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Basile [38]
3 years ago
11

Which of the following statements about credit scores is TRUE

Business
1 answer:
neonofarm [45]3 years ago
7 0
<span>A credit score is an analytical number that interprets a person's trustworthiness.The following statements are facts about credit scores:1. -credit scores reflect how likely individuals are to repay their debts 2.-credit scores range from the low 300's to the mid 800's 3.-each person has three credit scores</span>
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Eric's textbook costs $90, and he can resell it in one year's time for $45. if the annual interest rate is 10%, then the present
Archy [21]
<span>$41 Given a discount rate, the present value (PV) of money you expect to receive in the future (FV) at a specified interest rate (R) for a specified number of periods (N) is PV = FV/(1+R)^N So let's plug in the known values and solve. PV = 45/(1+0.10)^1 PV = 45/(1.10)^1 PV = 45/1.10 PV = 40.90909091 Rounding to the nearest dollar gives $41</span>
7 0
3 years ago
A coupon bond that pays interest of 4% annually has a par value of $1,000, matures in 5 years, and is selling today at $785. The
jarptica [38.1K]

Answer:

Actual Yiel to maturity is 9.3%

Explanation:

Yield to maturity is the annual rate of return that an investor receives if a bond bond is held until the maturity.

Face value = F = $1,000

Coupon payment = $1,000 x 4% = $40

Selling price = P = $785

Number of payment = n = 5 years

Yield to maturity = [ C + ( F - P ) / n ] / [ (F + P ) / 2 ]

Yield to maturity = [ $40 + ( $1,000 - $785 ) / 5 ] / [ ( 1,000 + $785 ) / 2 ]

Yield to maturity = [ $40 + $43 ] / $892.5  = $83 /$892.5 = 0.0645 = 0.093%

3 0
3 years ago
Q 2.29: Val-Tek has current assets of $1,700,000 and current liabilities of $900,000. If they pay $100,000 owed to a creditor, w
irina1246 [14]

Answer:2 : 1

Explanation:

current ratio = current asset/current liability

If current liability was $900,000 less $100,000= $800,000

Therefore the current ratio=

$1,700,000/$800,000 =

2 : 1

3 0
4 years ago
Read 2 more answers
Adding a chart to the header of a form will result in a(n)
Sonbull [250]

Answer:

Chart without a legend.

Hope this helped.

8 0
3 years ago
Which of the following accounts would be increased with a Debit? (Choose all that apply)
iVinArrow [24]

Answer:

It would be C. If this question has more than one answer, then it would be C & E

Explanation:

7 0
3 years ago
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