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inn [45]
1 year ago
14

Which of the following is an example of voluntary debt - that is, debt a person or business creates in good faith and not under

duress? A. Mortgage B. All of these C. Boat loan D. Car loan
Business
1 answer:
Rudiy271 year ago
7 0

A mortgage is an example of voluntary debt - that is, debt a person or business creates in good faith and not under duress.

Mortgages are a sort of loan that can be used to buy or keep up a house, land, or another piece of real estate. The borrower agrees to make periodic payments to the lender, usually in the form of a series of regular instalments that are split into principal and interest. The property then acts as security for the loan.

Applying for a mortgage requires a borrower to make sure they meet a number of standards, including minimum credit ratings and down payments. Prior to closing, mortgage applications go through a thorough underwriting procedure. The borrower's needs will determine the different mortgage options, such as fixed-rate and conventional loans.

Learn more about mortgages here:

brainly.com/question/13447700

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Inventory turnover is calculated as __________ divided by __________.
Pie
Cost of good sold; average inventory
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2 years ago
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2. You retire at age 60 and expect to live another 23 years. On the day you retire, you have $568,900 in your retirement savings
hichkok12 [17]

Answer:

The monthly withdrawals are $3,537.85 and will last for 23 years.

Explanation:

We have to calculate the monthly installment of an annuity:

PV \div \frac{1-(1+r)^{-time} }{rate} = C\\

PV 568,900.00

time 276 (23 years x 12 months)

rate 0.004333333 (5.2% = 5.2 / 100 = 0.052 per year we now divide by the 12 months of a year and get the rate for monthly withdrawals.

568900 \div \frac{1-(1+0.00433)^{-276} }{0.00433} = C\\

C  $ 3,537.85

5 0
3 years ago
Is certificate of deposit money stuck?
finlep [7]

Due to the nature of CDs, once the money is deposited, it remains there until maturity (unless you wish to pay a large penalty) and the interest rate remains the same.

Age is not a factor in maturity; rather, maturity is determined by the way you decide to behave and react to different life experiences. It is essentially a stage of mental maturity or wisdom that affects every aspect of a person's life, from behaviour to interpersonal relationships. An emotionally mature person has attained (and strives to attain) a level of self-understanding with regard to their thoughts and behaviours, and after doing so, they decide how to effectively approach and cope with situations that could otherwise be difficult or problematic. Brain Maturity Continues Long After Adolescence Most laws consider 18 to be the legal age of adulthood. However, new research on brain development indicates that the majority of people don't attain complete maturity until they are 25 years old. Accepting responsibility for your own words and deeds may be the most crucial aspect of maturing as a person. Always keep in mind that things don't just happen to you. Your words and deeds have an impact on both you and other people because you are an agent in your own life.

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8 0
1 year ago
Rachel plans to set up a beautifully furnished office for her interior decorating business. She will describe it in her business
Whitepunk [10]
The answer to this question is B
5 0
3 years ago
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Company X has 100 shares outstanding. It earns $1,000 per year and announces that it will use all $1,000 to repurchase its share
Minchanka [31]

Answer:

d) 89.0

Explanation:

The value of the company today is the present value of its cash flows in perpetuity which is the cash flows divided by the required rate of return.

value of the firm=$1000/10%=$10,000

share price=value of the firm/shares outstanding

share price=$10,000/100=$100

number of shares to be repurchased=$1000/$100=10

number of shares after repurchase=100-10=90

note that when 90.91 is rounded to a whole, it turns out to be 92 while 89 is rounded to 90

6 0
3 years ago
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