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3 years ago

13

What causes a mortgage foreclosure?

2 answers:

Troyanec [42]3 years ago

4 0

Foreclosure occurs when the borrower is no longer making the mortgage loan payments on time and in full.

Nikitich [7]3 years ago

3 0

A mortgage foreclosure happens when a company doesn't pay its montage on time.

A mortgage foreclosure is caused by repeated failure to pay or modify a mortgage.

Foreclosure is a legal process that goes through the courts.

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4 years ago

What is the present value of a security that will pay $34,000 in 20 years if securities of equal risk pay 8% annually? Round you

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Answer:

present value = $7296.14

Explanation:

given data

future value = $34,000

time t = 20 year

rate r = 8% = 0.08

solution

we apply here future value formula for get present value that is

future value = present value × $(1+r)^{t}$ .....................1

put her value and we get

$34,000 = present value × $(1+0.08)^{20}$

present value = $\frac{34000}{1.08^{20}}$

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3 years ago