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:
As a result of an increase in the YTM, the price of the bond will fall $4677.19 from to $4593.67
Explanation:
The bonds are valued or priced based on the present value of annuity of interest payments and the present value of the principal. Based on the YTM of 7.8% the bonds are priced at,
coupon payment = 5000 * 0.067 *1/2 = $167.5
Semiannual YTM = 7.8 *0.5 = 3.9%
Semi annual periods to maturity = 8 * 2 = 16 periods
Old Price = 167.5 * [( 1 - (1 + 0.039)^-16 + 5000 / (1+0.039)^16
Old Price = $4677.19
New semiannual YTM = 8.1% / 2 = 4.05%
New Price = 167.5 * [( 1 - (1+0.0405)^-16) / 0.0405] + 5000 / 1.0405^16
New Price = $4593.67
<span>Both of these examples are illustrative of the "behavior" element of the assertive message format. These example are objective in that they only outlined what happened in a given situation. Although the second may appear to have an emotional connotation, it simply gives an objective impression of what happened.</span>
Answer: Qualitative data cannot be recorded numerically at the initial stage, but can be later converted into numerical data for statistical purposes.
Quantitative data is conclusive in summary, can be recorded numerically first hand.
Explanation:
Qualitative data cannot be recorded numerically at the initial stage, but can be later converted into numerical data for statistical purposes.
Quantitative data is conclusive in summary, can be recorded numerically first hand.
Qualitative variables examples;
Colour of the car
Driver experience
Quantitative variables:
Size of the car
Horse power of the engine -
