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Dafna11 [192]
3 years ago
12

Letitia borrowed $6,000 from her bank two years ago. The loan term is four years. Each year, she must repay the bank $1,500 in p

rincipal plus the annual interest. The payments are in equal amounts, with the entire loan paid off by the end of the four years. Which type of loan does she have
Business
1 answer:
marysya [2.9K]3 years ago
5 0

Answer:

amortised loan

Explanation:

Letitia borrowed money from the bank, and according to the loan regulations, she has to pay an equal amount for the rest of two years, which shows that it is a type of amortised loan. In amortised loan customers pay back the loan in stages, and they pay that according to the criteria of the bank.

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anastassius [24]
B.

It says Liza is risk tolerant, therefore it would make sense that she would hold on to these stocks as risk tolerant people often hold onto stocks in the long term.
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3 years ago
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Julius asks Rachel if she would like to sell her boat. Rachel privately has no interest in selling her boat, and believes that J
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Answer:

formed a valid contract because Rachel's outward expressions showed the formation of a contract.

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The contract is considered as 'valid' and considered to be a verbal agreement as soon as Rachel proposed a price and Julius agreed upon it.

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8 0
3 years ago
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lina2011 [118]

Answer:

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Explanation:

6 0
3 years ago
Which type of account typically has very high liquidity, low or no interest, and low minimum balance?
faltersainse [42]
I would say that it is a CHECKING ACCOUNT. The answer for this would be option A. This type of account can be accessed anytime which makes its liquidity very high, but on the other side, this has very low interest and the minimum balance required is also low. Hope this helps.
7 0
3 years ago
A tax structured so that people with the same income pay the same percentage of their income in taxes is called a (an)__________
djyliett [7]

Answer:

c. progressive tax

Explanation:

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4 0
3 years ago
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