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
mars1129 [50]
3 years ago
13

A woman bought a home. The asking price for the home was $585,000; the woman offered $565,000 and the seller accepted. The appra

ised value of the home is $560,000. The woman plans to pay $94,600 in cash and take out a mortgage for the remainder. What is the LTV for this property
Business
1 answer:
omeli [17]3 years ago
7 0

Answer:

The multiple choices are as follows:

A: 82%

B: 83%

C: 84%

D: 85%

The correct option is C,84%

Explanation:

Loan-to-Value ratio(LTV)=loan amount/appraised value of the property

the price paid for the property was $565,000,out of which the buyer paid $94,600 from her pockets and borrowed the remainder,the remainder that was borrowed is computed thus:

amount borrowed=sales value-cash

                            =$565,000-$94,600=$470,400

The appraised value of the property is $560,000

LTV=$470,400/$560,000=0.84

The property loan to value ratio is 84%

You might be interested in
lord penrose a financial analyst for the equitable life insurance society has just been asked to evaluate two mutually exclusive
spin [16.1K]

Answer:

The Equitable Life Assurance Society (Equitable Life), founded in 1762, is a life insurance ... Lord Penrose's 2004 Equitable Life Inquiry found that the company had made ... Both types of bonus were allocated at the discretion of the directors in ... between a fixed Guaranteed Annuity Rate (GAR) or the Current Annuity Rate ...

Explanation:

4 0
3 years ago
Which of the following has made communication within teams more difficult in recent years?
Dovator [93]

Answer:

B. an increasingly global society

Explanation:

Communication may be explained as the exchange of information and messages between two or more people ; the sender which initiates the communication process and the receiver who responds to the initiated message. This means communication is an important between team members and any impairment in the communication process will be make the team less effective. Technology has helped in creating a wide range of communication means. However, the growing level of interdependence or globalization in the society whereby effectiveness of most processes is no more independent, such that the failure or one system will invariably affect the other causes a significant setback whenever such problem occurs.

4 0
3 years ago
What is the present value of a $400 perpetuity if the interest rate is 7%? If interest rates doubled to 14%, what would its pres
s2008m [1.1K]

Answer:

present value = $57.14.28

present value = $2857.13

Explanation:

given data

perpetuity value  = $400

interest rate = 7% = 0.07

interest rate = 14% = 0.14

to find out

What is the present value

solution

we get her present value that is express as

present value = \frac{perpetuity}{rate}   ............1

put here value for rate 7% and 14%

present value = \frac{400}{0.07}

present value = $57.14.28

and

present value = \frac{400}{0.14}

present value = $2857.13

8 0
3 years ago
Google this for me: What is professional development?
ivanzaharov [21]
Professional development<span> is learning to earn or maintain </span>professional<span> credentials such as academic degrees to formal coursework, conferences and informal learning opportunities situated in practice. It has been described as intensive and collaborative, ideally incorporating an evaluative stage. 

I hope this helps you

</span>
7 0
3 years ago
On June 1 of the current year, Cross Corp. issued $300,000 of 8% bonds payable at par with interest payment dates of April 1 and
Licemer1 [7]

Answer:

$6,000

Explanation:

The computation of the interest expense is shown below:

= Total amount borrowed × interest rate × number of months ÷ total months in a year

= $300,000 × 8% × 3 months ÷ 12 months

= $6,000

The three months is calculated from October 1 to December 31

We have to apply the simple interest formula so that the accurate amount can come.

6 0
3 years ago
Other questions:
  • Which is not a determinant of demand?
    9·2 answers
  • Michigan Mattress Company is considering the purchase of land and the construction of a new plant. The land, which would be boug
    8·1 answer
  • While George travels for two months, Mary agrees to housesit and care for George's three horses at her stables. The parties agre
    7·1 answer
  • Maldovar Company is considering purchasing a new machine to replace a machine purchased one year ago that is not achieving the e
    14·1 answer
  • A free rider problem arises when_________.
    11·1 answer
  • Suppose there are two cities that have rent controlled apartments. In one city (Albany) all apartments are subject to rent contr
    11·1 answer
  • For 2012 Fielder Corporation reported net income of $30,000; net sales $400,000; and average share outstanding 12,000. There wer
    6·1 answer
  • &amp;Isquo The long coastline of India provides it a strategic location &amp;rsquo. Explan​
    9·1 answer
  • Check all answers that apply. Based on the model output, we can say that both the size of the move (CuFt) and number of large fu
    15·1 answer
  • Under the UCC Sales Article, which of the following statements is correct concerning a contract involving a merchant seller and
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!