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Which type of lease makes you responsible for any difference between the actual and estimated depreciation on the car you lease? (a) closed-end lease (b) open-end lease (c) contingent lease (d)
depreciated lease.
b
Expert answered|toxictoast96|Points 2180|
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Asked 8/19/2010 9:20:12 PM
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What is one positive thing you can do to keep your student loans under control?
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Fixed-rate loans usually carry lower initial interest rates than do variablerate loans. True or false
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Updated 8/12/2010 1:55:55 PM
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False. It is just the opposite; adjustable rate loans usually have lower starting interest rates than fixed-rate loans. But with adjustable rate loans, the starting rate does not indicate what the future cost of borrowing will be, because the interest rate changes. If the interest rate rises, the cost will be higher; consequently, if the interest rate goes down, the cost will be lower. According to Wikipedia, some studies have shown that on average, the majority of borrowers with adjustable rate mortgages save money in the long term.
Added 8/12/2010 1:55:55 PM
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Asked 8/12/2010 12:33:31 PM
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