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
You are a manager at Asda. You have been given the demand data for the past 10 weeks for swim rings for children. You decide to
exis [7]

Answer: Ch ch ch chia

Explanation:

7 0
3 years ago
Read the scenario and answer the question.
Aleksandr-060686 [28]

Answer:

A). The price of gasoline increased in coastal cities since gasoline was harder to find.

Explanation:

As per the principles of demand and supply, a decrease in supply while demand remains constant will cause the price to increase.  In Georgia, the supply of gasoline was interrupted by the storm's effect. There was little gasoline coming in, leading to a shortage. After Electricity went off, gasoline demand must have gone high as people needed fuel for generators.

Gasoline has no close substitutes, especially when used as fuel for cars and generators. A shortage results in the scramble for the little available products. Sellers hike prices to maximize profits, and buyers are willing to pay more to get the scarce gasoline, thereby increasing its prices.

6 0
3 years ago
Assume lawyer services are priced by the hour and elasticity of demand for a particular lawyer is 0.6. If she were to increase h
Dmitry [639]

Answer:

C. Fall, 30%, Rise

Explanation:

  • Price Elasticity of Demand is responsive change in demand, due to change in price.

P.Ed = % change in demand / % change in price.

Given : Price rise by 50% , P.Ed = 0.6

So, % change in demand = P.ed x % change in price

% change in demand = 0.6 (50)

% change in demand = 30%

Law of demand states negative relationship between price & demand, so P.ed is negative. Price rise 50% reduces demand by 30%.

  • P.Ed can be : Elastic ( > 1 ), or Inelastic ( < 1 ).  If P.Ed is Elastic, price & total revenue are inversely related. If P.Ed is Inelastic, price & total revenue are directly related.

So, Given PEd = 0.6 (i.e < 1 ) : Inelastic Demand implies price & total revenue are directly related related to each other. So, price fall lead to TR fall & price rise lead to TR rise.

6 0
3 years ago
1. When you spend more than you make, you have a(n) _____?
Y_Kistochka [10]
I think the correct answer from the choices listed above is option A. When you spend more than you make, you have a deficit. <span>In economics, a </span>deficit is<span> an excess of expenditures over revenue in a given time period. Hope this answers the question. Have a nice day.</span>
7 0
3 years ago
Read 2 more answers
Suppose there are only two firms that sell smartphones: Flashfone and Pictech. The following payoff matrix shows the profit (in
Ann [662]

Answer:

Flashfone and Pictech

a. If Flashfone prices high, Pictech will make more profit if it chooses a (high,low) __low___ price, and if Flashfone prices low, Pictech will make more profit if it chooses a(high,low)___low____ price.

b. If Pictech prices high, Flashfone will make more profit if it chooses a(high,low)__low____price, and if Pictech prices low, Flashfone will make more profit if it chooses a (high,low) __low____ price.

c. Considering all of the information given, pricing high (is, is not) _is not_ a dominant strategy for both Flashfone and Pictech.

Explanation:

a) Data and Calculations:

                                 Pictech Pricing

                                     High        Low

Flashfone Pricing High 11, 11        2, 18

                             Low  18, 2      10, 10

b) A dominant strategy exists if Pictech or Flashfone would implement a particular strategy that benefits it no matter what the other firm does.

3 0
2 years ago
Other questions:
  • Assume the economy is on aggregate demand AD1. The Fed should attempt to raise investment by enough to shift aggregate demand fr
    15·1 answer
  • Benny asked his marketing team to research and collect data regarding the demographics of people residing in the state of Califo
    13·1 answer
  • company has bonds outstanding with a par value of $110,000. The unamortized premium on these bonds is $2,585. If the company ret
    10·1 answer
  • Which type of accounting information is intended to satisfy the needs of external users?
    5·1 answer
  • QS 9-13 Note receivable interest and maturity LO P4 On December 1, Daw Co. accepts a $12,000, 45-day, 7% note from a customer. (
    10·1 answer
  • Scenario D. Jimena works for a small company that makes nut butters from ingredients like cashews and macadamia nuts, and jams f
    13·1 answer
  • The assets and liabilities of Thompson Computer Services at March 31, the end of the current year, and its revenue and expenses
    6·1 answer
  • A company with 100,000 authorized shares of $4 par common stock issued 40,000 shares at $8. Subsequently, the company declared a
    9·1 answer
  • A $25,000 bank loan is to be repaid in equal yearly payments of $2745 over 15 yr at an effective annual interest rate of 7%. The
    12·1 answer
  • What is a karst scenery​
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!