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2 years ago

Which of the following statements explains what information bank customers will most typically receive when securing loans?

Business

1 answer:

SIZIF [17.4K]2 years ago

7 0

Answer:

A.

The loan will be set for a given range, and the bank will establish a rigid payment plan

Explanation:

Hope this helps:)

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You found your dream vacation cottage in the mountains and your offer of $78,000 was accepted. You plan to put 20% down and will

zepelin [54]

Answer:

financing 62,400 dollars

Monthly Payment $ 465.48

Total Interest 21,386.4

Rounding to nearest $ 100

Additional $$ 34.52

We save up to 16 payments and $2,136.4 in interest.

By-weekly payment $232.60

Total Interest saved $ 194.4

Explanation:

78,000 less 20% down-payment: 62,400

Monthly Payment

$PV \div \frac{1-(1+r)^{-time} }{rate} = C\\$

PV $62,400.00

time 180

rate 0.0034375

$62400 \div \frac{1-(1+0.0034375)^{-180} }{0.0034375} = C\\$

C $ 465.484

Total Interest

quota times time less principal

$ 465.48 x 180 - 62,400 = 21,386.4

$ 500 - $ 465.48 = $ 34.52

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C $500.00

time n

rate 0.0034375

PV $62,400.0000

$500 \times \frac{1-(1+0.0034375)^{-n} }{0.0034375} = 62400\\$

$(1+0.0034375)^{-n}= 1-\frac{62400\times0.0034375}{500}$

$(1+0.0034375)^{-n}= 0.571$

We now use logaritmics properties to solve for n

$-n= \frac{log0.571}{log(1+0.0034375)$

-163.2956066

180 - 164 = 16 payments

Total Interst 500 x 163.30 - 62,400 = 19,250

Interest savings 21,386.4 - 19,250 = 2,136.4

If payment are bi-weekly:

then payments will be:

$PV \div \frac{1-(1+r)^{-time} }{rate} = C\\$

PV $62,400.00

time 360

rate 0.00171875

$62400 \div \frac{1-(1+0.00171875)^{-360} }{0.00171875} = C\\$

C $ 232.598

And total Interest:

232.2 x 360 - 62,400 = 21,192

Difference 21,386.4 - 21,192 = $ 194.4

6 0

3 years ago

Xerox had a monopoly on photocopiers for several years as the technology underlying the photocopier was protected by strong pate

katovenus [111]

Answer:

C. international strategy.

Explanation:

There are several business strategies been used different corporate to survive and grow in various business condition.

International strategy is one of the business strategies that involve the adaptation of foreign policies and selling goods and services at the International market with some local customization to the product. When a firm pursues an international strategy, the head office of the firm retains fairly tight control over marketing and product strategy. Each subsidiary of the company, which is spread all over the world has independent operations with the least interference from the parent company.

In the given case, Xerox had a monopoly on photocopier technologies as they are protected by strong patents, which is their international strategy.

5 0

3 years ago

Roscoe signs a written agreement with Philip, giving Philip the right to cast Roscoe's votes for a certain group of people nomin

WINSTONCH [101]

Answer: Proxy

Explanation:

The proxy agreement is one of the type of legal or the authorized act which is done of the behalf of another person. By using this type of agreement we can easily done various types of legal formalities in the business management firm.

The proxy agreement should in the written format and specifically signed by the other member or party in the management. The proxy agreement is valid 10 months starting from the the date of issue.

According to the given question, the agreement between the Philip and the Roscoe is basically know as the proxy agreement in the corporation.

Therefore, Proxy is the correct answer.

8 0

3 years ago

Suppose the different income levels are as follows (N'billions) : Y=100,120,125,140,80,115,145,150,166,200. Calculate the corres

Zielflug [23.3K]

No you have a picture or something yes or ni

6 0

2 years ago

Which of the following is the number one method of financing for most new businesses?

Sergeeva-Olga [200]

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