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Tomtit [17]
4 years ago
12

A borrower takes out a 30-year adjustable rate mortgage loan for $200,000 with monthly payments. The first two years of the loan

have a "teaser" rate of 4%, after that, the rate can reset with a 2% annual rate cap. On the reset date, the composite rate is 5%. What would the Year 3 monthly payment be? Group of answer choices
Business
1 answer:
Lana71 [14]4 years ago
8 0

Answer:

$1,067 is the correct answer.

Explanation:

You might be interested in
Fox, Inc. reported net income of $300,000 for the current. Changes occurred in several balance sheet
Kitty [74]

Answer:

$347,000

Explanation:

Cash flow, operating activities:

Net income                                                              $300,000

Depreciation expense                                                 52,000

Gain on sale of equipment                                    <u>      (5,000)   </u>  

Cash provided by operations                                 $347,000

Depreciation expense ($52,000) does not indicate any cash being paid, hence it must be added to Net Income.

The $5,000 must be subtracted from Net Income in the Operating Section, because the $18,000 ($25,000-$12,000+$5,000) contains the $5,000 of cash received, and it should be shown increasing the Net Income only in the Investing Section.

Hope this helps!

5 0
3 years ago
Explain the initial entry strategy of passive vs. active. give an example for each.
Scrat [10]

What is passive Strategy?

An investment approach for long-term investors is passive investing. By replicating an index, it seeks to maximise market returns while avoiding frequent trading. Investors benefit from a reduction in the costs or fees associated with active trading or active investment.

What is active strategy?

An active investment strategy is one that actively buys and sells companies with specific characteristics using the information obtained by qualified stock analysts. With higher returns and/or lower risk, the goal is to outperform index and overall stock market performance.

Passive Strategy:

- search, listen, respond

- good way to start

- seek out mentions of your business, its competitors in your industry

- simply saying thank you and answering questions is a great first step

Active Strategy:

- marketer creates content and engages in conversations through different SM channels

- connects with key influencers

- many brands jump to this step (step 2) without understanding their audience or preferred interaction

To learn more about active and passive Strategy

brainly.com/question/9134427

#SPJ4

3 0
1 year ago
In this economy, community members typically use simple tools to plant and harvest crops. Food supplies are supplemented by hunt
dsp73

Answer:

Traditional economy.

Explanation:

A traditional economy is one that relies on historical methods, customs, and beliefs to develop. It is generally more common in developing countries because it is an economy based on rural activities such as agriculture, fishing and hunting. Because it is an economy that develops around a tribe or a family, it is customary for production to be for consumption only, so there is no surplus and little money movement.

5 0
3 years ago
As little as _______ percent of privately owned 4es ever move from the start-up stage to the success stage.
Vinil7 [7]
<span>As little as (C) 2 percent of privately owned 4es ever move from the start-up stage to the success stage. Owning a start-up company is a tedious and challenging job. It takes a lot of responsibility towards making it a stable one and easily attack conflicts. It is a big risk, but the success of the risk will bring you to a higher level.</span>
6 0
3 years ago
Maple Company purchases new equipment (7-year MACRS property) on January 10, 2020, at a cost of $430,000. Maple also purchases n
soldier1979 [14.2K]

Answer:

$720000

Explanation:

This answer is quite sole and can be obtained by simple addition.

The answer to this question can be gotten by adding the MACR property of 8byears that has a cost of $430,000 with the purchases of new machines whose cost is $290000.

= $430000 + $290000

= $720000

Therefore Maple's total MACRs deduction for the year 2020 is equal to

$720000.

Thank you!

4 0
3 years ago
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