Here are the appropriate responses to each of your questions:
Question 1: What happens to interest rates when there is a high demand for car loans?
- Interest rates may increase due to higher demand.
Question 2: Why do many financial advisors recommend accounts that offer compound interest?
- Because compound interest can lead to higher total earnings over time.
Question 3: If Jaden earns around $30,000 a year and Ava earns $70,000 or more annually, what can be inferred about their education or skills?
- Ava likely has higher education or more skills than Jaden.
Question 4: What might happen if you miss a credit card payment?
- You may incur late fees and higher interest rates.
Question 5: What is one advantage of using a credit card?
- It provides purchase protection.
Question 6: Which of the following best describes the relationship between timely car payments and credit scores?
- Timely payments can help build a good credit score.
Let me know if you need further assistance!