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Elenna [48]
3 years ago
9

Understanding Different Types of Credit

Mathematics
1 answer:
Lady bird [3.3K]3 years ago
7 0

Answer:

easy access credit:

two-week pay day

title loan

open end credit:

credit card

$2000 monthly line

closed end:

car loan

home loan

Step-by-step explanation:

correct on edge2020

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terrence's annual take home pay is $45,000. what is the max amount that he can spend per month paying off credit card and loans
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Answer:

18 credits if studying, if working this is usually monthly and does not reflect credit overload. Unless there are bank credit card payments to pay and normal charges.

Lets say charges are £20 a month and no student debt.

Plus 30 x monthly rent for annual proof for lettings. shows $30,000 credit worth + 15000 extra..

Average rent $1000 a month. = 12,000  45000-12000 = 33000 utility and necessary expenditure $3000 a year = $30,000.

Therefore debt can be considered long term payments at half this $15,000 p/y

or 7% of 45,000

7% = $3150 p/y / 12 = $262.5 p/m

with $11,850 of $30000 to be considered for credit worth + approval and interest in any 12 month term.

Should Terrance require low interest credit his worth thereafter if rent was low at $1000 a month, he would be considered for maximum $880 repayment terms for short term new loans.

Step-by-step explanation:

6 0
3 years ago
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4 red marbles, 6 blue marbles, and 9 yellow marbles. what is the ratio of red marbles to blue marbles
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Answer:

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Step-by-step explanation:


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