What is the essence of using mathematical tables in computing for loan amortization?
1. What is the essence of using mathematical tables in computing for loan amortization?
Answer:
An amortization table lists all of the scheduled payments on a loan as determined by a loan amortization calculator. The table calculates how much of each monthly payment goes to the principal and interest based on the total loan amount, interest rate and loan term.
Step-by-step explanation:
...
Answer:
Because
Step-by-step explanation:
An amortization table lists all of the scheduled payments on a loan as determined by a loan amortization calculator. The table calculates how much of each monthly payment goes to the principal and interest based on the total loan amount, interest rate and loan term
2. what is the importance of using the present value table in computing for loan amortization
Answer:
Amortization tables can help a lender keep track of what they owe and when payment is due, as well as forecast the outstanding balance or interest at any point in the cycle.Explanation:
the important of using of present value in computing for loan amortization is it helps businesses and investors understand and forecast their costs over time. In the context of loan repayment, amortization schedules provide clarity into what portion of a loan payment consists of interest versus principal.
3. the highest elevation of land on earth is mtmas in 295 of the dead sea is the lowest point on elevation on earth with an elevation of -1 391 feet below see level what is the difference between the highest point of elevation on earth and the lowest Division or multiple
Answer:
Division
sksmskm
4. 13.these loans are given to stable business by banks . if it is payable in 10 years.a.short-term loan b.long-term loan c.intermediate loan
Answer:
13.) b. Long-term loan
5. A saving and loan association makes one car loan of $5000 at 10.5% interest . a second car loan of $6300 at 10.8% interest .and third car loan of $4500 at 100% interest. what is the average percentage return to the saving and loan association for three loans?
Answer:
it's okay to may engineering
6. 8. Which of the following statements about the interest rate of consumer andbusiness loans are correct?a. The business loan has higher interest than a consumer loan.b. Consumer loan has a higher interest rate than a business loan.c. Consumer loan and business loan are always equal in interest rates.d. The business loan has no interest rate, unlike consumer loan.
Answer:
b.
Step-by-step explanation:
sana po makatulong po
7. identify wether the following is a business loan or consumer loan. write BL for business loan and CL for consumer loan.
CL
Step-by-step explanation:
kase dor her house only and hindi nya naman binebenta
8. It is a business loan or consumer loan that is secured with collateral
Answer:
A secured business loan requires a specific piece of collateral, such as a business vehicle or commercial property, which the lender can claim if you fail to repay your loan
9. Cite a differences between a business loan and a consumer loan in terms of the following: a. market type, b. purpose of loan, c. term of loan, and d. collaterals and bases for granting the loan.
Answer collaterals and bases for granting the loan
10. kind of loan which is collateral loan
Answer:
Collateral is an asset or property that an individual or entity offers to a lender as security for a loan. ... These include checking accounts, savings accounts, mortgages, debit cards, credit cards, and personal loans., he may use his car or the title of a piece of property as collateral.11. Similarities between consumer loans and business loans
Answer:
Typical,both consumer loans and business loans nessitate collateral,also called assets,for the purpose of securing or protecting the loan.The collateral for both loans may include investments or real estate.
12. The difference between a secured loan and an unsecured loan is
The most important difference between a secured and unsecured loan is the collateral required to attain the loan. A secured loan requires you to provide the lender with an asset that will be used as a collateral for the loan. ... Secured loans usually have a lower rate of interest when compared to an unsecured loan.
13. 1. Activity 1: Loans in Icons. Identify what loans the graphics/icons illustrate Write CL if it is a type of consumer loan and BL if it is a type of a business loan. Number 1 is given as an example. name po ng loans need ko hindi type of loans
Answer:
1.personal/trainor-CL
2.education-CL
3.entrepreneurship/business-BL
4.housing/home-CL
5.Equipment-BL
6.Infrastructure-BL
7.car-CL
Step-by-step explanation:
pa brainliest mo salamat lahat po tama
14. Similarities between "auto loans" and "home loans" :)
the similarities are loans
15. identify wether the following is a business loan or consumer loan. write BL for business loan and CL for consumer loan.
Answer:
1 BL
2 CL
Step-by-step explanation:
number 1 is to loan for his business at his barber shop
number 2 is to loan only for a college education
16. get copies of the loan table of any two banks if you are to avail a loan which bank will you choose considering the interest and the terms offered?Why did you choose that certain bank? Explain your answer
Answer:
huhuhhuuuu paturo lods hahaa
17. difference and similarities of auto loans and home loans
Answer:
auto home are a big deal.But qualifying for and closing a montage loan takes more effort and paperwork as well as better credit.The reason for this is simple:Car loans are big loans.
18. Venn diagram (business loan , Consumer loan)
Answer:
business loan is a loan specifically intended for business purposes. As with all loans, it involves the creation of a debt, which will be repaid with added interest. The terms of a business loan are usually shorter and include a higher interest rate than those of a consumer loan. ... Some business loans will also have a call feature where the bank is allowed to call the loan due at a specific time
A consumer loan is a loan given to consumers to finance specific types of expenditures. In other words, a consumer loan is any type of loan made to a consumer by a creditor. ... The loan can be secured (backed by the assets of the borrower) or unsecured (not backed by the assets of the borrower).
similarity- Both business loans and consumer loans usually require collateral, otherwise known as assets, to secure the loan. For both types of loans, collateral may include real estate or investments. In addition, a business loan may be collateralized by equipment, furniture and fixtures, or inventory.
19. 3. Classify the following consumer loans as either secured or unsecured Explain why A AUTO LOAN B HOUSING LOAN C SALARY LOAN OR PERSONAL LOAND, CREDIT CARD
Answer:
thanks sa point Salazar
Answer:
answer it A sure
Step-by-step explanation:
it hope correct answer sure
20. Identify whether the following illustrates a business loan or a consumer loan. Write BL if the situation shows business loan and CL if it states a consumer loan.
Answer:
1.BL2.BL3.CL4.CL5.CLStep-by-step explanation:
i hope it's help21. On June 1, 2015, Gervin secured a loan of ₱1 000 000 to be paid in 10 equal installments. The interest on the loan is 8% compounded semi-annually, and payments are due every six months, with the first payment due six months after the loan was secured.a.Determine the amount Gervin must pay at the end of each period.b.Construct the table illustrating the amortization of the loan.
Answer:
100055
Step-by-step explanation:
5''/=2=/5,,89,5,2,5/5/2'1''
22. Define the following terminologies..1. Business Loan2. Consumer Loan3. Collateral4. Term of the Loan
Answer:
A business loan is a loan specifically intended for business purposes. As with all loans, it involves the creation of a debt, which will be repaid with added interest.
A consumer loan is a loan given to consumers to finance specific types of expenditures. In other words, a consumer loan is any type of loan made to a consumer by a creditor.
Step-by-step explanation:
The term collateral refers to an asset that a lender accepts as security for a loan. Collateral may take the form of real estate or other kinds of assets, depending on the purpose of the loan.
A term loan is a loan from a bank for a specific amount that has a specified repayment schedule and either a fixed or floating interest rate.
23. mrs alonzo decided to take care family for a vacation to cover the expenses she decided to apply for a loan. is it business loan or consumer loananswer: consumer loan
yes consumer lone
Step-by-step explanation:
cause they will have a vacation
24. business loan or consumer loan
Answer:
bl
cl
cl
bl
cl
Step-by-step explanation:
Answer:
1.BL
2.BL
3.CL
4.BL
5.CL
Step-by-step explanation:
25. Nena loans 150, 000 at interest rate of 5% compounded monthly with monthly and payable in 2 years. Show your amortization table.
Answer:
that's what I was thinking too much about it and I don't care about the door and dad are going to bathroom and then I can get out of the house is in a meeting so I care about the door is
26. identify wether the following is a business loan or consumer loan. write BL for business loan and CL for consumer loan.
Answer:
bl
bl
cl
bl
cl
bl
bl
cl
bl
bl
27. Suppose your parents are planning to buy a machine or equipment (to be used in your farm). Your parents ask you to inquire about securing a loan in a bank, a savings and loan association, or a cooperative through online or a call. What interest charge do they have? Are there other finance charges involve? How long is the borrower allowed to pay the loan? what different types of loan do they grant and to whom? Compute the down payment required, monthly amortization table using manual computation
Answer:
para sa binta po Kaso kailangan nila nang pera
28. A type of loan that you can borrow over and over. * O Secured loans O Unsecured loans Open-ended loans O Closed-ended loans
Answer:
open ended ata id k tho
Step-by-step explanation:
tiwala lang sa institution
29. What is the compound interest if you loan an amount of P5 600 with a compound rate is 3% for 4 months? (table method)
Nakatira ka isang komunidad na dikit-dikit ang
mga bahay at may malaking populasyon ng mga bata at matatanda. Mahigit na
sa dalawampu na ang tinamaan ng Covid 19 sa inyong lugar. Bilang mag-aaral
na may kaalaman sa instrukturang panlipunan at mulat sa mga isyu at
suliraning panlipunan punan mo ang ladder web ng mga hakbang na dapat
mong gawin at ng iyong pamilya upang maiwasan ang virus. Ikonsidera mo ang
kultura na iyong nakagisnan.
30. Which of the following statement about terms of payment for consumer and business loans is correct? a The business loan has a longer term of payment than a consumer loan. b. Consumer loan has a longer term of payment than a business loan. c Consumer and business loans are always equal in terms of payment d. Consumer loan has no specific term of payment, unlike a business loan.
I think the correct answer is letter D
