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2 years ago

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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Matt Enterprises issued $200,000 of ten percent, five-year bonds with interest payable semiannually. Determine the issue price i

Grace [21]

Answer: The answers are:

A) $200,000.

B) $258,881.

C) $177,399.

Explanation: The values to put in the financial calculator are:

Future value = $ 200.000.

Payment = $ 200,000 x 0,10 = $ 20,000.

n = 5 x 2 = 10. (Number of semesters in 5 years).

YTM = (a) ten percent, (b) six percent, and (c) 12 percent.

A) Price or Present value = $200,000.

B) Price or PV = $258,881.

C) Price or PV = $177,399.

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2 years ago

A researcher in Alaska measured the age (in months) and the weight (in pounds) of a random sample of adolescent moose. When the

FinnZ [79.3K]

Answer:

c. 0.59

Explanation:

Correlation co-efficient refers to a statistical measure that computes the strength of a relationship between two variables. It does not have a unit like meter per second or months per pound. A correlation co-efficient of 1 means that there is a strong and positive relationship or direct relationship, while a negative correlation means an inverse relationship.

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2 years ago

An artist who uses a spontaneous, less fussy approach to painting can be said to be using the ____________ technique

Scilla [17]

The technique that the artist is using could be described as the alla prima technique in which it is often used in paintings such as the oil paintings. It is a painting technique that uses wet paint to be able to give out its spontaneous and fuzzy look. The wet paints that are being applied to the portrait has many layers to show its structure or the beauty of the technique.

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2 years ago

Ben Anderson, the head of product development and product management at Recycline, says that at Recycline, "if you're interested

lisov135 [29]

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2 years ago

Recently when Mosaic Ltd was falling short of funds to meet the floatation costs of its upcoming issue of preference shares, the

slavikrds [6]

Answer:

The floatation cost may be defined as the cost that is incurred or earned by any organization or a firm whenever they issue new stocks in the market. Here in the context, Mosaic Ltd is having shortage of money to incur the cost of the upcoming preference shares that they will issue. So they had raised deposits from another firm, Rosaic Ltd which had a surplus amount of fund. The money raised by Mosaic is a kind of security bond or transfer of money to another party for the safe keeping. The other firm i.e Mosaic Ltd. will return the money to Rosaic Ltd. later.

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2 years ago