rheaallison1 rheaallison1

12-05-2024
Business

Answered

What affects how much a borrower must pay on a loan each month? Choose three correct answers.
the amount of collateral the lender has
the amount of money borrowed
the length of time given to repay
the value of the lender's assets
the interest rate of the loan
the number of loans the lender has made

Answer :

GinnyAnswer GinnyAnswer

12-05-2024

Final answer:

The monthly payment on a loan is influenced by the amount borrowed, interest rate, and repayment term.

Explanation:

The amount of money borrowed: The principal amount borrowed impacts the monthly payment.

The interest rate of the loan: The interest rate determines the cost of borrowing and influences the monthly payment.

The length of time given to repay: The loan term affects how the borrowed amount is spread out over monthly payments.

Learn more about Loan Repayment Factors here:

https://brainly.com/question/28244942

Answer Link

Other Questions

For two numbers [tex]$x$[/tex] and [tex]$y$[/tex], if [tex]$x y=1048$[/tex] and [tex]$\operatorname{HCF}(x, y)=8$[/tex], then find [tex][tex]$\operatorname{LCM}

Find the order and degree of the following differential equations:1. [tex]\(\frac{d^4 y}{d x^4} + \sin \left(y^{\prime \prime \prime}\right) = 0\)[/tex]2. [tex]

(iii) If [tex]\theta=30^{\circ}[/tex], find the ratio [tex]2 \sin \theta: \sin 2 \theta[/tex].If [tex]A=60^{\circ}[/tex] and [tex]B=30^{\circ}[/tex], verify tha

Essay about my family my life

a) How many jars, each with a capacity of [tex]2 \frac{1}{2}[/tex] liters, are needed to empty a vessel containing 50 liters of milk?

The table shows the number of goals made by two hockey players.\begin{tabular}{|c|c|}\hline Player A & Player B \\\hline [tex]$2, 1, 3, 8, 2, 1, 4, 3, 1$[/t

Write a report on "Make every day a Mandela Day."2.1 Identify an organization, institution, or project that does community or volunteer work to provide support

Solve the following questions. (Any one)1) Classify the organisms into their respective kingdoms as per Whitaker's five-kingdom classification.\begin{tabular}{|

A wooden clappper is used for

What was a reason that African slaves were needed in colonial Virginia?A. Slaves were free labor for the tobacco crops.B. Slaves had invented new tools for farm