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dimaraw [331]
3 years ago
9

If a borrower is required to provide collateral, then the loan is considered:

Business
1 answer:
larisa86 [58]3 years ago
5 0
Loan with a collateral is a
b. secured loan
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Which of the following would likely be covered under homeowners insurance but NOT by renter's insurance? A)Your basement floods,
Snowcat [4.5K]
I would say that B), C) and D) would apply as events that would be covered by one's own homeowner insurance for sure. The flooding, as long as it wasn't one's own fault, ie it was the neighbour's fault or it ingressed from outside for example should be covered by the building insurance if it is a strata complex and if one has a deductible for flooding in case of one's fault, that will help too.
8 0
3 years ago
Read 2 more answers
Julio's persuasive speech contained the following statement:
Vika [28.1K]

Answer:

Policy persuasive speech.

Explanation:

It should be understood that policy persuasive speech is one of the types of persuasive speech and it is commonly used when there is a policy that is guiding the implementation of a thing. For example, the United States Pharmacopeia was adopted in 1906 and is issued every 5 years under the supervision of a national committee of pharmacists, scientists, and health care providers to provide information concerning drug purity and strength. This means that there is a body or policy guiding the pharmacist and a policy persuasive speech should be guided by that.

7 0
3 years ago
What amount of money was loaned if the borrower paid $950 in interest at the end of 6 months and was charged 7% annual interest?
Ronch [10]

Answer:

The loan amount was $27,142.86

Explanation:

Data provided in the question:

Total interest paid for the loan amount = $950

Time for which interest is charged = 6 months = 0.5 year

Annual interest rate = 7% = 0.07

Now,

Interest  = Principle × Rate × Time

or

$950 = Principle × 0.07 × 0.5

or

Principle = $950 ÷ 0.035

or

Principle = $27,142.86

Hence,

The loan amount was $27,142.86

4 0
3 years ago
Hey um hi if you need help leeme know ig ·ω·
choli [55]
Answer: Okay that’s good lol and same here too
5 0
3 years ago
Read 2 more answers
A bank is negotiating a loan. The loan can either be paid off as a lump sum of $80,000 at the end of four years, or as equal ann
REY [17]

Answer:

$18,287.32

Explanation:

We use the PMT formula i.e shown in the attachment below:

Data provided in the question

Present value = $0

Future value = $80,000

Rate of interest = 6%

Time period = 4 years

The formula is shown below:

= NPER(Rate;PMT;PV;-FV;type)

The future value come in negative

So, after solving this, the annual payments should be made is $18,287.32

6 0
3 years ago
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