Answer:
The insurance company will pay the mortage of $400,000
Explanation:
Loan value = 96%* $500000
= $480000
75% LTV value = $375000
Portion of loan over 75% LTV= $105000.
This is the amount insured.
5 years later, Sam needs $400000 more to pay. But he defaults.
And he has only paid $100000 of mortgage loan.
So, insurance company will pay the remaining balance of the amount insured to Sam's lender.
Therefore, The insurance company will pay the mortage of $400,000.
Answer:
Its always a competition
Explanation:
People use to complete on how the world gets and receives items same in business, companies compeate all the time trying to get the most money, visitors, and promotions.
Answer:
d. Federal income taxes paid or accrued
Explanation:
There are different items considered as a taxable income adjustment. The taxable income adjustment is usually computed by subtracting exemptions such as itemized or personal deductions from the adjusted gross income. However, a refund due to taxes conducted in the previous year is not one of the taxable income adjustment.
