1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Bad White [126]
3 years ago
7

Karen and Jay need a larger home. They have two large dogs and a baby on the way. One day in the real estate section, they see t

heir dream home. The couple view the home that very day, make an offer, and it's accepted. There's only one problem: They haven't even put their home on the market. Which type of loan gives Karen and Jay their best option of paying two mortgages until their current home sells?
Business
1 answer:
juin [17]3 years ago
6 0

Answer: BRIDGE LOAN

Explanation: As the name says the bridge loan are the type of loans that bridge the difference between the new home of the buyer and the new mortgage in case the buyers existing home hasn't been sold yet. It is a type of short term loan, the usual time period for such kinds of loan is 2 weeks to 3 years.

In this case Karen and Jay have purchased the new house but sale of their old house is still pending thus from the above explanation we can conclude that bridge loan would be appropriate for them.

You might be interested in
When are monopolies good?
zlopas [31]

Answer:

When Monopolies Are Good. Sometimes a monopoly is necessary. It ensures consistent delivery of a product or service that has a very high up-front cost. An example is electric and water utilities. Brainliest Please

Explanation:

3 0
3 years ago
Read 2 more answers
You just started your first job today. Besides your 401K, you are planning to save $3,000 a year for 40 years for your retiremen
umka21 [38]

Answer:

The correct answer is 777.169.56.

Explanation:

According to the scenario, the given data are as follows:

Payment per year (PMT) = $3,000

Time (N) = 40 years

Rate of interest (R)= 8%

So, the future value of the following can be calculated by using the following formula:

Future value = PMT × \frac{((1+r)^{n} -1)}{R}

Now, put the value of the following in the formula. then,

= 3,000 × \frac{((1+8/100)^{40} -1)}{8/100}

= 3,000 × 259.0565

= 777,169.56

Hence, the value in the account after 40 years will be 777,169.56.

6 0
3 years ago
Calculate the yield to maturity (YTM) for a one-year bond with a purchase price of $8,000, a face value of $10,000, and a curren
Mazyrski [523]

Answer:

yield to maturity YTM = 35%

Explanation:

given data

purchase price = $8,000

face value = $10,000

current yield = 10%

solution

we get here yield to maturity YTM

so first we get Annual Coupon by current yield that is express as

Current yield = annual coupon  ÷ current price   ..............1

put here value we get

Annual Coupon = 10 % ×  8,000

Annual Coupon = $800

now we get YTM by purchase price  that is  

purchase price = Annual Coupon ÷ ( 1+YTM ) + face value ÷ ( 1+YTM )  .......2

put here value we get

8,000 =  \frac{800}{1+YTM} +\frac{10000}{1+YTM}

solve it we get

yield to maturity YTM = 35%

5 0
3 years ago
What is the customer demand in the uk for international foods?<br><br> need a detailed answer please
Romashka [77]
UK cuisine is largely international, with curry (for instance) being the most popular foodstuff in the UK, originating from Asia.

As Hungarian, Italian, Greek, Indian, French, Chinese, Vietnamese, Mongolian, and any number of other exotic food outlets are thriving in London, for instance, it would suggest that customer demand for these foodstuffs is enough to sustain business.

A large number of mixed Polish/Halal grocery shops have opened in areas of South London in recent years, catering to an increased number of workers and immigrants from the Middle-East and Eastern Europe.

The good old Fish'n'Chips shop is still going strong.

Many have expanded their menu to include kebabs - only fair, as kebab shops tend to sell chips too...
5 0
3 years ago
A(n) is a long-term contract under which a borrower agrees to make payments of interest and principal on specific dates. There a
LenaWriter [7]

Answer:

Bond,treasury

Explanation:

A bond refers to the contract between borrower and lender stipulating that the borrower must pay periodic interests and principal on specified dates .

The interest is also known as coupon payment has fixed  rate usually  quoted in the bond agreement which could be paid annually or semi-annually to te lenders.

Treasury refers to the bond issued by the national government such as the U.S government and carries a lower rate of return as the risk attached too is low ,hence lower risk brings about lower return since the government is not likely to default in discharging its obligations

8 0
3 years ago
Other questions:
  • What are some of the differences between a bank and a credit union
    10·1 answer
  • The cases of Enron and Bernard Madoff go beyond a question of ethics because in both cases ________. no harm was intended and th
    9·2 answers
  • Explain how investing in training reflects two of the principles of Locke's goal setting theory...
    9·1 answer
  • Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact that _
    13·1 answer
  • One country refuses to sell goods to its neighboring country based on the belief that the neighboring country harbors radicals a
    9·1 answer
  • Suppose the price of the product that labor is producing increases and simultaneously the price of capital, which is substitutab
    5·1 answer
  • Given the following historical demand and forecast, calculate the Mean Absolute Percentage Error: Week 1 Demand: 50 Forecast: 49
    14·1 answer
  • The table shows an indifference schedule for several combinations of x and y. Approximately how much of y is the consumer willin
    11·1 answer
  • What is a sales forecast?
    5·1 answer
  • UNIT 3 MACROECONOMICS POS... Question 5 V Pause Q ABC Question 5
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!