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Customer borrowers $2,200 loan at
Customer borrowers $2,200 loan at 7% interest for 100 days. Use the Banker's rule. Compare to the amount using a 365- day year
1 answer
asked by
PATRIS
516 views
I need to find the mortgage loan amount and can't remember how to do it.
The borrowers have a combined gross monthly income of
0 answers
asked by
tmouery
521 views
Bnak offers a loan of 10% per annum compounded semi annually and the effective annual rate is 10.25%
Example: Customer A Customer
1 answer
asked by
Anjali
511 views
Question 7 (1 point)
A customer will borrow $12,000 to buy a car. Which loan option would allow the customer to pay the least
1 answer
81 views
If borrowers and lenders agree on a nominal interest rate and inflation turns out to be less than they had expected,
a. borrowers
1 answer
asked by
unknown 2.0
52 views
Suppose a person pays $80 of annual interest on a loan that has a 5 percent annual interest rate. The loan
amount is: A. $400. B.
3 answers
asked by
matt
2,255 views
1. The concept of moral hazard
A. Refers to the high rejection rates faced by loan applicants. B. Refers to the tendency of
1 answer
72 views
A bank loans a customer $35,000 for a period of 8 yrs. The simple interest rate of the loan is 10.7%.What is the total amount
14 answers
asked by
Alyssa
692 views
The annual interest rate for a customer’s loan of $425 is 15.75%. What is the total dollar amount to be repaid on the loan,
2 answers
asked by
Anonymous
1,008 views
The annual interest rate for a customer’s loan of $425 is 15.75%. What is the total dollar amount to be repaid on the loan,
3 answers
asked by
Anonymous
653 views