Sometimes, lenders allow or require a downpayment before they extend you the loan. What would be the advantage to the lender? What would be the advantage to the borrower?

Q: A person is receiving unemployment compensation. While the person is receiving payments, what must…

A: Claim fraud can take the form of intentionally providing false information. The person continuing to…

Q: 3. Lesly Pacas borrows 300,000 pesos for 90 days at 12% per year to remodel her hair salon. She…

A: Given: Amount: 300000 pesos Period=90 days Interest rate at present=12% Interest rate a decade ago…

Q: Why would someone choose a fixed rate loan over a variable rate loan?

A: In the field of economics, a loan is defined as the act of lending money or resources by one party…

Q: How fast Can someone get a bank loan?

A: A bank takes into account several things when considering whether or not to extend a loan to…

Q: e government now spends over $700 billion a year on Social Security benefits. Why don’t we leave it…

A: Social security benefits provide some income for disabled individuals and their families and…

Q: describe something you can do to increase your savings for retirement.

A: Retirement: It is the point of time where someone stops working.

Q: Short term savings and loans are part of what

A: Financial Market generally in an economy is characterized as – Money Market and Capital Market…

Q: On what factors does The cost of a loan depend?

A: Cost of loan are the expenses brought about by the borrower for taking the advance because of the…

Q: What are some common examples of expenses?

A: To generate revenue, the business organizes many activities. The cost of doing these activities are…

Q: On November 4, you get a boat loan.  Your first payment is due December 4.  You write out your check…

A: TVM refers to the concept that a sum of money is value more now than the same sum will be at a…

Q: What is the cheapest loan?

A: A loan is the lending of money by an individual or a group to another individual or a firm, with an…

Q: How do credit cards contribute positively to the economy?

A: Credit cards originated in the second half of the twentieth century as an easy way of making a…

Q: Write the different loan terms?

A: A loan is when one or more people, organisations, or other institutions lend money to other persons,…

Q: s and explanatio

A: The process of risk quantification by assigning numbers being comparable and measurable to the…

Q: Explain the content and purpose of a credit report?

A: A credit report is a detailed summary of a person's credit history and financial behavior. It…

Q: What does the interest rate you determine represent?

A: The interest is a specific percentage of the principal amount that is lent, borrowed, or deposited…

Q: Do the credit card interest rates vary with creditworthiness? how?

A: Yes, the credit card interest rates vary with creditworthiness.  To set the interest rate on the…

Q: Why might young adults, in particular, value credit in case of emergency?

A: Credit is a financial term that refers to the ability to borrow money or access goods and services…

Q: The first thing paid when repaying a loan is the principal. True or False?

A: Principal denotes the original amount of money borrowed by the individual for meeting his/her needs.…

Q: would forgiving student loan help or hurt the economy

A: Loan forgiveness to the student means the removal of a student's obligation to repay a portion or…

Q: Which type of inquiry damages your credit each time one is made? a soft credit inquiry a hard health…

A: Answer: Correct option: C (a hard credit inquiry) Explanation: If a person applied for new credit…

Q: 6. Tax systems and saving This question addresses the impact of saving on an economy by examining…

A: In First blank    Decreases Second blank   More Third blank      Substitute Fourth blank   Income…

Q: Does “owning” the extra credit and losing it make you value it more or less?

A: The answer to this question depends on the context in which the extra credit is being valued. In…

Q: Lenders use your credit score -- to see if you've earned your degree to criticize your financial…

A: A credit score is a report that states the person's previous and present loan details, repayment…

Q: what is the difference between Credit and Consumer credit?

A: Introduction Credit is a types of arrangement to receive cash or any service which you can use in…