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xxTIMURxx [149]
3 years ago
13

Balloon paymeants are paymeants that are

Business
1 answer:
Fiesta28 [93]3 years ago
6 0

Balloon payments are the payments that are larger than the others and occurs at the end of the loan term.

Option C

Explanation:

A balloon payment is a substantial amount scheduled for the last of a globular debt, for example mortgage, business loan or other depreciated loan. Close to a refund of an email.

In the standard 30-year home mortgage, a revolving payment is not commonly used.

Payments for balloons are sometimes at least twice as high as the original loan payments. In a declining home market, a ballon payout may be a major issue because sellers may Could not sell their houses as well as before the payment.

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Refer to the scenario to answer the following questions. A government worker surveys a number of households and comes up with th
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If a court ordered you to pay for a pizza that was mistakenly delivered to your home and which you ate, they would be issuing an
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4 years ago
Which of the following is not correct? Select one: a. Taxes levied on sellers and taxes levied on buyers are not equivalent. b.
liq [111]

Answer:

The correct answer is option a.

Explanation:

Taxes levied on either buyers or sellers are equivalent. In both cases, the tax creates a wedge. This wedge is the difference between the price that the buyers have to pay and the price that the sellers receive.  

The price that the buyers have to pay increases while the price that the sellers receive decreases. But this tax wedge does not depend on whom the tax is levied, it depends on the elasticity of demand and supply. So whether the tax is levied on buyers or sellers, the tax wedge will remain the same.

The tax burden will be shared between both buyers and sellers. So it is incorrect to say that the taxes levied on sellers and taxes levied on buyers are not equivalent.

8 0
3 years ago
Martin is offered an investment where for $6000 today, he will receive $6180 in one year. He decides to borrow $6000 from the ba
Effectus [21]

Answer:

maximum interest rate = 3%

so correct option is A) 3%

Explanation:

given data

investment = $6000

receive = $6180

borrow = $6000

to find out

maximum interest rate bank needs to offer on the loan

solution

we consider here maximum interest rate bank needs to offer is = r

so value of investment will be express here as

value of investment = amount to be borrowed × ( 1 + r )    ................1

put here value we get rate r

6180 = 6000 × ( 1 + r )

solve it we get

rate = 0.03

maximum interest rate = 3%

so correct option is A) 3%

3 0
3 years ago
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