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densk [106]
3 years ago
5

You want to buy a house within 3 years, and you are currently saving for the down payment. you plan to save $5,000 at the end of

the first year, and you anticipate that your annual savings will increase by 10% annually thereafter. your expected annual return is 7%. how much will you have for a down payment at the end of year 3?
Business
1 answer:
iragen [17]3 years ago
6 0
<span>Answer: Just get the FV of each year's cash flow.
At T1 - 5,000, N 2, R 7%, Compute FV at T3 - 5,724.50
At T2 - 5,500, N 1, R 7%, Compute FV at T3 - 5,885.00
At T3 - 6,050, N 0, FV at T3 - 6,050

Total at T3 - 17,659.50</span>
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BARSIC [14]

Answer:

Mortgage, 20%, 80%

Explanation:

Typically required on Mortgage loans when the down payment is less than 20% and loan-to-value ratio is in excess of 80%. Loans with higher LTVs don't conform to Fannie Mae/Freddie Mac guidelines, so a lender may require PMI to offset the risk.

3 0
3 years ago
In a dealer market, some dealers hold a certain inventory of specific securities and create a liquid market by purchasing and se
UNO [17]

Answer:

Dealers profit comes from the spread primarily. Spread is the differential amount between buying and selling.

Explanation:

Let us assume the price of security X is USD 100 (last trade price)

A dealer will purchase this security at discounted price from the investor say USD 99 and will sell the same security in the market at USD 100, thus earning spread.

Further being market markers, dealers often use multiple strategies to prop up the price of  particular security and earn gains on inventory held.

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3 years ago
_____ is a teamwork skill that salespeople must apply in the process of building internal partnerships.
Brut [27]
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3 years ago
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Helen [10]

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Loan repayments, available credit, monthly debt amounts, and other types of information help prospective lenders determine whether credit risk is high or low.

credit report is a record of a borrower's responsible debt repayment. A credit report is a record of a borrower's credit history from various sources such as banks, credit card companies, collection agencies, and governments.

Learn more about credit reports here: brainly.com/question/9913263

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8 0
1 year ago
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Answer:

The answer and procedures of the exercise are attached in a microsof excel document.

Explanation:

After a research on internet I found the exercise and the questions better explained. The correct formulation is attached as an image. Please let me know that we are looking to the same exercise.

Please consider the data provided by you. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.

Download xlsx
3 0
3 years ago
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