Can somebody help with these questions please?

Answers:14   |   LastUpdateAt:2022-05-19 00:29:11  

Question
sharday
Asked at 2012-09-25 12:56:02
What element can not be used as collateral for a loan? MedlinePlus MedlinePlus A. MedlinePlus home B. large and high value MedlinePlus record collection C. MedlinePlus bank account D. MedlinePlus car MedlinePlus Most secured loans are not _____ . MedlinePlus MedlinePlus A. MedlinePlus term B. MedlinePlus high interest C. MedlinePlus backed guarantees D. programmed with a set payments MedlinePlus MedlinePlus You (or your parents ) purchase a new car for $ 19,725.00 plus 4.75 % tax. The initial payment is $ 2,175.00 and you ( or your parents) have an average credit rating . How much interest is earned after the first month ? $ _____ MedlinePlus MedlinePlus 9. You (or your parents ) purchase a used car for $ 15,867.00 plus 5.25% sales tax . The down payment is 10% of the total cost and you ( or your parents) have an excellent credit rating . What is your principal balance at the beginning of the loan ? $ _____ MedlinePlus MedlinePlus You (or your parents ) are debating whether to buy a new car for $ 19,072.00 or used car for $ 15,635.00 . Sales tax is 4.5% . You (or your parents ) will make an initial payment of $ 1,200.00 and your credit rating is fair . What is the difference in interest accrued by the end of the first month? $ _____
Answer1 lowkey Answered at 2015-02-17 19:24:13

did you get these answers?

Answer3kolk  Answered at 2021-11-18 19:02:21

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Answer4 Answered at 2022-05-19 00:29:11

Simply said, collateral is an item, such as a vehicle or a home, that a borrower pledges to qualify for a loan. Because collateral protects the lender's financial investment if the borrower fails to repay the loan in full, a lender may feel more comfortable extending the loan. Simply put, collateral is an asset that a lender can confiscate from a borrower if the latter fails to repay a loan according to the terms agreed upon. When you take out a mortgage, this is a good illustration. Typically, the bank would want your home as collateral. Click here to download fun free music games  like trials of fire heroes  on your computer for free.

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