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Reil [10]
2 years ago
5

The loan-to-value ratio for a condominium purchased for $265,000 with a down payment of $53,000 is?

Business
1 answer:
Temka [501]2 years ago
6 0

The loan-to-value ratio for a condominium purchased for $265,000 with a down payment of $53,000 is 80%.

A loan is a loan of money by one or more individuals, entities, or other entities to another individual, entity, etc. Repayment amount of the principal borrowed.

A loan is a type of debt owed by an individual or other legal entity. A lender (usually a corporation, financial institution, or government) makes an advance payment to a borrower. In return, the borrower agrees to certain terms, including funding costs, interest, repayment dates, and other terms.

Learn more about loan here:brainly.com/question/26011426

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Bill just financed a used car through his credit union. His loan requires payments of $275 a month for five years. Assuming that
Fittoniya [83]

Answer:

A. amortized

Explanation:

3 0
3 years ago
Those who exhibit similarities in​ occupations, education, and income​ level, and have similar tastes in style and activities ar
juin [17]

Answer: The correct answer is "B. social class".

Explanation: Those who exhibit similarities in​ occupations, education, and income​ level, and have similar tastes in style and activities are members of​ a <u>social class.</u>

In a society the general range of people can be defined as the social class. Within these classes people tend to be similar in terms of occupation, income level, tastes, education, etc.

8 0
3 years ago
By following the strategic planning process, HR teams and stakeholders have a higher likelihood of success in addressing a busin
Semmy [17]

Answer:

True

Explanation:

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The aim of strategic planning process is to prevent a company from carrying out task without directions because when those controlling business or its owners do not have clear vision, wrong decision may be made hence create problems for the employee regarding their stand in the company.

Strategic planning process includes identifying strategic position, gather information, conduct SWOT analysis, create a strategic plan, execute the strategic plan etc.

8 0
3 years ago
The Tanner Company's April 30 pre-reconciliation cash balance on its books was $35,000. While preparing the April 30 bank reconc
Natalija [7]

Answer:

$38,950

Explanation:

Given that,

Cash balance on its books = $35,000

Outstanding checks = $11,000

Deposits in transit = $7,000

Bank service charges = $50

Tanner's April 30 cash balance per the bank statement:

= Cash balance in books + outstanding checks - Deposits in transit - Bank service charge

= $35,000 + $11,000 - $7,000 - $50

= $38,950

Therefore, cash balance as per bank statement is $38,950.

6 0
3 years ago
Recall the four reasons some people favor trade restrictions. Give an example from the U.S. economy that you think best fits eac
Nookie1986 [14]

Answer: See explanation

Explanation:

Trade restrictions simply means a way of protecting the local industries. This can be through imposition of tariffs on foreign goods, use of quota etc. The importance of trade restrictions are:

1. Trade restrictions are important in the protection of the infant indutries, that is, the young industries in a country that are just growing.

2. Trade restrictions is necessary to prevent dumping of goods. This mean selling of goods at lower prices or of low quality in a country. This gives such products an unfair advantage over other goods produced in the home country.

3. Trade restrictions is vital on order to protect the strategic indutries.

4. Trade restrictions is also vital in order to protect the jobs of the people in the country. When goods are imported rather than supporting local businesses, this can lead to unemployment as workers will lose their jobs.

7 0
3 years ago
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