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Rina8888 [55]
3 years ago
12

When a mortgage loan has been paid in full, it is important for the borrower to be sure that?

Business
1 answer:
Olenka [21]3 years ago
7 0
Of course it is it would be bad if something went wrong and the borrower had to repay it.
You might be interested in
A financial advisor offers you two investment opportunities. Both offer a rate of return of 11%. Investment A promises to pay yo
dsp73

Answer:

The value of x is 566.36

Explanation:

The value of x should be such that the present value of both Investments is the same when discounted at a rate of 11%. To calculate the present value, we use the following formula,

Present Value = CF 1 / (1+r)  +  CF 2 / (1+r)^2 + ... + CFn / (1+r)^n

Where,

  • CF represents Cash flow
  • r represents the discount rate

So, we equate both the present value of Investment A and B to calculate the value of x.

Present Value of A = Present Value of B

450/(1.11)  +  650/(1.11)^2  +  850/(1.11)^3 = 850/(1.11)  +  x/(1.11)^2  +  450/(1.11)^3

1554.472661  =  765.7657658  +  x/(1.11)^2  +  329.0361216

1554.472661  -  765.7657658  -  329.0361216  =  x/(1.11)^2

459.6707736 * (1.11)^2  =  x

x = 566.3603602 rounded off to 566.36

3 0
3 years ago
Slapshot Company makes ice hockey sticks. Last week, direct materials (wood, paint, Kevlar, and resin) costing $26,000 were put
Fudgin [204]

Answer:

Slapshot Company

The total production is $98,000 with a unit cost of $49 per hockey stick.

The selling price per unit should be above $49 when marked-up.

Explanation:

a) Data and Calculations:

Direct materials (wood, paint, Kevlar, and resin)        $26,000

Direct labor (10 workers x 100 hours x $20 per hour) 20,000

Manufacturing overhead equaled                                52,000

Total production costs =                                             $98,000

Production of hockey stick = 2,000 units

Unit cost of hockey stick = $49 ($98,000/2,000)

7 0
3 years ago
Over 2 years, how much more does $2000 in a savings account with an APR
irina1246 [14]
It will be 4000 cause if u add that together it will give you 4000
4 0
3 years ago
Read 2 more answers
On June 1, Year 1, Yola Corp. lent Dale $500,000 on a 12% note, payable in five annual installments of $100,000 beginning Januar
sweet [91]

Answer:

C) $10,000

Explanation:

The last interest payment was made on November 1, so by December 31, two months worth of interest is considered receivable.

Interest receivable = principal x interest rate x time periods = $500,000 x 12% x (2/12) = $10,000

By December 31, no principal payments had been done yet.

8 0
3 years ago
Read 2 more answers
Selected accounts with some debits and credits omitted are presented as follows:Work in ProcessOct. 1 Balance 20,000 Oct. 31 Goo
forsale [732]

Answer:

The amount of factory overhead applied in October is $63,300.

Explanation:

Goods finished + Oct 31 work in progress = direct materials + direct labor + oct 1 balance + factory overhead

360,000 + 21,000 = 96,700 + 201,000 + 20,000 + Factory Overhead

381,000 = 317,700 + Factory overhead

Factory overhead = $63,300

Therefore, The amount of factory overhead applied in October is $63,300.

6 0
3 years ago
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