Answer: $1,177
Explanation:
First we calculate the Monthly service fee by the formula,
Monthly servicing fee = Monthly servicing fee rate * Outstanding loan balance,
The service fee is 35 basis points which translates to 0.35 % and is an annual figure so we will adjust it to a monthly one,
= (0.35%/12) * $250,000
= $72.92
To calculate amount that passes through to the mortgage pass we do,
Mortgage pass-through amount = Monthly mortgage payment - Monthly servicing fee
= $1,250 - $72.92
= $1,177.08,
= $1,177
$1,177 is the income that will pass through to the investor in the mortgage pass through each month
Answer:
D
Explanation:
customer must be sent a copy of the official statement, if available
<h3>Question:</h3>
•explain six Differences between private and public company.
Answer:
•In most cases, a private company is owned by the company's founders, management, or a group of private investors. A public company is a company that has sold all or a portion of itself to the public via an initial public offering.
Explanation:
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Answer:
The correct answer is option (B) perfectly inelastic
Explanation:
It is a known facts that anytime tax is imposed on any goods at any given time, the tax falls totally on the consumers provided the elasticity of demand is zero.
Since increase in tax doesn't affect the demand for goods and services, and no matter the increment in price from the supplier, the demand remains the same. Therefore, the demand curve for goods Y is said to be perfectly inelastic.
