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kykrilka [37]
3 years ago
15

Which of the following types of mortgages is unlikely to be held by a life insurance company? a. one to four family b. farm rela

ted c. commercial d. multifamily e. All of these choices are likely to be held by a life insurance company.
Business
1 answer:
Zepler [3.9K]3 years ago
4 0

<em>Answer</em>:

<u>b. farm related</u>

Explanation:

<em>Remember</em>, a Life insurance company provides a certain level of compensation in the event of loss to subscribers of it's policy, it is focused on premiums that cover persons (not farm related losses).

If it involves farm related insurance then it is not the focus area of the life insurance company.

You might be interested in
If the government and Central Bank don't use economic policy, what could happen?
Bumek [7]

Answer: D. All of the above

Explanation:

Economic policies are the policies athat are out in place by the government in order to control economic activities.

These policies are used to reduce inflation, provide employment opportunities, increase standard of living, encourage economic growth etc.

If the government and Central Bank don't use economic policy, that s cs lead to inflation, increase in unemployment and fall in the GDP.

Therefore, the answer is option D

4 0
2 years ago
Ann got a 30 year FRM with annual payments equal to $12,000 per year. After 2 years of payments Ann will refinance the balance i
IrinaK [193]

Answer:

Ann s annualized IRR from refinancing is -0.0960

Explanation:

A / 1 B                                               C          D E F G H

2 Ann        

3 FRM duration in years                 30      

4 Annual payment $                    12,000      

5 Total Payments for 30 years        $360,000    

6 Payments made for                 2             years    

7 Payment amount for 2 year         $24,000      

8     after two years FRM outstanding  $336,000    

9        

10 Refinancing is done for                  28               years    

11 Annual payment                          $10,000      

12 Total Payments for 28 years $       280,000    

13 Refinancing Cost                           $2,500      

14 Total amount of cost                   $282,500    

15 Balance outstanding before refinancing   336,000    

16 Amount saved at the end of 2nd year   $53,500     period cashflow cash payment  cost of refinance prepayment NetFlow

0     360,000                                                    360,000

1                  (12,000.0)                                   (12,000)

2                              (12,000.0)       (2,500)                   (14,500)

3    280,000.0  (10,000)                                (336,000) (66,000)

4                   (10,000)                                                   (10,000)

5                              (10,000)                              (246,000) (256,000)

    640,000 (54,000)                (2,500)     (582,000)        1,500

IRR = -0.0960%

Therefore, Ann s annualized IRR from refinancing is -0.0960

3 0
2 years ago
Riverboat Adventures pays $170,000 plus $14,000 in closing costs to buy out a competitor. The real estate consists of land appra
damaskus [11]

Answer:

Total cost allocated to building = $66,240

Explanation:

Given:

Total amount pay = $170,000 + $14,000 = $184,000

Land appraised amount = $22,000

Building appraised amount = $79,200

Paddleboats appraised price = $118,800

Find:

Total cost allocated to building

Computation:

Total appraisal price = Land appraised amount + Building appraised amount  + Paddleboats appraised price

Total appraisal price = $22,000 + $79,200 + 118,800

Total appraisal price = $220,000

Total cost allocated to building = [Total amount pay / Total appraisal price]Building appraised amount

Total cost allocated to building = [184,000/220,000]79,200

Total cost allocated to building = $66,240

8 0
3 years ago
Select all the items that have an 8 hour hold time whataburger
aleksandrvk [35]

The items that have an 8 hour hold time are

  • Pizza sauce (hot line)
  • Red sauce (hot line)
  • Nacho cheese (hot line)
  • Tea

<h3>What is Hold Time? </h3>

Hold time is known to be a term that connote  the full length or amount of time a caller is said to often spends in an agent- started hold status.

In  ServSafe, it states that the time that is need is said to be 4 hours as the maximum length of time in regards to ready-to-eat foods and this is one that can stay in the temperature danger zone.

Hence, The items that have an 8 hour hold time are

  • Pizza sauce (hot line)
  • Red sauce (hot line)
  • Nacho cheese (hot line)
  • Tea

Learn more about hold time from

brainly.com/question/26090203

#SPJ1

3 0
1 year ago
You are given the following information for Watson Power Co. Assume the company’s tax rate is 24 percent. Debt: 14,000 6.3 perce
Alenkinab [10]

Answer:

10.18%

Explanation:

The computation of the WACC is shown below:

But before that following calculation is to be done

The value of debt is

= 14000 × $1,000 × 107%

= $14,980,000

The value of equity is

= 470,000 × $65

= $30,550,000

The value of preferred stock is

= 20,500 × $86

= $1,763,000

Now

value of total capital is

= $14,980,000  + $30,550,000 + $1,763,000

= $47,293,000

Now we find the cost of debt using excel function i.e.

= RATE(nper,pmt,pv,fv)) × 2

= RATE(29 × 2,1000 × 6.3% ÷ 2,-1000 × 107%,1000)) ×2

= 5.80%

Now  

Cost of common stock is

= 5.2% + 1.16 × 7%

= 13.32%

cost of preferred stock is

= (100 × 4.1%) ÷ 86

= 4.77%

Now finally  

WACC = weight of debt × cost of debt ×(1 - tax rate) + weight of equity × cost of equity + weight of preferred stock ×cost of preferred stock

= ($14,980,000 ÷ $47,293,000) × 5.80% × (1  - 24%)+($30,550,000 ÷ $47,293,000) × 13.32% + ($1,763,000 ÷ $47,293,000) ×4.77%

= 10.18%

5 0
2 years ago
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