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Goshia [24]
3 years ago
5

Old Doc White advised you to do your homework before applying for a consumer loan. Which of the following is his main piece of a

dvice on preparing to get a consumer​ loan?
A. Build a monthly budget that includes the loan​ payment, but​ there's no need to include any of the associated costs​ (insurance, maintenance,​ etc.) in your budget because they are too hard to estimate.
B. Take the shortest loan term​ (number of​ years) possible so that you are out of debt faster
C. Check your credit history at least​ 3-6 months before applying for the loan.
D. Apply for a loan at 3 separate banks to ensure that you will have enough money to make the purchase​ (The Babe Ruth​ Rule).
Business
1 answer:
Harman [31]3 years ago
7 0

Answer:

C) Check your credit history at least​ 3-6 months before applying for the loan.

Explanation:

Financial advisors will always tell us that we need to have at least 700 points in our credit score. That way when we apply for a loan we will get lower interest rates and longer terms.

If your are planning to buy a house or a car and you know you will need a big loan, you should review your credit score a few months before applying for the loan since there is a simple way you can increase your credit score. The simplest way to increase your credit score is to apply for several credit cards within a 3 to 4 month period. It doesn't matter if the credit card applications are accepted or not, your credit score will increase because number of inquiries on your credit history increased.

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The donors should be given a nice thank you for the support they have made to the Metropolitan Health Center. The donors have donated and supported the center during this fundraising campaign. The donors must feel appreciated as they have supported the center. The letter should start from a big Thank you to all the donors.

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3 years ago
Using the average score to describe a sample is an example of _____.
Savatey [412]
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3 0
3 years ago
Claire purchases an eight-year callable bond with a 10% annual coupon rate payable semiannually. The bond has a face value of 3,
Liula [17]

Answer:

12.41%

Explanation:

yield to call = {coupon + [(call value - market value)/n]} / [(call value - market value)/2]

0.05 = {150 + [(2,900 - market value)/8]} / [(2,900 - market value)/2]

0.05 x [(2,900 - market value)/2] = 150 + [(2,900 - market value)/8]

0.05 x (1,450 + 0.5MV) = 150 + 362.5 - 0.125MV

72.5 + 0.025MV = 512.5 - 0.125MV

0.15MV = 440

MV = 440 / 0.15 = $2,933.33

Claire's total returns = $150 (coupon) + ($2,960 - $2,933.33) = $176.67

Claire's return on investment = $176.67 / $2,933.33 = 6.02273%

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4 0
3 years ago
What is the expected salary range for ocean engineer from entry level to being at the top of their field?
Troyanec [42]

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The profession of ocean is considered to be one of the highest paid branch of engineering, with most recruiters belonging to extraction industry. The median salary of an ocean engineer, as per the latest data is $70,285.

7 0
3 years ago
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