Option "Take out a payday loan" is likely the worst financial decision for Colby to solve his problem. Thus, the correct answer is D.
The rationale is that payday loans typically have very high interest rates, often in the triple digits, and they are designed to trap borrowers in a cycle of debt. The repayment terms are also typically very short, which means that borrowers are often unable to pay off the loan on time, leading to additional fees and interest charges. Payday loans can also have negative impacts on credit scores.
In contrast, a home equity loan, a loan through a peer-to-peer lending website, or putting the repair on a credit card may have lower interest rates and more flexible repayment terms, making them less costly options for Colby.
The question should be provided with answer choices, which are:
A. Take out a home equity loan B. Obtain a loan through a peer-to-peer lending website C. Put the repair on his credit card D. Take out a payday loanLearn more about financial decision here: brainly.com/question/12401539
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The worst financial decision for Colby to solve his problem is Take out a payday loan. The correct answer is D.
The justification is that payday loans frequently have interest rates that are extremely high, frequently in the triple digits, and they are meant to keep consumers trapped in a cycle of debt. The normal short payback terms make it difficult for borrowers to repay the loan on time, which results in higher fees and interest costs. Credit ratings may suffer as a result of payday loans.
In comparison, Colby might find it less expensive to use a home equity loan, a credit card, or a loan from a peer-to-peer lending platform because they may offer lower interest rates and more flexible payback terms. Colby's worst financial move to address his issue is to take out a payday loan.
The question should be provided with answer choices, which are:
A. Take out a home equity loan
B. Obtain a loan through a peer-to-peer lending website
C. Put the repair on his credit card
D. Take out a payday loan
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Which of these is NOT a concern for consumers in times of inflation?
a.They cannot anticipate the cost of goods and services.
b.They lose money on their investments and savings.
c.They are at a disadvantage when paying back borrowed money.
d.They struggle when they are on a fixed income.
Answer: D
Explanation:
Janice, a nurse at a hospital, is preparing a presentation for trainee nurses about guidelines for patient care. What is the purpose of her
presentation?
A. to persuade
B. to instruct
C. to entertain
D. to debate
Answer:
B
Explanation:
To teach and acknowledge the guidelines for trainee nurses to help patients in an effective way
Gianna put $1,000 in a savings account for 18 months. The interest on the account is 3.5%.
How much will Gianna earn in interest? What amount will she have at the end of the time period?
Answer:
You will earn $52.96 in interest
You have $1,052.96 in total.
What are three elements of negligence?
Actual Harm
Breach of duty
State of mind
Duty of care
Proximate cause
Motive
Answer:
actual harm
breach of duty
duty to act
In what type of economy do individuals and firms determine what will be produced?
Mixed
Traditional
Market
Command
Answer:
market
Explanation:
What would Jamie Lee's financial liability have been had she waited more than two days to report the debit/ATM card lost or stolen
Explanation:
If Jamie notifies the bank within 2 days of the lost card , her liability for unauthorized would be $50.
Jamie Lee's as the account holder is financially responsible for any form of transfers or withdrawals that has or will be made from their accounts and until He report the theft, he will be liable to all withdrawals.
What is a Checking Account:A checking account is known to be a kind of bank account that is often used by people as a deposit account.
The usual amount deposited by them in this account is known to be used for paying bills and other form of purchases.
Base on the fact above, Jamie Lee's would be liable for his financial liability because she had waited for more than two days to report her debit/ATM card lost or stolen and as such any theft that happen within those two days on her account is her fault.
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who wants to make a call??
Answer:
Zoom you mean?
Explanation:
Answer:
I want to call my mom,lol
If 42 of 500 people who clicked
your add bought a product online,
what would your conversion ratę
be?
A. 2.4%
B. 8.4%
C. 12.8%
D. 15.2%
Answer:
Conversion rate = 8.4%
Explanation:
Given:
Number of person clicked = 42
Total people = 500
Find:
Conversion rate
Computation:
Conversion rate = [Number of person clicked / Total people]100
Conversion rate = [42 / 500]100
Conversion rate = 8.4%
If the food handler has been diagnosed with one of the Big 6 pathogens
they can return to work 24 hours after showing no symptoms.
TRUE
FALSE
Answer:
False.
Explanation:
____ reading will increase your focus and concentration, help you understand the reading, and prepare you to study.
Answer:
Active.
Explanation:
Active reading can be defined as a process which typically involves an individual being focused on his or her study. It is aimed at acquiring knowledge and understanding of a particular subject or topic without distractions.
Hence, active reading will increase your focus and concentration, help you understand the reading, and prepare you to study.
what percentage of CTE learners enroll in post secondary education?
Answer:
10th-grade public school students in 2002 who were CTE concentrators in high school, 72 percent enrolled in postsecondary education by 2006, or two years after their expected year of high school graduation, and 84 percent enrolled by 2012, or eight years after their expected year of high school graduation.
Answer:
75% – Percentage of high school students concentrating in a CTE discipline who pursue post-secondary education 43% – Percentage of young workers holding a CTE-related license or certificate who earn more than those holding an associate degree
Explanation:
Which part of the check gives the bank permission to release the money?
Answer:
And even though all national banks and federally chartered credit unions are subject to the same hold rules, each institution can release your funds sooner at its discretion. By understanding the rules of funds availability, you can ensure you'll have access to your money when you need it.:
Four people are applying for a job. This chart shows the company’s favorite characteristic of each of these job applicants:
what's the answer? please help, it's overdue
Answer: Honestly in my opinion that's a no
Explanation: because that's there imagine without them they wouldn't be able to get that image up and making profit therefore the player should get a cut of the profit that is made.
How do I find the cash flow coverage ratio?
Explanation:
There are a few different ways to calculate the cash flow coverage ratio formula, depending on which cash flow amounts are to be included. A general measure of the company’s ability to pay its debts uses operating cash flows and can be calculated as follows:
Cash flow coverage ratio = $80,000,000 / $38,000,000 = 2.105Cash flow coverage ratio = ($64,000,000 + $4,000,000 + $8,000,000) / $38,000,000 = 2By law, an accountant must hold a CPA designation in order to
?
Answer:
The CPA designation isn't required to work in corporate accounting or for private companies. However, public accountants—which are individuals working for a firm, such as Deloitte or Ernst & Young, that provides accounting and tax-related services to businesses—must hold a CPA designation.
Explanation:
Answer:
Prepare audited or reviewed financial statements.
Hope this helps :)
brief explain difference between moa and aoa ?
Answer:
The MOA (Memorandum of Association) describes the powers and objects of the company, the AOA (Article of Association) defines its rules and the AOA (Articles of Association) is subordinate to the memorandum.
Shareholders had a good year, earning a 29% annual rate of return. The PE ratio today is 10.0 and the company just announced earnings per share of $2.50. The company has a 90% payout ratio. How much did the stock price change over the past year?
Answer:
$3.68
Explanation:
Rate of return =29%
PE ratio = 10.0
Earning per share = $2.50
P1 = PE ratio * EPS
P1= 10*2.50
P1 = $25
Payout ratio = 90%
Dividend = 2.50*90%
Dividend = $2.25
Rate of return = (P1+D1-P0)/P0
0.29= (25 + 2.25 - P0)/P0
0.29 P0 = 27.50 - P0
1.29P0 = 27.50
P0 = 27.50/1.29
P0 = $21.32
Change in stock price = $25 - $21.32
Change in stock price = $3.68
In VAT (Value added tax) is it profitable to buy in large or small quantities?
Which of these is NOTa concern for consumers in times of inflation? a.They cannot anticipate the cost of goods and services. b.They lose money on their investments and savings. c.They are at a disadvantage when paying back borrowed money. d.They struggle when they are on a fixed income.
Answer:
c.They are at a disadvantage when paying back borrowed money.
Explanation:
In any economics of a country, inflation may be defined as the fall of the value of the money or currency of a country over a period of time. In inflation, the general price level increase and the value of money decreases.
Due to inflation, with each currency unit, less of goods or services can be bought. In inflation, the consumers are not concern about the disadvantage when they pay back the money that they borrowed because the value of the money decreases. Money decreases its value but the demand of goods and services increases in the economy.
HELP PLEASE!!!
what is the outcome when a person defaults on a home loan?
A. the person goes to jail.
B. the bank will make the person work a second job.
C.the bank will take the person's car.
D.the bank will foreclose on the home.
Answer:
D.the bank will foreclose on the home.
Explanation:
The bank may even sue and garnish wages and financial accounts. The bank may even serve a conversion of accetts.
The human resource manager is undecided about whether to use internal or external
recruitment for filling the supervisor vacancy. Which method would you recommend? Justify
your answer, with advantages and disadvantages.
What does the term 'user
experience' refer to regarding a
website?
A. the overall ease of navigation and ability to
purchase on a company's website
B. the general experience a customer has when
using a product of a business
C. the customer experience when dealing with
customer service representatives
Answer:b
Explanation:
Suppose the GDP of the entire European Union is 350,000 euros and the exchange rate between euros and USD is 0.66 EURO=$1. What is the GDP of the European Union when measured in USD? Round your answer to the nearest hundredth.
Answer:
the GDP of the European Union is $530,303.030
Explanation:
The computation of the GDP of the European Union is shown below:
= Entire european union × euro ÷ exchange rate
= 350,000 euros × $1 ÷ 0.66
= $530,303.030
Hence, the GDP of the European Union is $530,303.030
We simply applied the above formula
HELP ME PLEASEE!! ILL GIVE CROWN!!!
which of the following should credit be used for?
A. small things you want
B. large things you need and that you can repay over time.
C. money that you can never afford to repay.
D. purchasing things you want so you dont have to save.
Answer:
B
Explanation:
Credit should be used for large things that you can't afford at the moment but over time will be able to repay (like bills). You should never purchase things that are too expensive for you to repay (within a year.)
HELP FOR CROWN!!!
what is one thing a bank will require you to have when you ask for an auto loan?
A. keys to the car
B. proof of auto insurance
C. driver's license
D. letter of recommendation
Answer:
It is either C or D
Explanation:
Answer:
Driver's License
equity shareholders are called what
Answer:
owners
Explanation:
Shareholders' equity represents the amount invested by the owners of a company in the business by either retaining earnings over time or by investing money in it. The shareholders' equity is a form of a company's net assets. Equity shareholders are also known as Equity Stockholders.
The equity shareholders of a company are called its owners.
Facts about the chip category obtained from AC Nielsen are?
syndicated data.
survey data.
questionnaire data.
primary data.
experimental data.
Answer:
Explanation:
Then what is the question
An oligopoly is a market structure in which a large number of firms dominate the market. T or F
Answer: F
Explanation:
An oligopoly is a market structure in which a large number of firms dominate the market.
An oligopoly is a market structure in which a large number of firms dominate the market. FALSE.
Question 6 of 10
The practice of fractional reserve banking means that:
O A. banks are required by law to operate as nonprofit organizations.
O B. banks are not allowed to use deposited funds to make loans.
O C. banks can change the interest rates on loans at any time.
O D. banks only keep a portion of their deposits as cash reserves.
Answer:
D. banks only keep a portion of their deposits as cash reserves.
Explanation:
A fractional reserve system needs a commercial bank to maintains the customer deposit percentage at the time of custody. This means that at any time the deposit fraction should have the cash backing i.e. physical also the fraction should be maintained
So according to the given situation, the last option is correct as the bank keep a portion of the deposits in cash reserves