1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Marina CMI [18]
3 years ago
9

Conduct online research and find three different types of loans that are available to consumers. For each loan, describe its fea

tures and benefits
along with the costs and risks of the loan. Fill out the table using the information you gathered.
Loan 1
Loan 2
Loan 3
Type of loan
Features/benefits
Costs
Risks

Business
1 answer:
asambeis [7]3 years ago
3 0

Answer:

 

Type of loan <u>credit card</u> unsecured loan <em>retail financing</em>

Features/benefits <u>miles toward travel; no fixed maturity date</u> no collateral is necessary; no fixed maturity date <em>no payment due for the first six months </em>

Costs <u>interest rate of 11 percent</u> interest rate of 10 percent <em>interest rate of 17 percent </em>

Risks <u>can rack up debt quickly; penalties for late or missed payments  </u><em>relatively little risk to the consumer</em> <em> must be paid off in five years , the minimum payments with interest are extremely high</em>

Explanation:PLATO ANSWER

Credit card info is underlines

Unsecured loan is bold

retail financing is in italics

You might be interested in
What interest rate is implicit in a $1,000 par value zero-coupon bond that matures in 7 years if the current price is $500. Plea
Softa [21]

Answer:

0.104

Explanation:

We are to determine the yield to maturity of the bond

yield to maturity can be determined using a financial calculator

Cash flow in year 0 = -500

Cash flow each year from year 1 to 6 = 0

Cash flow in year 7 = 1000

YTM = 10.4%

To find the YTM using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.  

6 0
2 years ago
"Tariffs and other trade restrictions increase the domestic scarcity of products from abroad. Such policies benefit domestic pro
iris [78.8K]

Answer: is correct

Explanation: Tariff refers to the tax imposed on import and export activities. These are a type of trade restrictions that are made to regulate the domestic market of the country.

The tariff imposed on export will increase the price of the exported goods in the domestic market. Thus a majority population in the country will not purchase it and the domestic producers will benefit from this situation. In such a case, the domestic producers will make unreasonable profits from domestic consumers.

3 0
3 years ago
_____1. The price paid for the use of someone else’s property.
jonny [76]
The correct term to fill in the blank would be rent. The price paid for the use of someone else's property is called rent. It is a periodic and fixed amount of money paid by one that uses the possession of one.
7 0
4 years ago
Because customers participate directly in the service process, the success of technological innovation is dependent upon:
miss Akunina [59]
<span>Because customers often participate directly when it comes to the service process, the success of any technological innovation is highly dependent on customer acceptance. This means that if the customers don't like the product or something about it, a technological innovation will not find a place in the main stream and will be unable to succeed.</span>
5 0
4 years ago
What effect do rising input costs have on the price of a good.
Genrish500 [490]

Answer:

Explanation:

Inputs are the factors required for production to take place. They may include labor and raw materials. In economics, inputs are the four factors of production that include land, labor, entrepreneurship, and capital.

The final cost of a product is dependent on the costs of production. The cost of production is an aggregation of the cost of each input used in the production. For a company to stay in operation, it must meet all its production costs. These costs are spread to each unit produced.  A high production cost will result in an expensive product. Should the cost of any of the input increase, then the overall cost of the products will rise.

4 0
3 years ago
Other questions:
  • From the time he arrives at the craters' farm, mr. shiftlet's greatest desire is for
    9·1 answer
  • Other than fees, what is a drawback (negative) to having credit?
    10·2 answers
  • Sherri's Tan-O-Rama is a local tanning salon. The following information reflects its number of appointments and total costs for
    10·1 answer
  • The differences between career and non career​
    12·1 answer
  • In ________ ranking, raters look at a list of employees, decide who the best employee is, and cross that person's name off the l
    10·1 answer
  • World trade has grown substantially in the last 60 years. for example, while world output grew at an annual rate of 3.8% per yea
    10·1 answer
  • Yield management pricing is ______. Multiple choice question. setting a price a few cents or a few dollars below an even number
    11·1 answer
  • Houpe Corporation produces and sells a single product. Data concerning that product appear below: Per Unit Percent of Sales Sell
    12·1 answer
  • 2. List three interpersonal skills that sales associates need.
    12·1 answer
  • A form of market manipulation that attempts to keep the price of the stock from falling is called?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!