The Trimbles apply to Community Savings & Loan for an installment loan of $20,000 to remodel their bathroom. Discuss the disclosures Community is required to make
The Truth in Lending Act will apply to this loan since it is a consumer loan, it will be repaid in more than four installments or has a finance charge, the loan is for less than $25,000, and is made by someone in the business of offering credit. All loans regulated by the TILA must have clear disclosures in a meaningful sequence. Also, the lender must disclose the finance charge (the amount in dollars the consumer will pay in interest and fees over the life of the loan) and the annual percentage rate (the actual rate of interest the consumer pays on an annual basis).
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Which of the following tables would most likely have a composite key?
a. Take Order. b. Cash c. Ship Product d. Inventory Ship Link
Currency ________ refers to how the value of one country's currency changes in relation to the value of other currencies.
Fill in the blank(s) with the appropriate word(s).
Karen is laid off by her employer. Karen asks her employer to give her reasons for the layoff. In this case, Karen is demanding:
A. restorative justice. B. interactional justice. C. informational justice. D. retributive justice.
A $60,000 outlay for a new machine with a usable life of 15 years is an operating expenditure that would appear as a current asset on a firm's balance sheet
Indicate whether the statement is true or false