All categories

3 years ago

Which of the following loans will typically offer the lowest interest rate

2 answers:

5 0

Student loans, which are given to those in college by the federal government, are most commonly known as the loans with the small interest rates. These loans are fixed rates and will not increase overtime, they just accumulate monthly untilt he loans are paid off.

Mkey [24]3 years ago

3 0

The option (c) is correct.

Mortgage loan offers the lowest interest rate.

Further explanation:

Mortgage loan:

Mortgage loan is a type of loan where the asset is used as a collateraland then the loan is disbursed. Mortgage payment remains constant. The issuer of the loan specifies the amount of the mortgage payment and the time interval of the payment. So the amount of mortgage payment remains same for all the installments. The loan is secured by the asset therefore, there is very low risk as the asset can be used in case of default. The low risk nature of the mortgage loan results in the low-interest rate.

Therefore, mortgage loans have a low rate of interest.

Justification for the correct and incorrect options:

Payday loan: This is an incorrect option.

Payday loan has the highest rate of interest.

Car loan: This is an incorrect option.

Car loan has the higher interest rate than mortgage loan,

Mortgage loan: This is the correct option.

Mortgage loans are guaranteed by assets therefore, has the lowest rate of interest.

Credit card: This is an incorrect option.

Credit card charges a high rate of interest on the amount borrowed.

Learn more:

1. Learn more about the collateral loans

brainly.com/question/9913858

2. Learn more about loaning the money

brainly.com/question/1373941

3. Learn more about the mortgage payment

brainly.com/question/3073010

Answer details

Grade: Senior School

Subject: Business Studies

Chapter: Bonds & Debentures

Keywords: loans, typically, offer, lowest, interest rate, payday loan, car, loan, mortgage, credit card.

You might be interested in

What are some of the barriers to effective communication? Describe a situation where effective communication may be difficult.

sveticcg [70]

May be different for mega free galaxy or Milky Way

8 0

3 years ago

_______ product/services are those such as an Apple iPod, Harley Davidson, or Starbucks latte for the which the consumer shows a

Butoxors [25]

Answer:

Specialty products or services

Explanation:

Specialty products or services are the ones that are bought because they either have very specific characteristics or most commonly because they have developed brand loyalty. Most of the time their customers are so loyal to them that they will seek to purchase them specifically and will just ignore the competition.

Customers may say that they buy Starbucks coffee because it's the best coffee, etc., but they probably haven't even tried any other different coffee shop in a long time. People who buy Apple products say they buy them for their technical characteristics but they actually don't even compare an iPhone to other cellphones to see what advantage does the iPhone have.

7 0

4 years ago

Minion, Inc., has no debt outstanding and a total market value of $211,875. Earnings before interest and taxes, EBIT, are projec

Troyanec [42]

Answer:

Please see attached.

Explanation:

a. Calculate earnings per share EPS under each of the three economic scenarios

a.2 Calculate the percentage changes in earnings per share EPS for economic expansion, or recession.

b-i calculate economic per share EPS, under each of the three economic scenarios after recapitalisation.

b-2 calculate the percentage changes in EPS when the economy enters or expand a recession assuming no recapitalisation occurred.

Please find attached detailed solution to the above questions.

5 0

3 years ago

Frank bought some mini blinds. Although he did not receive a written warranty, the blinds should be expected to open and close p

SIZIF [17.4K]

Answer:

C.Implied warranty

Explanation:

An implied warranty is an assumed assurance that the product purchased is fit to function as intended. The implied warranty can be oral, written, or silent.

An implied warranty protects customers from dishonest traders. All products and some services carry an implied warranty, written or not. The warranty guarantees that the product conforms to the buyer's expectations. For example, if you buy a car, you expect the engine to start and the vehicle to move.

Frank has an implied warranty. He's expectations are the blind will work. Products with an implied warranty may also come with other forms of assurances such as express or full warranties.

8 0

3 years ago

One way products can be categorized is by brand. O a) True Ob) False

Scorpion4ik [409]

Answer:

A. True.

Explanation:

One of the direct implementation for this categorization can be seen if you go to your supermarket. Supermarkets tend to categorize their product in a way that resulted in the most sales.

In order to achieve this, they tend to lined up the most popular brands on a place that's close to costumers' eye level on the shelf. The less popular brand will be place on top or lower part of the shelf that's a little bit harder to see.

4 0

3 years ago