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10 months ago

When borrowers fail to pay property taxes, allow their property to go into disrepair, or ______, they could face loan default.

1 answer:

kramer10 months ago

5 0

When borrowers fail to pay property taxes, allow their property to go into disrepair or miss scheduled mortgage payments, they could face loan default.

Property tax is a charge made on real estate that is owned by a person, a business, or another type of legal body. Property tax is most frequently a real estate ad-valorem tax, which is regarded as a regressive tax. It is computed by the local government in the area where the property is situated, and the owner is responsible for paying it. Usually, taxes are calculated based on the value of the assets that are possessed, including land. However, a lot of places additionally tax things like vehicles and boats that are tangible personal property. The local governing body will use the assessed taxes to pay for water and sewer improvements as well as for other community-beneficial services including libraries, law enforcement, fire protection, and road and highway building.

Learn more about property taxes here:

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5. Suppose Hillard Manufacturing sold an issue of bonds with a 12-year maturity, a $1,000 par value, a 10% coupon rate, and semi

balandron [24]

Answer:

Price of bonds = $1,389.73

Explanation:

The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV).

Value of Bond = PV of interest + PV of RV

The value of bond for Hillard can be worked out as follows:

Step 1

Calculate the PV of interest payments

Semi annual interest payment

= 10% × 1,000 × 1/2 =50

PV of interest payment

A ×(1- (1+r)^(-n))/r

r- semi-annual yield = 5%/2 = 2.5%

n- 10× 2 = 20.

Note that the bonds now have 10 years to maturity because it was issued 2 years ago

PV on interest = 50 × (1-(1.025^(-20)/0.0425 = 779.45

Step 2

PV of redemption Value

PV = $1,000 × (1.025)^(-20) = 610.27

Step 3

Price of bond

= 779.45+ 610.27 = $1,389.73

Price of bonds = $1,389.73

4 0

2 years ago

If the midwest experiences a severe drought that damages the corn crops, we should expect the:_________.

kozerog [31]

Answer:

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Explanation:

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Answer:

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gulaghasi [49]

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