Which of the following types of credits would best describes home equity loans? a. closed and secured b. closed and unsecured c. open and secured d. open and unsecured​

Answers

Answer 1
Answer:

Answer:

  • a. closed and secured

Step-by-step explanation:

This type is usual for home or car loans

  • Closed-end secured loans are loans backed by collateral—usually an asset like a home or a car—that can be used as payment to the lender if you don't pay back the loan.
  • Secured loans offer faster approval.
  • Loan terms for unsecured loans are generally shorter

Answer 2
Answer:

The following types of credits that would best describes home equity loans is:  a. closed and secured.

What is home equity loans?

An home equity loans is a type of loan given to a person in which their assets tend to serve as a collateral incase they did not pay the amount lend to them.

Home equity loan is a closed-end secured loans because when the borrower fails to payback or unable to payback the lender their assets such as property or car will be use to repay the lender.

Inconclusion the types of credits that would best describes home equity loans is:  a. closed and secured.

Learn more about  home equity loans here:brainly.com/question/26479975


Related Questions

Example 1. Increase 120 by 10%. 2. Decrease 2 500 by 7%.​
What is the least common denominator for adding the fractions 4/15, 1/12, and 3/8
A medical clerk noticed that 7635 patients were admitted to the hospital  in a one-year period. 4/15  of them had heart or lung diseases. How many patients with heart or lung diseases were admitted to the hospital during the year?
Write the equation of the line perpendicular to 2x-3y=12 which passes through the point (16,-7).
Simplify the given equation. 5x + 2(x - 3) = -2(x - 1)

what 2 numbers should be placed in the blanks below so that the difference between consecutive numbers is the same?      17,_,_,41 

Answers

The answer is 25, 33. The difference between each consecutive number is 8.

What two numbers adds to -31 and multiplies to 150

Answers

In order to add to a negative number but multiply to a positive number, both numbers must be negative.
With a large number such as 150, I sometimes find it helpful to factor all possible combinations.
150
-----
-1 × -150 ll -1 - 150 = -151
-2× -75 ll -2-75 = -77
-3× -50 ll -3-50 = -53
-5× -30 ll -5-30 = -35
-6× -25 ll -6-25 = -31
-10× -15 ll -10-15 = -25

The numbers are -6 and -25
-6 -25 = -31
-6 × (-25) = 150

I apologize for any poor formatting

The product of two consecutive odd numbers is 10 more than the square of the smaller number. Find the smaller number

Answers

Answer:

5

Step-by-step explanation:

let the consecutive odd numbers be n and n + 2 , then

n(n + 2) = n² + 10 , that is

n² + 2n = n² + 10 ( subtract n² from both sides )

2n = 10 ( divide both sides by 2 )

n = 5

That is the smaller number is 5

Y=3x+2 is the equation of a straight line graph. Where does it cross the y-axis?

Answers

The line crosses the y-axis at point (0,2). You know this because the slope intercept form is y=mx+b. y is any point on the y-axis. m is the slope of the line. x is and point on the x-axis. Finally, b is the y-intercept or where the line crosses the y-axis. As a result, your equation has a for b. So, your answer would be: the line crosses the y-axis at point (0,2). 2 being where the line crosses the y-axis.

NEED HELP WITH A MATH QUESTION

Answers

For this case we have that by definition, the sum of the internal angles of a triangle is 180 degrees.

Then we look for the measure of the third angle:

102 + 28 + x = 180\nx = 180-102-28\nx = 50

According to the Law of sines:

\frac {sin (50)} {a} = \frac {Sin (28)} {27}\na = \frac {27 * sin (50)} {sin (28)}\na = \frac {0.76604444 * 27} {0.46947156}\na = 44.06

Answer:

a = 44.1

Answer:

56.3 cm

Step-by-step explanation:

(sinA)/(27) = (sinC)/c

(sin28°)/(27) = (sin102°)/c

An investment counselor calls with a hot stock tip. he believes that if the economy remains​ strong, the investment will result in a profit of ​$50 comma 000. if the economy grows at a moderate​ pace, the investment will result in a profit of ​$10 comma 000. ​however, if the economy goes into​ recession, the investment will result in a loss of ​$50 comma 000. you contact an economist who believes there is a 30​% probability the economy will remain​ strong, a 60​% probability the economy will grow at a moderate​ pace, and a 10​% probability the economy will slip into recession. what is the expected profit from this​ investment?

Answers

Answer: $ 16,000 profit

Step-by-step explanation:

Given the following :

Profit when economy is strong = 50,000

Profit when economy is moderate = 10,000

Loss when economy goes into recession = 50000

Resulting probabilities of the three probable occurrences are:

Probability of strong economy; p(strong) = 30/100 = 0.3

Probability of moderate; P(moderate) = 60/100 = 0.6

Probability of recession; P(recession) = 10/100 = 0.1

Expected profit :

Summation of the product of each probability and its accompanying profit or loss.

P(strong) × profit of strong = 0.3 × 50000 = 15000

P(moderate) × profit of moderate = 0.6 × 10000 = 6000

P(recession) × loss on recession = 0.1 × 50000 = 5000 = - 5000 ( loss)

Expected profit :

$(15,000 + 6000 - 5000) = $16,000 profit