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marshall27 [118]
2 years ago
14

Why do you think that auto loans have the lowest rejection rates among these credit types?

Business
1 answer:
Valentin [98]2 years ago
6 0

Answer:

An auto loan is a loan that person takes out in order to purchase a motor vehicle. Auto loans are typically structured as installment loans and are secured by the value of vehicle being purchased.A car loan is pretty much what you think it is: It is a personal loan, the proceeds of which are used to purchase an automobile. In return, the borrower agrees to pay back the lender the amount of the loan plus interest, usually in monthly payments, until the amount owed is fully paid off.

Buying a car can help you build a positive credit history if you pay the debt on time and as agreed. Failing to pay on time will hurt your credit. When you apply for a car loan, your application will probably be sent to multiple lenders. A new inquiry will be added each time a lender reviews your credit report

Explanation:

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Summarize how compound interest helps you to accumulate savings even faster.
yulyashka [42]

Answer:

The magic of compound interest happens in a way  that the more you put in, the faster your money grows.

Explanation:

The magic of compound interest happens in a way  that the more you put in, the faster your money grows. The interest you earn on the amount you save also earns interest and this snowballing effect makes you accumulate your savings even faster. For example, if you deposit $100 in a savings account that pays 5% interest per year. At the end of the year, you account will have (5%*100= 5) plus the $100 you deposited, coming to a total of $105. At the end of the second year, your $5 interest earned in year 1 will earn another 5% interest and so will the $100 you initially deposited.

4 0
2 years ago
Bess wrote four checks last month, and these were the only transactions for her checking account. According to her check registe
Wittaler [7]

Answer: $184.34 

Bess issued four  checks with amounts $175.17, $175.53, $175.35,and $184.34. With the total amount she issued, she expected her balance based on her cash register to be $869.96, but as per bank statement, her balance is $1054.13.

To get the amount of check which is not cleared yet, we have to deduct the balance in the cash check register from that of the bank statement:

$1054.13-$869.96 =184.17

$184.34 is the best answer because it is the last he wrote and the discrepancy of 0.17 may be due to some bank charges Bess had not recorded.

3 0
2 years ago
Read 2 more answers
In which countries do people prefer discussing business during meals?​
Masteriza [31]

Answer:

china

Explanation:

if your traveling to china on business do not discuss business during meals .

6 0
2 years ago
Read 2 more answers
If an individual orders an alcoholic beverage in a private club, what is the first question the server should ask?
Free_Kalibri [48]

Answer

He should ask him/her whether is a member and ask for a membership card.

Explanation

Membership cards are small cards that are used by or within a certain organisation for the purpose of verifying whether a person is a valid member of that organisation or club or whichever type of a group it is . For one to have a membership card you have to pay a certain amount of money as a membership fee to that organisation. The fee might be annually regarding to the terms of that organisation.

3 0
2 years ago
Read 2 more answers
Which of the following is a SMART goal for Noah's food drive project?
MAVERICK [17]

It's C. I just took it and it definitely is C

8 0
2 years ago
Read 2 more answers
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