frequency of compounding, and the period of time the loan, deposit, or borrowing took place.
The interest rate over a year is known as the annual interest rate. Other interest rates are applicable over shorter time frames, such a day or a month, but they are typically annualized. Interest rates fluctuate in response to market supply and demand.
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