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3 years ago

The bank allows you to borrow money up to a specific amount

Business

2 answers:

aleksandrvk [35]3 years ago

8 0

Answer:

Revolving credit.

credit.

Explanation:

In "revolving credit", the bank allows you to borrow money up to a specific amount, which is your "credit".

Ulleksa [173]3 years ago

6 0

Revolving credit/credit.

Hope I helped you :3

I think my answer is correct :>

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3 years ago

A local bank’s advertising reads: "Give us $50,000 today, and we’ll pay you $800 every year forever." If you plan to live foreve

Natalka [10]

Answer:

The correct response is Option b (1.60%).

Explanation:

According to the question,

Initial investment,

= $50,000

Perpetual annual cash flows,

= $800

Now,

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= $\frac{Perpetual \ annul \ cash \ flows}{Initial \ investment}$

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2 years ago

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svet-max [94.6K]

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Explanation:

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3 years ago

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Here is the answer that best completes the statement:

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