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Loans

Jamison Bechtelar

Lvl 10
2021-10-15 18:35:52
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Cards in this guide (26)
What is forfeiture

The property or money was given as the penalty for earning them in an illegal way. To solve this problem you can hire a private attorney like Ohanian Lega'sl quality & assure service.

Which of these is the best description of delinquency

It is the condition whereby the scheduled repayment of a loan has not been received by a specified due date.

Which term is defined as property that is pledged as security on a loan

Collateral

This is Paula's monthly budget What percent of her expenses is spent on insurance

20Given Paula's monthly budget, the percentage of expenses spent on insurance can be determined by subtracting all the other expenses from the monthly budget, which leaves you with the anoint spent on insurance.

Which term is defined as the money you owe to a person business or institution that extended a loan to you

debt

Which term refers to the person business or institution that extended a loan to you

Creditor

Sam is a chef He has a savings account of 500 and a car worth 7569 He owes 450.23 on his new stereo Calculate Sam's net worth

7618.77

Brian works at Metro College as a computer analyst His car is worth 10359.19 His checking and savings accounts are worth 673.59 Brian owes his sister a total of 145.69 His balance on his credi

8,763.34

Calculate the simple interest on a loan with a principal of 6.000 an interest rate of 7.39 percent and a term of four years

1,773.60

Latoria is planning to borrow 12500.00 with a simple interest rate of 5.2 percent for 4 years How much will she pay back to the bank

125 x 5.2 x 4 = 2600 + 12500 ie 15100 in total

Brian works at metro college as a computer analyst his car is worth 10359.19 his checking and saving account are worth 673.59 brian owes his sister 145.69 his balance is 2123.75 what is brian net wort

8,763.34

If Patty is taking out a simple interest loan to buy her new 10689 car How much would she pay in interest it the rate is 4.5 percent and she pays the loan off in 4 years

She will pay \$1,924.02 in interest.

How does spillage occur

classified information is entered unto unclassified information

What its the best description of foreclosure

it ends all legal rights of a homeowner if mortgage payments are not made.

Why should you be cautious of payday loans

Payday loans charge very high interest rates, and often have other stipulations attached.

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Yes the interest rates on Payday Loans are astronomical and if yo find you can not meet the payment you get into serious problems.

Frequently it is people who are in debt already that take these loans out and this product IS NOT FOR ANYBODY that is likely to have difficulty in paying the loan back on time.

IF you have money problems, go and seek free advice on what to do DO NOT be tempted by Payday Loans.

Which of these is a signed promise to pay back a loan

promissory note

Which of these does not describe a total consumption budget

it is designed to reach short-term goals

Which type of interest rate remains the same throughout the length of the loan

fixed

Which equation represents how the interest on a loan is calculated

Interest=Principle times rate times time

Which term refers to the percentage rate the lending institution charges for the use of its money

interest rate

Would not result from defaulting on a loan

Imprisonment

What describes a bankruptcy

a legal declaration that you are unable to repay your debts

What equations shows how installment loans are calculated

amount financed = cash price - down payment

If nancy pays her bank 465.23 a month for 48 months how much will she have paid on her installment loan-

If Nancy pays her bank 465.23 a month for 48 months, the amount paid on every installment would be 116.3075/n where n is the amount.

Statement about installment loans is not true

Installment loans are loans on which the interest is paid first and the borrower receives the proceeds.

Which of these is an example of a variable expense

Utilities

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