Ask Question
BusinessBusiness
10 October, 01:04

Elly &Frank Valdez are thinking about buying a new house and financing it

through their bank. If they get approved, what type of loan will it most likely

be?

A. Installment credit

B. Single payment loan

C. Revolving credit

D. Multipayment loan

+1
Answers (2)
  1. 10 October, 01:18
    0
    Answer: A.) Installment Credit

    Explanation: Subject to approval, the loan afforded to Elly and Frank Valdez by their bank will most likely be an installment credit. The installment credit is a type of loan which requires the loanee to repay a fixed amount which has been borrowed at a regular scheduled amount over an agreed period of time. The loan period may vary depending on the agreement and amount of initial loan, and the repayment schedule also needs to be stated as maybe monthly, bimonthly, quartely and so on.
  2. 10 October, 01:23
    0
    Installment Credit

    Explanation:

    AP3X
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Elly &Frank Valdez are thinking about buying a new house and financing it through their bank. If they get approved, what type of loan will ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Yoshino, Inc., a merchandising company, has the following budgeted figures: Jan Feb Mar April Sales $51,900 $69,000 $80,000 $91,000 Cost of goods sold 50% of sales Required ending inventory $15,000 + 20% of next month's sales Inventory on hand on
Answers (1)
Due to marketing's success in business, what do management gurus think about marketing's role in a company?
Answers (1)
An attractive industry is one that is characterized by high entry barriers, suppliers and buyers with strong bargaining power, low threats from substitute products, and low rivalry among firms. True/false
Answers (1)
The part of a life insurance policy guaranteed to be true is called
Answers (1)
Reasons to study operations management include: a. studying how people organize themselves for productive enterprise. b. knowing how goods and services are consumed. understanding what human resource managers do. c.
Answers (1)
New Questions in Business
For a portfolio of 40 randomly selected stocks, which of the following is most likely to be true? a. The beta of the portfolio is less than the weighted average of the betas of the individual stocks. b.
Answers (1)
What publication can give you an idea of how administrative jobs are going to change in the future? A: Office Pro B: Occupational Outlook Handbook C: From 9 to 5 D: The Executary
Answers (1)
At a four-way stop, if two cars arrive at the intersection at the same time: A) the larger car has the right of way B) the vehicle on the right yields to the vehicle on the left C) the smaller car has the right of way D) the vehicle on the left
Answers (1)
Suppose we are interested in bidding on a piece of land and we know one other bidder is interested. The seller announced that the highest bid in excess of $10,000 will be accepted.
Answers (1)
Zappos, the online shoe and clothing marketer, promises free shipping and free returns on any of its products, no questions asked. This is an example of how Zappos has a strong competitive advantage through
Answers (1)
Home » Business » Elly &Frank Valdez are thinking about buying a new house and financing it through their bank. If they get approved, what type of loan will it most likely be? A. Installment credit B. Single payment loan C. Revolving credit D. Multipayment loan
Sign Up Forgot Password?