To finance a sofa for his new apartment, Caleb signed a contract to pay for the sofa
Question:
To finance a sofa for his new apartment, Caleb signed a contract to pay for the sofa in six equal installments. What type of consumer credit is Caleb using?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
Answered By
Gilbert Chesire
I am a diligent writer who understands the writing conventions used in the industry and with the expertise to produce high quality papers at all times. I love to write plagiarism free work with which the grammar flows perfectly. I write both academics and articles with a lot of enthusiasm. I am always determined to put the interests of my customers before mine so as to build a cohesive environment where we can benefit from each other. I value all my clients and I pay them back by delivering the quality of work they yearn to get.
4.80+
14+ Reviews
49+ Question Solved
Related Book For
Focus On Personal Finance
ISBN: 9780077861742
5th Edition
Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart
Question Posted:
Students also viewed these Business questions
-
On May 2, Mavrick orally contracted with the Target Appliance Center to buy for $ 475 a TV for his new apartment. Mavrick and the Target salesperson both agreed that delivery would be made on July 2....
-
1. Zachary Porter of Highland Heights, Kentucky, is contemplating borrowing $10,000 from his bank. The bank could use add-on rates of 6.5 percent for 3 years, 7 percent for 4 years, and 8 percent for...
-
Charlie Brown rents a one-bedroom apartment in from Lucy. The lease is signed on 1-3-18 and Charlie, his dog Snoopy and his bird Woodstock move into the apartment on 2-1-18. Charlie has been shown a...
-
A cancerous tumor is modeled as a sphere of radius r cm. a. At what rate is the volume V = 4/3r3 changing with respect to r when r = 0.75 cm? b. Estimate the percentage error that can be allowed in...
-
Define a differentiation strategy. Discuss.
-
The path of a particle P is a limaon. The motion of the particle is defined by the relations ons r=b(2+cos?t) and ? = ? t, where t and ? are expressed in seconds and radians, respectively....
-
The September 30, 2010, adjusted trial balance of Java Jolt, Inc., is shown next. Requirements 1. Prepare the September closing entries for Java Jolt, Inc. 2. Calculate the ending balance in Retained...
-
On the first day of the fiscal year, a company issues a $1,500,000, 9%, five-year bond that pays semiannual interest of $67,500 ($1, 500,000 9% ), receiving cash of $1,334,398. Journalize the bond...
-
Find the derivative of y = sin(8x) sin(4x) : 2.
-
There are two games A and B prevailing in the market. For both games, the utility derived from the game depends on the proportion of players playing that game. The utility functions derived from game...
-
1. What steps should Jamie Lee take so she may discover the reason for the denial of her credit application? 2. Jamie discovers that she has become the victim of identity theft, as her credit report...
-
List two good reasons to borrow and two unnecessary reasons to borrow.
-
Halifax Fisheries Inc. began the month of March with $760,000 of current assets, a current ratio of 2.5 to 1, and a quick ratio of 1.1 to 1. During the month, it completed the following transactions:...
-
What are the differences between extend and include use cases?
-
Name a major difference between software development life cycle methodologies and ad hoc approaches to developing a software product.
-
What is the difference between object-oriented languages and UML?
-
Could an include use case have an extend use case? Explain by providing an example.
-
Differentiate technology from methodology and from method. Can you come up with an example that differentiates these concepts in a specific context, perhaps software development?
-
Determine the difference in clock 12 arithmetic by starting at the first number and counting counterclockwise on the clock the number of units given by the second number. 12 - 7
-
A heat engine has a heat input of 3 Ã 104 Btu/h and a thermal efficiency of 40 percent. Calculate the power it will produce, in hp. Source 3 x 10 Btu/h 40% HE Sink
-
Describe the envelope method. Describe the pay yourself first method. What is the difference between the two?
-
Define income and expenses and identify some sources of each. How are net cash flows determined?
-
Describe the process of creating an annual budget.
-
A photoelectron is produced from a bismuth surface (which has a work function of 4.31 eV) at a speed of 0.910c. Relativistic effects should be included . What wavelength of light was used to produce...
-
6. Decarburization is the decrease of the carbon content of (the surface of) a steel due to interactions with the environment at elevated temperatures. This will result in a layer on the surface with...
-
Discussion Topic Activity Time: 3 Hours Directions: Think of the company and the industry you currently work for. (If you aren't currently working, consider your previous employer.) Discuss how your...
Study smarter with the SolutionInn App