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vagabundo [1.1K]
2 years ago
15

Q: Tom would like to take out a secured loan to help pay for a vacation this summer. He has offered his car as collateral. His c

ar is worth $3,500. His bank can offer loans for 80% of collateral value. The vacation he has planned will cost $4,750. Approximately how much additional collateral will Tom need to offer in order to borrow enough to go on his vacations planned?
A: $2,437.50

please walk me through the steps so that I have an explanation/understanding.
Mathematics
1 answer:
givi [52]2 years ago
3 0

Answer:

hi

hi

hi

hi

hi

hihiiiiiiiiiiii

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taurus [48]

Answer:

18

Step-by-step explanation:

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3 years ago
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ivanzaharov [21]

Answer:

see explanation

Step-by-step explanation:

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• Parallel lines have equal slopes, thus

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4 0
3 years ago
Ruby red paint costs $0.50 per square inch. A ball is painted ruby red and costs $100.00 to paint. What is the diameter of the b
8090 [49]
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6 0
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Consider the following data: x −4−4 −3−3 −2−2 −1−1 00 P(X=x)P(X=x) 0.20.2 0.30.3 0.10.1 0.20.2 0.20.2 Copy Data Step 4 of 5 : Fi
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Answer:

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x:                −4       −3       −2      −1       0

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4 0
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8 0
3 years ago
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