Business, 26.05.2021 01:00 queenkimm26
Tom would like to take out a secured loan to help pay for a vacation this summer. He has offered his car as collateral. His car is worth $3,500. His bank can offer loans for 80% of collateral value. The vacation he has planned will cost $4,750. Approximately how much additional collateral will Tom need to offer in order to borrow enough to go on his vacation as planned
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Tom would like to take out a secured loan to help pay for a vacation this summer. He has offered his...
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