1 which of the following is true of loan collateralloans, Ask an Expert

Finance

1. Which of the following is true of loan collateral?

Loans secured by collateral always have higher finance charges than unsecured loans.

Collateral is an item of value used to secure the interest portion of a loan.

Collateral is an item of value used to secure the principal portion of a loan.

Collateral is always required by banks to lend to customers with good credit ratings.

Loans are secured by collateral that is readily marketable at a price high enough to cover the interest portion of the loan.

2. The amount of a loan is $ 15,000 that expires in 12 months at a rate of 16%, Calculate its value considering each case independently

a) The present day

b) one year and 26 days

c) 8 months

d) 5 months and 18 days

e)15 months

View complete question

Financial Management, Finance

Category:- Financial Management
Reference No.:- M92641371

Have any Question?Write your Review or question?

Related Questions in Financial Management

Watch the video moral imaginationand answer the following

Watch the video: "Moral Imagination" And Answer the following questions: 1. Can you think of a time when you or someone whom you know used moral imagination? If so, what motivated you (or this individual) to use moral im ...

Exercise benefits us in so many ways including improving

Exercise benefits us in so many ways, including: improving our physical and mental health; reducing our risk of cardiovascular disease; increasing our energy, stamina, strength, and agility; promoting better sleep; impro ...

Please post the answer directly i will buyben wants to

Please post the answer Directly. I will buy. Ben wants to design a risky portfolio from two funds, Momentum Fund and Value Fund. Momentum Fund has an expected return of 35% and a standard deviation of return of 40%. Valu ...

Question - your chief financial officer cfo was unable to

Question - Your chief financial officer (CFO) was unable to attend the recent monthly chamber of commerce meeting. You learned from some other local CFOs that changing exchange rates had dramatically affected their firms ...

In a long essay of 1500 words you must reflect on the

In a long essay of 1,500 words, you must reflect on the Palliser Furniture cases. Please answer the following three questions: Palliser Furniture Ltd. Palliser Furniture Ltd.: The China Question Questions : What were Pal ...

Topics to choose frombullfailure of the Topics to choose from • Failure of the

Topics to choose from • Failure of the Originate-to-Distribute Model and the Financial Crisis of 2007-8 • Monoline Insurers and the Subprime Financial Crisis and Problems with Rating Agencies • The Liquidity Crisis and t ...

Case analysis questions1 explain in 175 words what makes a

Case Analysis Questions 1. Explain in 175 words what makes a company a “multinational corporation”. 2. Complete the chart in a total of 350 words using 3 to 5 examples of multinational corporations. 3. Reading through th ...

Discuss the following select a company that has been in the

Discuss the following : Select a company that has been in the news for ethical violations (for example, Enron). Assess the following in 525 to 700 words: Identify the alleged ethical violations. Determine why the violati ...

1 from everything youve learned in the past weeks did your

1. From everything you've learned in the past weeks, did your decision-making skills improve based on the problem-solving model? Please provide an explanation. 2. Did the analysis tools provided throughout the course hel ...

Scenario your team has been hired to provide financial

Scenario: Your team has been hired to provide financial analysis for a start-up company, Bobble in Style, which produces customized bobble heads. The bobble heads are made out of less rigid materials and are more true to ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Financial Management Expert