Answer:
D
Explanation:
Answer:
D - When you need a loan, you'll have more loan offers to pick from
Explanation:
Since you have a good credit score, people know you handle your money well and pay your bills on time.
That way they will be able to trust you with whatever money they loan you. Because they know you will pay them back in full as soon as you can.
Hope this Helps!:)
Pam always drives under the speed limit to her risk and keep insurance costs down. Even so, she got into an accident and filed a to cover the expenses of repairing her car. One of the costs of doing so was that her insurance would likely increase in the future.
answers:
1. reduce
2. claim
3. premiums
Answer:
1. reduce
2. claim
3. premiums
just realized u already knew the answers lol....
Answer:
reduce, claim, premiums
Explanation:
got it right on edge !! :)
what is the difference between hire purchase and differed payment?
Explanation:
In deferred payment, the borrower will agreed to pay certain amount of money on the promised date. ... In hire purchase, the purchaser will be getting the belongings without paying the full price of the item. The purchasers would make down payment and the balance is paid in installments.
Explanation:
Hire purchase is a system by which one pays for a thing in regular installments while having the use of it but deferred payments are payments that are completely or partially postponed for financial reasons
Stanley receives his degree from OCC. Stanley leaves his job at Trump Organization, paying him $100,000 a year. Stanley uses his life saving of $250,000 that he had deposited at Wells Fargo at an annual rate of 5% to start his own clean-energy company. Stanley’s first year revenue and expenses are as follow, Rent $23,000 Salary 57,000 Utility 22,000 Others 13,000 _________ Total 115,000 _________ Revenue for the year $180,000 11. Stanley’s explicit costs for the year is Group of answer choices $215,000 $112,500 $180,000 $216,250 $115,000
Stanley’s explicit costs for the year is $115,000.
Using this formula
Explicit costs=Rent+ Salary+ Utility+ Others
Where:
Rent=$23,000
Salary=$57,000
Utility=$22,000
Others=$13,000
Let plug in the formula
Explicit costs= $23,000+$57,000+$22,000+$13,000
Explicit costs=$115,000
Inconclusion Stanley’s explicit costs for the year is $115,000.
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Assume that you are 25 years old today, and that you are planning on retirement at age 65. You expect your salary to be $55,000 one year from now and you also expect your salary to increase at a rate of 3% per year as long as you work. To save for your retirement, you plan on making annual contributions to a retirement account. Your first contribution will be made on your 26th birthday and will be 12% of this year's salary. Likewise, you expect to deposit 12% of your salary each year until you reach age 65. Assume that the rate of interest is 5%.
The future value (FV) (at age 65) of your retirement savings is closest to:________
a. $1,091,733.20
b. $1,246,723.80
c. $988,452.90
d. $1,225,821.20
Answer:
FV= $1,246,723.8
Explanation:
To calculate the future value of this growing annuity, we need to use the following formula:
FV= A*{[(1+i)^n - (1+g)^n] / (i-g)}
A= annual deposit= 55,000*0.12= 6,600
i= 0.05
g=0.03
n= 40 years
FV= 6,600* {[(1.05^40) - (1.03^40)] / (0.05 - 0.03)}
FV= $1,246,723.8
Based on your understanding of the impact of macroeconomic factors, identify which of the following statements are true or false?
1. Countries with strong balance sheets and declining budget deficits tend to have lower interest rates.
2. When the economy is weakening, the Fed is likely to increase short-term interest rates. During the credit crisis of 2008, investors around the world were fearful about the collapse of real estate markets, shaky stock markets, and illiquidity of several securities in the United States and several other nations.
3. The demand for US Treasury bonds increased, which led to a rise in their price and a decline in their yields.
4. When the economy is weakening, the Fed is likely to decrease short-term interest rates.
Answer:
TrueFalseTrueTrueExplanation:
When an economy has a strong balance sheet and a declining budget deficit, it means that there is less need to borrow from the market which would keep rates lower.
When the economy is weakening, the Fed will try to stimulate it by engaging in actions that weaken short term interest rates so that people and businesses can borrow at lower cost and invest or buy goods and services.
When investors are worried about the riskiness of other financial assets, they usually come to safer assets like U.S. Treasury bonds so that they do not lose money and this is what happened in the credit crisis of 2008. More demand for the bonds led to a rise in their price.