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3 years ago

Gina made a down payment on a motorcycle. What incentive did she have for making a down payment?

Business

1 answer:

8_murik_8 [283]3 years ago

7 0

Answer:

A reduced time in debt

Explanation:

Gina intends to purchase that motorbike on credit. By making a down-payment, Gina is reducing the amount she needs to borrow to buy the bike.

A reduced loan amount means that Gina will require less to repay. It also implies that the interest to be paid will reduce. Making the down-payment helps Gina stay in debt for a short period.

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3 years ago

A seller sold a house to a buyer allowing the buyer to take over the loan on a "subject to" basis. After 2 years, the buyer defa

3241004551 [841]

Answer:

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Explanation:

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3 years ago

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2 years ago

When a bond's price falls, its yield to maturity and its current yield?a.falls; falls b.rises; rises c.falls; rises d.rises; fal

murzikaleks [220]

Answer:

(B) rises; rises

Explanation:

There is an inverse relationship between a bond's price and its yield, be it its yield to maturity or its current yield. The relationship is evident is the pricing formula for a bond.

$Bond Price = ∑\frac{Coupon}{(1+y)^{n} }$

where y = the current yield of the bond (or yield to maturity)

n = the number or period of each coupon paid.

Thus, when a bond'd price falls, its yield to maturity and current yield rise.

The yield to maturity of a bond is a single yield that equates the discounted values of all coupon and principal repayment of the bond to its current price. On the other hand, the current yield is the yield of the bond at a particular period and is influenced by the level of interest rate in an economy, the current rating of the bond, etc.

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Annette [7]

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