Carrie qualifies for a car loan with a 5.5% interest on a five-year repayment term. She makes a down payment on the car and makes her car payments on time each month. If Carrie borrows money from a payday loan lender to cover some unexpected expenses, which statement is correct?
A) She can miss a car payment if she makes her payday loan payment on time.
B) She can use her car as collateral for the payday loan if she makes her car payments on time.
C) She will not have to repay the payday loan if she makes her car payments on time.
D) She will not face repossession if she defaults on her payday loan.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Carrie qualifies for a car loan with a 5.5% interest on a five-year repayment term. She makes a down payment on the car and makes her car ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Adrianna is a research analyst in the New York Stock Exchange. Her job requires her to forecast demand for various companies' stocks and shares for various time periods.
Answers (1)
Digicon Inc. is a firm with mindshare in the category of digital cameras. With reference to this information, which of the following statements is true regarding the firm? a.
Answers (1)
Consider the following dа ta: equilibrium price = $10, quantity of output produced = 100 units, average total cost = $13, and average variable cost = $7.
Answers (1)
g This year Jacob Verytall signs a "Fifty Million Dollar" contract with the Mission City Muckrakers, a new basketball team. Hewill be paid $10 million per year over the next 5 years beginning next year.
Answers (1)
Wessner Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 6.20 Direct labor $ 2.80 Variable manufacturing overhead $ 1.45 Fixed manufacturing overhead $ 12,000 Sales commissions $ 1.
Answers (1)
New Questions in Business
Globalization of the economy has been led primarily by transnational corporations. what do these corporations do?
Answers (1)
The Single European Act was put in place in an attempt to Multiple Choice convince Great Britain to remain in the EU. determine the viability of a common currency. expand the role of the EU into northern Africa.
Answers (1)
One reason to buy a home instead of rent a home is: AHomes have the potential to appreciate in value over time. BHomes have fewer maintenance costs. CBuying a home requires less money upfront. DBuying a home is a more flexible housing option.
Answers (1)
The following amounts are reported in the ledger of Mariah Company: Assets $ 78,000 Liabilities 41,000 Retained Earnings 9,000 What is the balance in the common stock account
Answers (1)
Which method of analysis does not classify variables as dependent or independent? A) regression analysis B) discriminant analysis C) cluster analysis D) analysis of variance
Answers (1)