Answer:
the maximum loan size is $1,278,335.62
Explanation:
The computation of the maximum loan size is as follows:
= (NOI first year ÷ debt coverage rate) × 1 ÷ (rate of interest) × (1 - 1 ÷ (1 + rate of interest)^number of years)
= ($150,000 ÷ 1.5) × 1 ÷ (6%) × (1 - 1 ÷ (1 + 6%)^(25))
= $1,278,335.62
hence, the maximum loan size is $1,278,335.62
We simply applied the above formula
The compensation the pay that employees receive in return for their labor. It is the total amount of the non-monetary and monetary pay given to employees by their employers for the work they performed or for the services they rendered. It is the combination the value of the pay, bonuses, vacation, health insurance, and other benefits you receive.
A consolidation loan is intended to help consumers who have an unhealthy credit situation caused by overusing their credit. Thus the correct option is D.
<h3>What is a loan?</h3>
An amount given by any financial institution to any individual in advance on a certain rate of interest that they need to repay during the given time is called a loan.
A consolidation loan is meant to assist individuals with credit problems brought on by excessive credit use. A debt reduction approach known as a debt consolidation loan is taking out a new loan to settle a number of bills.
Therefore, option D is appropriate.
Learn more about the consolidation loan, here:
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The complete question is probably
A _____ loan is intended to help consumers who have an unhealthy credit situation caused by overusing their credit.
a. personal
b. single-payment
c. buy-down
d. consolidation
e. standard
Increase because the software will become more in demand from the more economists.
