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Anastaziya [24]
2 years ago
5

Payment History and Total Debt, together, comprise 65% of your score. Why do you think it's so high?

Business
1 answer:
SIZIF [17.4K]2 years ago
8 0

Answer: Direct evidence of ability to pay debt

Explanation:

Payment history and Total debt are so highly rated because they provide direct evidence of the person's ability to pay back debt.

Payment history shows how well the person had been paying off previous debt and this is very important because it is believed to show a person's ability to pay future debt. If a person's payment history is bad, credit rating agencies will express doubt at this trend changing thus reducing one's credit score.

Total debt is an even more direct determinant of a person's ability to pay. The more debt a person currently holds, the less they will be able to pay for new debt because it would mean that a significant part of their income is already going towards debt payment. This will therefore reduce a person's credit score. The reverse is true.

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How much money should be deposited today in an account that earns 3 %compounded semiannually so that it will accumulate to $ 13,
Elden [556K]

Answer:

PV= $11,889.05

Explanation:

Giving the following information:

Future Value (FV)= $13,000

Number fo periods (n)= 3*2= 6 semesters

Interest rate (i)= 0.03/2= 0.015

<u>To calculate the initial deposit, we need to use the following formula:</u>

PV= FV/(1+i)^n

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3 years ago
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Explanation:

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2 years ago
What are new guidelines issued by GAAP for consolidating entities
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Expenses ; revenues ; adjusting

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If a donut shop sells a dozen donuts for $6.00, what would the cost of 9 donuts be at the same rate?
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To solve this question, first we need to find out the price of a single donut.

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