1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
scoundrel [369]
1 year ago
11

If the mortgage loan is 80% of the appraised value of a house, and the interest rate of 8% amounts to $460 interest for the firs

t month, then what is the appraised value of the house?
Business
1 answer:
irga5000 [103]1 year ago
6 0

The appraised value of the house is after calculating interest and the value is $86,250.

<h3>What is appraised value?</h3>

A qualified appraiser or valuer's assessment of the assessed value of the real property is what is meant by an appraised value or mortgage valuation. It is typically utilized as a pre-qualification criterion and risk-based pricing component in connection with a financial institution's issuance of mortgage loans.

Calculation of appraised value of the house:

  1. First, calculate the yearly interest. $5,520 in interest total every year ($460 x 12).
  2. Take a loan for $69,000 at an interest rate of.08 on $5,520.
  3. Next, subtract $86,250 from $69,000 to get the appraised value.

Hence, the total appraisal value is $86,250.

Learn more about appraised value :

brainly.com/question/21507493

#SPJ1

You might be interested in
(blank) parenting is a belief, or a way of living, that teaches and emphasizes good behavior in the process of raising children.
LenaWriter [7]
Positive. Positive Parenting is the answer. I just had this question and It is correct. 
8 0
3 years ago
Read 2 more answers
Days sales outstanding. Baxley Brothers has a DSO of 23 days, and its annual sales are $3,650,000. What is its accounts receivab
marishachu [46]

Answer:

$230,000

Explanation:

Given that,

Days sales outstanding, DSO = 23 days

Annual sales = $3,650,000

Assume that it uses a 365 day year

Accounts receivable = (Annual sales × Days sales outstanding) ÷ 365 days

                                  = ($3,650,000 × 23) ÷ 365 days

                                  = $83,950,000 ÷ 365 days

                                  = $230,000

Therefore, the Baxley Brothers has  $230,000 balance in its accounts receivable.

4 0
3 years ago
Which does the following illustrate Cameron wants a modest house with enough property to keep horses
vladimir2022 [97]

Answer

C. Lifestyle

Explanation

Lifestyle is the way in which an individual lives. It is a composite word whose meaning cuts across needs and wants of a person which are controlled by the social class of the person, culture, family or reference groups. In this case, Cameron wants a modest house that has adequate space to keep horses. Cameron should be a  rich person who wants to maintain his class in the society by staying in a modern residence that can accommodate horses because the value of such a life is high.



5 0
3 years ago
Read 2 more answers
Inventory costing methods place primary reliance on assumptions about the flow of.
kvv77 [185]

Inventory costing methods rely heavily on assumptions about the flow of costs. The most widely used inventory valuation method is the FIFO method.

FIFO (First-In, First-Out), LIFO (Last-In, First-Out), Specific Identification, and Weighted Average Cost are the 4 major Inventory costing methods. If your inventory costs are steady or increasing, LIFO is the better option. Businesses with bigger inventories and rising costs appreciate how LIFO reduces profits and taxes while increasing cash flow. If your inventory costs are decreasing, FIFO is the better option.

Learn more on Inventory costing methods-

brainly.com/question/17097250

#SPJ4

3 0
1 year ago
A commercial building construction company and Sub Shop, Inc. have a contract, which calls for the construction company to build
OlgaM077 [116]

Answer:

liquidated damages

Explanation:

Based on the information provided within the question it can be said that the $150 per day is called liquidated damages. This term refers to a set amount of money that both parties agree upon when signing a contract. This money is then paid out by the company being contracted if they breach the contract, such as is the case in this situation by not completing construction by the due date. The amount specified is meant to reflect the damages that the contractor would have to deal with if the contract is not met accordingly.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

3 0
3 years ago
Other questions:
  • ""The average daily rate charged by member banks for overnight loans of reserves" best describes the:"
    14·1 answer
  • A borrower is unsure whether to go with a fixed rate or adjustable rate loan. what kind of questions would you ask to help them
    12·1 answer
  • Passerine runs a tapestry shop in Rome, weaving historical images for the tourism industry. Lately, her arthritis has gotten wor
    12·1 answer
  • In a firm with a(n) _____ staffing policy, considerable resentment is caused among foreign nationals who are members of the inte
    9·1 answer
  • Assume Sarah is a cash-method, calendar-year taxpayer, and she is considering making the following cash payments related to her
    15·1 answer
  • Suppose the U.S. and Japan both produce airplanes and televisions and the U.S. has a comparative advantage in the production of
    7·1 answer
  • Match each of the following types of evaluation with one of the listed users of accounting information. (Note: There might be us
    13·1 answer
  • The spherical bubbles near the surface of a glass of water are 2.5 mm in diameter at sea level where the atmosphere exerts a pre
    14·1 answer
  • Five business ideas that interest me are starting a pet sitting service, opening a place that help disabled pets, opening up a p
    10·1 answer
  • _______ property is an ownership fence, which applies to resources like land that more than one individual owns jointly.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!