Tom has just signed for a loan that contains an acceleration clause. How does this clause affect the terms of the loan?
A. If Tom misses a loan payment, the bank can increase his interest rate.
B. If Tom wants to, he can pay a small fee to change the amount he pays each month on the loan.
C. If Tom cannot pay the loan, the bank can demand that he pay the remaining balance of the loan in full.
D. If Tom wants to, he can pay more than his monthly payment each month in order to pay off the loan faster.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Tom has just signed for a loan that contains an acceleration clause. How does this clause affect the terms of the loan? A. If Tom misses a ...” in 📗 Mathematics 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
A rabbit is nibbling grass 18 letter away from the fox. The fox chases the rabbit. The fox runs at 5 1/2 meters a second. The rabbit can run at 3 1/2 meters a second. How long will it take the fox to catch the rabbit?
Answers (1)
You have 7 dogs and you multiply 4 more dogs whats your answer.
Answers (1)
You measure the shadow cast by a certain tall building and find that it is 105 feet long. Then you measure the shadow by a three foot post and find that is 4 inches long. Determine the buildings height
Answers (1)
Calculate the mean, median, and mode of the following set of data. Round to the nearest tenth. 3, 15, 3, 3, 1, 11, 2, 8, 3, 7, 15
Answers (1)
Type the correct answer in the box. Write your answer as a whole number. The radius of the base of a cylinder is 10 centimeters, and its height is 20 centimeters. A cone is used to fill the cylinder with water.
Answers (1)
New Questions in Mathematics
On a number line, the surface of a river is marked at - 225 feet and the top of a building is marked at + 18 feet, where 0 represents sea level.
Answers (2)
The length of a rectangle is 3 inches more than its width, and its perimeter is 22 inches. Find the width of the rectangle. 4 in. 5 in. 7 in.
Answers (1)
In 2017, the world's population was 7.451 billion people. Tge world growth rate is 1.13% annually, (a) what the projected world's population in 2035? (b) how long will it take for world's population to double?
Answers (1)
What multiplies to 105 and adds to 16
Answers (1)
The time it takes to wash the dishes is uniformly distributed between 5 minutes and 13 minutes. what is the probability that washing the dishes tonight will take me between 8 and 11 minutes?
Answers (1)