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maw [93]
1 year ago
10

if someone has a home valued at $100,000 and they currently owe $60,000. what is the biggest home equity line of credit they can

get if the bank requirement for ltv is 90%.
Business
1 answer:
Akimi4 [234]1 year ago
5 0

Value of the house = $100,000

Amount owed = $60,000

Bank requirement is 90%

Therefore, the biggest home equity line of credit they can get is

= ($100,000 - $60,000) * 90%

= $40,000 * 90/100

=$36000

Home Equity Line Of Credit or HELOC is a variable-rate loan which allows to borrow a part of the pre-approved amount offered by the bank. This loan works similar to how a credit card works.

Similar to a home loan, the houses serve as collateral and repayment will include principal and interest. The repaid amount can be re-borrowed like a credit card.

To know more about home equity line of credit visit:

brainly.com/question/14059342

#SPJ4

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Peggy, a fitness instructor at the local YMCA, has been invited by a publisher to meet with nine other people to discuss a new c
VladimirAG [237]

Answer:

True. Peggy has been invited to participate to a focus group.

Explanation:

A focus group is a meeting of a small group of people, for a moderate amount of time (usually 1 or 2 hours), with the goal of discussing a specific subject.

Focus groups have a moderator, and the participants know the objective of the focus group.

In this case, Peggy will be participating in a focus group, with 9 other people, and the subject that they will discuss is the concept of the new health and fitness magazine.

3 0
3 years ago
Drag the labels to complete each sentence that discusses the development of viral-induced cancer.
Digiron [165]

Answer:

1. regulatory

2. proto-oncogenes and apoptosis

3. presence

4. inactive

5. tumor-suppressor and p53

Explanation:

Gene code for a protein helps it to grow, two of important gene is proto-oncogenes which gives rise to oncogenes. It interferes with different proteins and undergoes normal cell regulation. P53 is a tumor suppressor protein which is found in nucleus of all cells. This protein undergoes the gene mutation.

6 0
3 years ago
The ________ holds that the organization’s task is to determine the needs, wants, and interests of target markets and to deliver
allochka39001 [22]

Answer:

Societal marketing

Explanation:

Societal marketing: The societal marketing is that marketing concept which focuses on serving the society at their best level by satisfying their needs, wants, and interest and keep the profit motive aside.  

It aims to produce such goods and serving those services which helps to improves the business organization image, goodwill, reputation to a larger extent. By satisfying the society at large, the organization can strengthen its long term success.  

This market concept is closely related to the Corporate Social Responsibility (CSR)

So, According to the given definition, the most appropriate term is Societal marketing

6 0
3 years ago
An economy produces protein shakes.
poizon [28]
If less than the efficient quantity of protein shakes is produced , :
D. marginal cost exceeds marginal benefit
Marginal cost will keep increasing until it passed the equivalent before it finally started to diminish

hope this helps
5 0
3 years ago
On July 1, 2019, Pat Glenn established Half Moon Realty. Pat completed the following transactions during the month of July.
rodikova [14]

Answer:

1.

Cash + Supplies = Accounts Payable + Pat Glen Capital - drawings + sales commission - Salaries Expense - Rent expense - automobile expense - supplies expense - misc expense

$25,000 + $1,850 = $1,850 - $1,200 + $25,000 - $4,000 + $41,500 - $5,000 - $3,600 - $3,050 - $900 - $1,600  

Explanation:

Income Statement :

Sales Commission $41,500

Rent expense $3,050

Misc Expense $1,600

Supplies expense $900

Salaries Expense $5,000

automobile expense $3,600

Expense Total $14,150

Net income $27,350

6 0
3 years ago
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