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3 years ago

Drag each credit plan to its description.

Business

2 answers:

GarryVolchara [31]3 years ago

6 0

Answer: (1)revolving credit, (2)installment account,& (3)charge card

Explanation:

(1)Borrowers have a fixed credit line that is replenished as the outstanding balance is paid off.

(2)Borrowers have to make regular payments under fixed terms.

(3)Consumers can shop using credit at specific locations.

scoray [572]3 years ago

6 0

Answer:

Borrowers have a fixed credit line that is replenished as the outstanding balance is paid off. -Revolting Credit

Consumers can shop using credit at specific locations. -Charge Card

Borrowers have to make regular payments under fixed terms. -Installment Account

I took the test on plato and got it right

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tia_tia [17]

Answer:

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wherein $K_{d}$ = Cost of debt

I = annual rate of coupon payment

t= tax rate

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when NP is taken as the base, while calculating cost of debt, it is termed as effective interest rate.

So, bond issue costs reduce the net proceeds and thus, increase the effective interest rate of borrowing for the issuer company.

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