Q: How does the credit card company calculate the interest payment?
A: The credit card has been an important tool to increase the purchasing power. This facility has…
Q: 1)Will applying for a credit card hurt your credit score? b.What does a CD offered by a bank stand…
A: Hello, Thank you for the question. Since there are multiple sub-parts posted here, only the first…
Q: Define interest and explain how interest rates vary based on risk, maturity, loan size, and…
A: The interest rate is the return that an individual receives from the financial asset in the economy.…
Q: Give an example of a loan repayment plan?
A: A loan repayment plan shows the way in which loan will be repaid. It explains in detail the number…
Q: Other than lenders, who else might use your credit score and why?
A: Credit decisions are made by lenders. Credit reporting agencies sell credit reports on their…
Q: A is an example of revolving credit.
A: Credit refers to a ‘contractual agreement’ in which a borrower gets something of value now &…
Q: PAYMENT HISTORY,CAPACITY,LENGTH OF CREDIT,NEW CREDIT and MIX OF CREDIT how do the above factors…
A: Payment History, Capacity, Length Of Credit, New Credit and Mix of Credit are some of the most…
Q: Transactions on a debit card can't affect your credit history. O True O False
A: Answer :- True Transactions on a debit card can't affect your credit history. The…
Q: Advantage and Disadvantage of Building and Loan Associations from Private Nonbank Thrift…
A: The loans are amount of money which are borrowed by the various individuals or the firms. The loans…
Q: Which pair of phrases correctly matches the specific type of loan with the broader category it best…
A: Answer: Student loans are generally given for a long period of time. It is because students take a…
Q: Explain why someone might want to put a “red flag” on their own credit report.
A: A red flag refers to a warning that is put on the credit report if something suspicious, fraudulent,…
Q: What is fractional ownership?
A: Ownership:The term ownership refers to the legal right or exclusive right over the commodity. For…
Q: What is the a short-term debt financing?
A: Debt can be understood as money or goods and services which company has borrowed and liable to repay…
Q: Why do the creditors generally charge higher interest rates on new borrowing?
A: The interest rate is the amount that the creditor charges with the principal from the borrower to…
Q: What happened to credit standards(down payment, mortgage loan relative to value, and…
A: From the year 1995 to 2005, there were many changes in the real estate market. This led to a change…
Q: Summarizes some of the interest formulas?
A: Simple interest = (P*R*T)/100 where, P : Principal amount R : Rate of interest per annum…
Q: why is it critical for consumers to truly understand the effect of interest on their credit cards?
A: A credit card is a payment card that enables the owner to borrow funds to pay for purchases. Since…
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: 5 ways to manage credit risk
A: Credit can also refer to an individual's or a company's creditworthiness or credit history. It…
Q: Actual rate of interest on the principal for one year. A Nominal Interest B Compound Interest
A: The rate of interest on principal is returns for postponing consumption or spending. High rate of…
Q: what does it mean when banks are paying people to get loans?
A: The financial system of the nation is considered to be one of the most prominent, and important…
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: What is the future amount is due at the end of the loan period
A: Here T = 13 months R = 20% P = 2000
Q: How Do You Manage Your Credit Card Debt?
A: Credit cards have become a everyday part of our lives and is convenient to use. It is often, that we…
Q: What type of professional is trained to help you save for retiremer O financial planner O auditor O…
A: A professional helps people to manage and plan the finances prudently. Such planning helps the…
Q: Hey can someone help me with this? Explain the main differences between amortization, annuity and…
A: The term loan refers to a form of credit vehicle within which a complete of money is lent to a…
Q: How Dalio’s concept about borrowing from one’s future self might change a decision one might make…
A: Debt is when one party borrows something from another, most commonly money. Many businesses and…
Q: s and explanatio
A: The process of risk quantification by assigning numbers being comparable and measurable to the…
Q: What is the Deferred Savings Plan?
A: A deferred savings plan is a plan which allows the taxpayer to pay money in the plan and then…
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: What is the maturity date of a loan taken out on September 9, 1998 for 125 days?
A: The loan is taken out on September 9, 1998, for 125 days So maturity date of this loan will be 125…
Q: As a student, are you saving or borrowing? Why?
A: Disparities in income and expenditure encourage people to save or borrow. An individual who makes a…
Q: Describe what consumers should know about credit monitoring services.
A: A credit monitoring service keeps track on borrower behavior in order to alert customers to…
Q: What happens if you don't manage debt properly? You sleep very well at night. You have a perfect…
A: Debt is something, usually money, borrowed by one party from another.
Q: Credit insurance ; pls draw and explain how does that work ?
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: What are the different Credit System practices of Asia, Europe and United States?
A: A credit system is a means of describing an educational program by methodically awarding credits to…
Q: What is the difference between a secured loan and anunsecured loan?
A: A loan is when money is being given to another party in exchange for repayment of the principal…
Q: Paying in cash or taking a Loan, which option is more economically sound?
A: People quite often assume that paying cash for their purchases is the best way to go. But this is…
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 does credit tell you about the consumer culture in the 1920s
A: Credit culture was not that developed during 1920's. It was basically used as a simple transaction…
Q: How does amortization help in making loans affordable?
A: Concept Amortization is the technique of repaying a loan in monthly interest and principal…
Q: What are the three different ways to compute interest charges?
A: There are three different interest calculation methods. They are Fixed Flat Declining Balance…
Q: A _________ is a share of a corporation that may be bought and sold.
A: A share of stock is a unit of owner ship in a corporation. Stock may be purchased by individuals,…
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…
Do the credit card interest rates vary with creditworthiness? how?
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- What appears in the Tradelines section of your credit report? each credit account you've ever opened court judgments O applicant information recent inquiriesDo you think it’s a good idea for high school students to have a credit card? What about college students? Adults? Explain why you feel this way.