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Newest Loans Questions

1. Which of these statements is true?(1 point) Responses When shopping for a loan, you need to compare only APRs. When shopping for
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   2. asked by Landon Sharp
   3. 46 views
2. Darren is purchasing a car that costs $12,000. He is taking out a simple interest loan at an annual rate of 3%. If he makes
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   2. 31 views
3. Thabo pays off loan of R80000over a period of 5 years
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   2. asked by Dipolelo
   3. 104 views
4. which of the following is true of interesta. it is expressed as the APR of a loan b. it is a percentage of the total cost of the
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   2. 64 views
5. Andres Michael bought a new boat. He took out a loan for $24,240 at 4.75% interest for 3 years. He made a $4,450 partial payment
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   2. 113 views
6. Write a letter to Christ Embassy Church seeking for a loan of 100,000 naira to add to what you have to get a one room apartment
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   2. 45 views
7. What is the word for a fee based on a percentage of money borrowed? (1 point)Responses collateral credit debt Interest
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   2. 74 views
8. Your friend wants to pay off his credit card with a balance of $880.00 and an interest rate of 16.65% APR by getting a loan from
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   2. 79 views
9. naomi is expecting both a raise and a bonus within the next 6 months so she would be comfortable with higher payments but she
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   2. 65 views
10. Personal Finance Semester Exam25 of 4025 of 40 Items Question Use the comparison chart to answer the question. Naomi is
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    2. 100 views
11. When applying for a loan, what should you do?(1 point)Responses You should borrow from an institution close to your home. You
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    2. 79 views
12. Elijah has an opportunity to study abroad, but this will cost $5000 more than his regular college tuition. He wants to have a
    1. 1 answer
    2. asked by quick check
    3. 88 views
13. You take out a loan for $780 at an interest rate of 8% compounded annually for six years. What is the total amount that you will
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    2. 42 views
14. Why do customers save money if they pay off a closed ended loan faster than the amortization table requires?A. • Customers can
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    2. 135 views
15. Loans are typical for large purchases such as --going to the movies buying a house buying snacks getting groceries
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    2. 68 views
16. Why are title loans considered an example of predatory lending?​​​​​​​- because they are highly regulated -
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    2. 58 views
17. which one of these statements is true?- you can save money by making the smallest down payment the lender will allow - the more
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    2. 87 views
18. You are looking at two loans for the same amount over the same length of time. Which is true about the loan with the lower
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    2. 74 views
19. What is true about the length of a loan’s term?(1 point) Responses The longer the term, the higher the interest rate will be.
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    2. 79 views
20. Leo is going to the Bank of Montreal for a student loan. He knows that the posted rate is not the true rate as the bank's
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    2. 74 views
21. Julia needs a $7,800 loan in order to buy a car. Which loan option would allow her to pay the least amount of interest?A
    1. 1 answer
    2. asked by silent
    3. 117 views
22. In comparing Truth-in-Lending statements for a home improvement loan, the borrower focuses on the following:Amount Borrowed ($)
    1. 1 answer
    2. 110 views
23. Lauren wants to take out a $15,000 school loan and pay it back in 5 years. She shopped at two different banks. Bank A offered
    1. 1 answer
    2. asked by silent
    3. 119 views
24. Miguel and Shonda are married and applying for a loan. They have similar salaries.Before they got married, Miguel had some
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    2. 181 views
25. You are looking at two loans for the same amount over the same length of time. Which is true about the loan with the lower
    1. 1 answer
    2. 105 views
26. What is true about the length of a loan’s term?(1 point) Responses The longer the term, the higher the interest rate will be.
    1. 1 answer
    2. 71 views
27. Sarah needs a $3,500 loan in order to buy a car. Which loan option would allow her to pay the least amount of interest?A
    1. 1 answer
    2. asked by silent
    3. 130 views
28. SUZE bought a car on hire purchase the car costed R130 000 she paid deposit of 13000 and a monthly instalments R4600 per month
    1. 1 answer
    2. asked by Nelly
    3. 96 views
29. CAR FINANCING FOR LESS2-YEAR TERM UP TO $40,000 6% COMPOUNDED ANNUALLY WITH A %500 UP -FRONT PAYMENT What part of the offered
    1. 1 answer
    2. asked by julie
    3. 106 views
30. You are given two choices for paying for the roof repair: loan X and loan Y.Loan X: Terms: Credit limit Cash advance Interest
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    2. 115 views
31. Choose the best term to fill in the blank.When you take out a loan, the ______ is the length of time you have to repay it.
    1. 1 answer
    2. 101 views
32. Jessica borrowed $8500 from the credit union to purchase a used car the credit union gave her a rate of 7.5% annually for a
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    2. 101 views
33. Amount is 15,867.00Sales tax is 5.25% Down payment is 10% Credit rate is 5.65% What is the principal balance at the start of the
    1. 5 answers
    2. asked by Country girl 🤠
    3. 86 views
34. Suppose you borrow $498,500 at 3.6% annual interest compounded monthly, for 15 years. First, find the monthly payment. Then,
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    2. 99 views
35. Juan Ramírez pide un préstamo a un banco por $45000 a una TEA del 18% y durante 4 años. A cuánto asciende la cuota mensual
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    2. 101 views
36. Compare the two payment options for a $9,500 loan to determine which option has the lower cost of credit.Option 1: One-time
    1. 1 answer
    2. asked by sticking out your gyat for the rizzler
    3. 133 views
37. Using an online loan calculator, determine the total cost of repaying a $750 credit card loan with a 17.99% interest rate
    1. 3 answers
    2. 68 views
38. Ashley is taking out a loan in the amount of $12,000. Her choices for the loan are a 4-year loan at 7.00% annual simple interest
    1. 1 answer
    2. asked by k
    3. 222 views
39. A student with $33,350 student loan is offered two payment plans to repay their debt.Plan 1: Monthly payment of $361.91 over a
    1. 5 answers
    2. 142 views
40. Compare the two payment options for a $9500 loan to determine which option has the lower cost of credit.Option: one time payment
    1. 1 answer
    2. 68 views
41. If Katie has borrowed $10,000 but has only been able to pay back $4,000, the remaining $6,000 is herA. debt. B. investment. C.
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    2. 77 views
42. Two customers took out loans from a bank.• Jarrod took out a 5-year loan for $4,000 and paid 3.2% annual simple interest. •
    1. 1 answer
    2. asked by Quira
    3. 90 views
43. Rina wants to put together a network statement to share with her bank as she applies for a small loan showing your work for each
    1. 1 answer
    2. asked by ..l
    3. 91 views
44. A student with a $33,500 student loan is offered two payment plans to repay their debt.Plan 1: Monthly payment of $361.91 over a
    1. 1 answer
    2. asked by Niall Horan
    3. 97 views
45. determine the total cost, fixed monthly payment, and the total interest paid when repaying a credit card loan of $3,500 with a
    1. 1 answer
    2. 52 views
46. A student with a $33,500 student loan is offered two payment plans to repay their debt.Plan 1: Monthly payment of $361.91 over a
    1. 1 answer
    2. 78 views
47. Using an online loan calculator, determine the total cost of repaying a $750 credit card loan with a 17.99% interest rate
    1. 3 answers
    2. asked by ...............................
    3. 86 views
48. Using an online loan calculator, find the total cost of repaying a $75,000 mortgage loan with a 4.5% fixed annual interest rate
    1. 1 answer
    2. asked by sal fisher
    3. 111 views
49. Using an online loan calculator, determine the difference in the total cost of repaying a $2,500 easy access loan between the
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    2. 120 views
50. What does it mean to be in default on a loan?(1 point)ResponsesYou’re rejected as a loan applicant.You’re rejected as a loan
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    2. 89 views
51. Compare the two payment options for a $9,500 loan to determine which option has the lower cost of credit.Option 1: One-time
    1. 1 answer
    2. 214 views
52. using an online loan calculator determine the difference in the total cost of repaying a 2,500 easy
    1. 1 answer
    2. asked by cadence
    3. 122 views
53. ompare the two payment options for a $9,500 loan to determine which option has the lower cost of credit.%0D%0A%0D%0AOption 1:
    1. 1 answer
    2. asked by pp
    3. 269 views
54. Gina loaned Gerry $300 at an interest rate of 10 percent ayear. How much interest will Gina get if Gerry pays Gina after 6
    1. 1 answer
    2. 75 views
55. Leslie Filter would like to obtain an installment loan to make roof repairs that will cost $4,200. Her bank is offering an APR
    1. 1 answer
    2. 121 views
56. using an online loan calculator, determine the total cost of repaying a $750 credit card loan with a 17.99% interest rate
    1. 1 answer
    2. asked by .
    3. 325 views
57. Determine the cost of credit for a $3,300 loan with a simple interest rate of 8% and a one-time payment the amount in full at
    1. 1 answer
    2. asked by .
    3. 189 views
58. You want to buy a car. The loan amount will be $14,000. The company is offering a 3% interest rate for 60 months (5 years). What
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    2. 73 views
59. Sophia is buying her first car. She wants a Volkswagon Jetta. It costs $21,345 plus $2,500 for upgrades like floor mats and a
    1. 1 answer
    2. asked by ROSAAAAA
    3. 115 views
60. Using an online loan calculator, determine the total cost of repaying a $750 credit card loan with a 17.99% interest rate
    1. 7 answers
    2. 477 views
61. A student takes out a loan with an interest rate of 15.4% per annum, compounded annually. The amortization period is 1 year. If
    1. 1 answer
    2. 46 views
62. Ashley borrows $5,200 to purchase a car. If the loan has a 3.25% interest rate over 4 year, how much total money does Ashley owe
    1. 1 answer
    2. 127 views
63. Which of the following will save you money over the life of your loan? (1 point) Responses taking a loan with a longer term
    1. 1 answer
    2. asked by toe jam
    3. 167 views
64. At the end of the car model year, what source of financing for a new car would probably have the best
    1. 1 answer
    2. asked by toe jam
    3. 141 views
65. Jalisa went to the bank to take out a car loan. The loan officer suggested ywo options: 5.5% for 5 years or 2% for 10 years .
    1. 1 answer
    2. 92 views
66. Which of the following will save you money over the life of your loan? Taking a loan with a longer term. Taking a loan with a
    1. 1 answer
    2. 133 views
67. Bob bought a new log cabin for $70,000 at 8% interest for 30 years with no down payment. What is the balance of the loan after
    1. 1 answer
    2. 176 views
68. Which of the following will save you money over the life of your loan? (1 point) Responses taking a loan with a longer term
    1. 1 answer
    2. 158 views
69. Which two amounts are included in the repayments you make on a loan?A. Principal and interest B. Interest and down payment C.
    1. 1 answer
    2. 96 views
70. John Davis has a single payment loan for $7,500. The interest rate is 13% for 135 days, exact interest. What is the interest
    1. 1 answer
    2. 85 views
71. QuestionWhat is true about the length of a loan’s term? (1 point) Responses The longer the term, the more fees you will be
    1. 1 answer
    2. 108 views
72. Jackson investigator loans for $15,575 car what might happen if you found a car he liked for 10,000? The lenders will not let
    1. 1 answer
    2. 145 views
73. Which statement is true about an annual percentage rate? Is equal to the interest rate time to the principal. It is a simple way
    1. 1 answer
    2. 116 views
74. You will pay for your car in 72 monthly payments. Each payment is 400. How much does your car cost?
    1. 1 answer
    2. 98 views
75. Leslie Filter would like to obtain an installment loan to make roof repairs that will cost $4,200. Her bank is offering an APR
    1. 1 answer
    2. 128 views
76. Which of these statements is true?(1 point)Responses The more you owe, the higher your interest payment will be. The more you
    1. 1 answer
    2. asked by hi
    3. 170 views
77. Jackson investigated loans for a $15,575 car. What might happen if he found a car he liked for $10,000?(1 point)Responses The
    1. 1 answer
    2. asked by hi
    3. 137 views
78. Which is true of variable-rate loans? (1 point)A. The rate can go up or down, depending upon the index it is tied too. B. The
    1. 1 answer
    2. asked by Angle
    3. 141 views
79. Which statement is true about principal? (1 point)A.It is everything you pay in addition to repaying the amount you borrow. B.It
    1. 1 answer
    2. asked by Angle
    3. 201 views
80. Which of these statements is true? (1 point)• There is no reason to pay off a loan early. • The more you owe, the higher
    1. 1 answer
    2. 119 views
81. Jackson investigated loans for a $15,575 car. What might happen if he found a car he liked for $10,000?(1 point) • He would
    1. 1 answer
    2. 306 views
82. Neither loan required a down payment. Loan B has a 2% prepayment penalty. Neither requires credit insurance. If the borrower
    1. 1 answer
    2. asked by b33ft0ads
    3. 184 views
83. If you borrow $10,000 over five years, at the end of the five years, what will you have paid?(1 point) Responses more than
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    2. asked by b33ft0ads
    3. 140 views
84. Which statement best describes loans with longer repayment periods?Loans with longer repayment periods have lower monthly
    1. 7 answers
    2. 93 views
85. Reza has been saving money to buy a house for himself and his fiancé. He finally thinks that he has enough to put towards his
    1. 1 answer
    2. 273 views
86. Jackson investigated loans for a $15,575 car. What might happen if he found a car he liked for $10,000? (1 point)• The lenders
    1. 1 answer
    2. asked by Mal
    3. 285 views
87. Choose the best term to fill in the blank. A ______ is a short and expensive loan that is meant to give cash until the next
    1. 1 answer
    2. asked by Pls help
    3. 117 views
88. You are a single parent looking to take out a personal loan to pay for unexpected medical expenses and have two options: loan A
    1. 1 answer
    2. asked by Pls help
    3. 129 views
89. You are a single parent looking to take out a personal loan to pay for unexpected medical expenses and have two options: loan A
    1. 1 answer
    2. asked by Pls help
    3. 135 views
90. A power surge in the area fried your electronics. You need to replace your fridge and TV. You have a good credit score and a
    1. 1 answer
    2. asked by Pls help
    3. 196 views
91. What is an unsecured loan?• A debt whose repayment is guaranteed by a pledge of something of value or a guarantor. • A
    1. 1 answer
    2. 143 views
92. Which of these statements is true?(1 point) Responses There is no reason to pay off a loan early. There is no reason to pay off
    1. 1 answer
    2. 199 views
93. Jackson investigated loans for a $15,575 car. What might happen if he found a car he liked for $10,000?(1 point) Responses The
    1. 1 answer
    2. 145 views
94. Which of these statements is true?(1 point) ResponsesThe more you owe, the higher your interest payment will be. There is no
    1. 1 answer
    2. asked by arlyiscool
    3. 146 views
95. Jackson investigated loans for a $15,575 car. What might happen if he found a car he liked for $10,000?(1 point)Responses The
    1. 1 answer
    2. asked by arlyiscool
    3. 182 views
96. Select the correct answer.What is the basis for a decision on an unsecured loan? A. collateral B. creditworthiness C. current
    1. 7 answers
    2. asked by .
    3. 92 views
97. Ella is buying a motorcycle and is taking out a loan in the amount of $15,000. Her choices for the loan are a 36-month loan at
    1. 1 answer
    2. 144 views
98. Rita needs a $7,500 personal loan. Which loan option would allow her to pay the LEAST amount of interest?Responses A A 24-month
    1. 1 answer
    2. 176 views
99. Gina has a personal loan of K12500 charged at an interest rate of 5% compounded annually. She is required to repay the loan
    1. 1 answer
    2. asked by Paul
    3. 163 views
100. If a bar care of for to make a monthly principal and interest payment of $1000 in the lender 18 830 year at 5 1/2% or a 20 year
     1. 1 answer
     2. 78 views