What is a benefit of obtaining a personal loan? getting money with special repayment terms getting money with favorable interest

10 answers
Question:

What is a benefit of obtaining a personal loan?
getting money with special repayment terms
getting money with favorable interest rates
getting small amounts of money to use immediately
getting large amounts of money to use immediately

Answers

getting large amounts of money to use immediately

getting large amounts of money to use immediately

6 different ways

Explanation:Build or support your credit score. ...

Pay for planned expenses with a lower interest rate. ...

Refinance your high interest debt with a lower interest personal loan. ...

Consolidate multiple debts. ...

Know when you will pay off your loan. ...

Borrow money without risking your assets.

$38,851 approx

Explanation:

As per the information provided in the question, the minimum annual rate of return would be at-least equal to the usual rate of return the investor (here uncle) earns. Here it is 9% per annum.

Anything earned below this rate of return will not satisfy the investor since this represents the minimum required rate of return.

A= [tex]P(1 + r)^{n}[/tex]

Where A= Amount

           P= Principal

           r= Annual Rate Of Interest

           n= period of loan

Therefore, A= [tex]30,000(1 + .09)^{3}[/tex]

                  A= $38,850.87 or $38,851 approx.

D on edg :

For the first part of the question I would go with B.

Pamela scores high on openness, agreeableness, conscientiousness and optimism and low on neuroticism and risk taking which would indicate that she is more than capable of being left to get on with the project with no problems and her supervisor can be friendly and warm towards her.

For the second part of the question I would go with D.

Pamela has average analytical intelligence, high practical intelligence and linguistic intelligence and very high emotional intelligence. This would indicate that she would not do well with the most difficult analytical aspects of the project, she would do well with the common sense part, she would do well with the written parts and she would do especially well with the emotional part of the project.

Getting large amounts of money to use them immediately.

Further Explanation:

The advantages of taking personal loan are

Multipurpose - you can use the loan for any type of expense. There is no a strict string that limit the type of expense from the money.Lower interest rate - In comparison with credit card interest, personal loan is much lower. Adjustable - the amount of loan basically depend on your credit score. You can borrow the amount of money that will not crossing your safe credit threshold score. Learn more:

What is scarcity in economy

Details:

Grade: College level

Sub Chapter : Loan and their interest rate

Historians still don’t agree on the exact cause of the Salem witch trials. Several theories have been put forward explaining the motive behind the accusations: Economic Causes In Salem, some families were very rich, while others were poor. This disparity led to jealousy among some of the people. Several families were engaged in property disputes. Some of the accused were rich. If convicted, they would lose their land and property, which could then be bought by others. Suggesting that a person was a witch was one way of obtaining that person’s property. Some of the accused were poor. They were outsiders, and wealthier townspeople looked down on them. Accusing these people of being witches was one way of eliminating them from the village. Political Causes In the recent past, there had been several disputes over who should govern the Massachusetts Colony. The colonists had also endured some violent conflicts with American Indians. These events created political turmoil and instability. People were upset, and they blamed their problems on a lack of effective leadership. The leaders, in turn, were eager to see others take the blame for social problems. Accusing people of witchcraft made the accused responsible for social and political problems. The supposed witches could be blamed for whatever was wrong with society. Leaders did not have to take responsibility for mistakes or try to make changes. Intellectual Causes People knew little about science in those days. They were afraid of things they didn’t understand. People didn’t know about the causes of disease. If a person became sick, they believed it might be because of a curse. Witchcraft was one way of explaining the unknown. Psychological Causes Most of the accusers were young women and girls. At that time, girls were supposed to be quiet and obedient. They had little power in society. Accusing others of witchcraft may have made them feel powerful. Some girls and women may have been under pressure to make up stories about witchcraft. Powerful people who had something to gain from seeing certain people in the town convicted of witchcraft may have pressured these women into testifying. Mass hysteria may have also played a role. Mass hysteria happens when large numbers of people respond to real or imagined threats in an emotional and unreasonable way. They become frightened, angry, and even violent. During times of mass hysteria, people may engage in mob violence, hunting down, shaming, and sometimes even killing those they believe are responsible for their troubles. The power of suggestion can contribute to mass hysteria. When one person claims to see, hear, or feel something, others may believe it to be true and swear they hear, see, or feel the same thing without knowing why. For instance, if you see your friends scratch themselves or yawn, you may start scratching or yawning too, even if you aren’t itchy or tired. This is one example of what psychologists call the power of suggestion. Review this source for additional information about the causes of the Salem witch trials: Causes for the Outbreak of Witch Hysteria in Salem Think about the different theories that have been presented so far. Do you feel that one theory is more convincing than the others? Do you believe there might be more than one cause involved? Write a short opinion piece of about 200 to 250 words explaining what you believe caused the witch accusations. Refer to the details and source provided above to support your opinion. Make sure you include an introductory statement and a conclusion.

I believe the answer should be $29,160

The answer is D. obtaining unauthorized personal information from a website

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