Why was the reported rate on motor vehicle loans historically higher for a finance company than a commercial bank? Why did this change in 1997?
Answer to relevant QuestionsWhat advantages do finance companies have over banks in offering services to small- business customers?How has the composition of the assets of U.S. life insurance companies changed over time?What are the two major lines of property–casualty (P&C) insurance firms?How can life insurance and annuity products be used to create a steady stream of cash disbursements and payments so as to avoid either the payment or receipt of a single lump sum cash amount?Calculate the following: a. Suppose a 65-year-old person wants to purchase an annuity from an insurance company that would pay $ 20,000 per year until the end of that person’s life. The insurance company expects this ...
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