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sweet-ann [11.9K]
3 years ago
7

Why would you want to offer a down payment on an item such as a car or a house?​

Business
2 answers:
Aliun [14]3 years ago
8 0

Answer:

A down payment helps the buyer to obtain ownership of the property or vehicle and also helps them to reduce the monthly payment towards the mortgage principal and interest. The buyer can get a lower interest rate by paying a higher down payment.

CaHeK987 [17]3 years ago
3 0
When you buy expensive items with a loan, you often need to make a down payment to cover a portion of the purchase price. That initial payment is often critical for getting approved, and it can affect your borrowing costs throughout the life of your loan. As a result, it’s wise to understand how down payments work so you can choose the right down payment amount.
You might be interested in
Question 1
eimsori [14]

Answer:

Explanation:

I think it's A.

You should always question the source. You might be lucky and discover what they've not said about their product. Or you may discover it is simply not true.

A few years back (many in fact), there was a product on the market call Laetrile. It was produced from peach pits. It has an overwhelming popularity that Sloan Kettering (the Cancer Clinic in New York -- the oldest and largest one in the world), spent some of their needed grant money  to test Laetrile. The results -- nothing. Imagine what happened to those who marketed this product.  Word got around. People with Cancer are pretty desperate. They and their loved ones will try anything.

But the facts on the internet help to dispel this kind of thing.

5 0
3 years ago
Harlose Suits owns more equipment than required for manufacturing goods during periods of regular demand in order to tackle sudd
alex41 [277]

Answer:

Harlose Suits owns more equipment than required for manufacturing goods during periods of regular demand in order to tackle sudden demand surges. It also has a certain reserve of produced goods to tackle material shortages. In this case, the reserve of equipment and produced goods are examples of <u>the</u> <u>capacity cushion</u>.

Explanation:

The capacity cushion is the amount of reserve capacity that a business keeps to manage sudden increases of demand or momentarily losses of production capacity.

5 0
3 years ago
According to WSJ article, companies like Apple, Deere, and Walt Disney recently issued new bonds on the market, totaling $27 bil
lana66690 [7]

Answer: Fall in Benchmark Interest Rates.

Explanation:

This activity was caused by a Refinancing Drive. Refinancing is when entities get a new loan with a lower interest rate and pay off the older loan with a higher interest rate so that they can pay at the lower rate.

Bond interest rates are usually fixed so when interest rates in a country fall, bond holders don't benefit from that. One option they have to take advantage of that is to go on a Refinancing Drive and issue new bonds at those lower rates and then pay off the older ones.

That is what Apple, Deere, and Walt Disney have done.

3 0
3 years ago
For each of the following, compute the present value: (Do not round intermediate calculations and round your answers to 2 decima
Crazy boy [7]

Answer:

Results are below.

Explanation:

Giving the following information:

Years - Interest Rate - Future Value

9 7% $18,828

1 12% 43,017

13 15% 805,382

18 14% 662,816

To calculate the present value, we need to use the following formula:

PV= FV/(1+i)^n

1: PV= 18,828/(1.07^9)= $10,241.18

2: PV= 43,017/(1.12)= $38,408.04

3: PV= 805,382/(1.15^13)= $130,897.1

4: PV= 662,816/(1.14^18)= $62,676.63

4 0
3 years ago
Many workplace safety rules are created by which government agency?
77julia77 [94]
More than likely OSHA
8 0
3 years ago
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