Alexa Campbell - Impact of Credit Score on Loans

Your friend is trying to establish good credit. Your friend is thinking about taking out a $15,000 auto loan to establish some credit on his credit report. Do you think this is a good idea for your friend to do this? Do you have an alternate suggestion? Why?

You currently have a credit card with a balance of $450. If you have a credit limit of $2,000, what is your credit utilization rate?Round to the nearest percent.

Suppose you are a regular employee in a finance company that offers a loan payable through salary deduction. One of its privileges is availing a loan that offers a 5% interest compounded annually for 1 to 5 years. You are thinking to apply for a loan but you wanted to analyze if you can shoulder the monthly payment. Make a loan schedule and fill up an application form that will help you decide the amount of loan that you will make Loan Schedule Loan Amount Maturity Value Monthly Payment t=1 t=2 t=3 t=4 t=5 P10,000 P20,000 P30,000 P40,000 P50,000 P100,000 P150,000 P200,000 P250,000

FIND THE ERRORS AND PUT THE ADJUSTMENTS IN THE TEXT RESPONSE OF THIS ASSIGNMENT EXAMPLE: THE AVAILABLE CREDIT SAYS: ____________________ THE ACTUAL AMOUNT OF AVAILABLE CREDIT IS:_____________________

Hello.  Could I please get step by step instructions/example of how to compute a car loan to determine amount of monthly payments and interest.

Pay day loans are short term loans that you take out against future paychecks: The company advances you money against a future paycheck. Either visit a pay day loan company, or look one up online. Be forewarned that many companies do not make their fees obvious, so you might need to do some digging or look at several companies. Explain the general method by which the loan works.

A borrower has two alternatives for a loan: (1) issue a $360,000, 75-day, 6% note or (2) issue a $360,000, 75-day note that the creditor discounts at 6%. Assume a 360-day year. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.   Calculate the amount of the interest expense for each option. Round your answer to the nearest dollar. $  ________________________ Determine the proceeds received by the borrower in each alternative. Round your answers to the nearest dollar. (1) $360,000, 75-day, 6% interest-bearing note: $___________________________ (2) $360,000, 75-day note discounted at 6%: $ _________________________

Write an appropriate word in the blank so that the resulting statement is true. A monthly mortgage payment is used to repay the principal plus interest. In addition, lending institutions can require monthly deposits into an account, an account used by the lender to pay real estate taxes and insurance.

I need this asap please and thank you.  Describe 2 accrual transactions and 2 deferral transactions. My business is an Electrotechnology Sales and Repair. Please include 2 accrual transactions and there dates, along with 2 deferral transactions and there dates. For the accrual transactions, please use credit or debit sales and credit purchases. For the deferral transactions, please use prepaid insurance and prepaid telephone charges, etc. Note: This can be made up amounts, just as long as they make sense. Please also include an explanation.

For the best terms on a loan or credit card, you need a credit score above 720. To achieve this, start establishing credit now. Pay all of your bills on time. In addition, use only one-third of your available credit limit and pay off your revolving balance(s) each month. R. J. Johnson has excellent credit. She wants to purchase a piece of equipment for her business and was offered 6% for 60 months for the $47,000 unit. What is her monthly payment by add-on method? Note: Round your answer to the nearest cent. Monthly payment

I need help to do question 4 to 7 and show how to find those steps in Excel.

You are the Senior Credit Officer at your bank. Miss James, your Junior Credit Officer, has presented the following projected data for 2019 supplied by The Mosely Corporation. She has asked for assistance in completing the statement of financial position. The Mosely Corporation has applied for a loan to start a project that you will eventually make the credit decision on. Mosely's actual sales for 2018 were $2,400,000. your The bank's lending policy requires that a borrower's financial position must show equity of at least 20% in order to attract the bank's funding. (a) Use the data to complete the statement of financial position for 2019

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First-time homeowners often use FHA loans to finance their home. Go to fha-home-loans.com and find out the current requirements to qualify for an FHA loan. They may differ slightly from that described in the book because the underwriting requirements frequently change. Summarize the types of loans that are currently available. What is the highest loan-to-value ratio that you could obtain?

Can you fill in the tables and answer the questions? I would appreciate it If you could also explain how to plug this into a financial calculator. Here's a link to a financial calculator: http://www.fncalculator.com/financialcalculator?type=tvmCalculator

Use estimation to select the best response. Do not calculate.If I pay off my credit card balance each month, the most important cost factor is Use the editor to format your answer

Using THIS spreadsheet,,, calculate the total cost of Lily taking this Payday Loan.  As you know, short-term loans are rarely short-term.  Many borrowers renew or refinance their loan because they do not have the funds to pay it off on the due date.  For this example, assume Lily renews her loan amount five times.

Watch the Mathematics of Finance video and then answer the question given below. Simple interest loans are generally used for which type of loan? Click here to watch the video. Choose the correct description of a simple interest loan. A. Home Mortgage loans B. Short term loans of less than a year C. Car loans D. Long term loans of a year or more