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
Vika [28.1K]
3 years ago
15

Janice wants to get a mortgage for her new vacation condo. She pays $56,000 for the condo and has a 7% interest rate for a 7-yea

r term. Under the terms of the mortgage, Janice pays interest only until the final payment when the principal is paid off. What type of loan is this?
Business
1 answer:
N76 [4]3 years ago
3 0

Answer:

It is a Bullet Loan

Explanation:

A bullet loan is a type of loan in which the principal that is borrowed and sometimes with the interest are paid back at the end of the loan period by the borrower.

Essentially, the flexibility in the terms mean that a borrower is going to be saving a large payment until the end of the repayment period and with this borrowers can get access to loans they wouldn't have been  able to afford if such  flexibility doesn't exist.

However, this type of loan can be extremely risk for the borrower especially if things didn't go as planned.

dfasdfsafasefddsaf
3 years ago
No that is all wrong
dfasdfsafasefddsaf
3 years ago
It's a butt buisness loan LUL
You might be interested in
A local distributor for a national tire company expects to sell approximately 9,530 tires of a certain size and tread design nex
Dahasolnce [82]

Answer:

the economic order quantity is 313 units

Explanation:

The computation of the economic order quantity is shown below:

= sqrt( 2 ×annual demand × ordering cost)  (carrying cost)

= sqrt(2 × 95,30 × $72) ÷ $14

= 313 units

hence, the economic order quantity is 313 units

The same should be considered and relevant

4 0
3 years ago
When the cost method is used to account for an investment, the carrying value of the investment is affected by a.the earnings an
Dmitrij [34]
Dividends of the invested
6 0
3 years ago
Along a straight line downward sloping demand curve, elasticity is Constant but its value cannot be determined without measureme
N76 [4]

<u>Answer:</u>

<em>(A) Constant and equal to an absolute value of one</em>

<em></em>

<u>Explanation:</u>

The elasticity is diverse at each point on a demand curve with a consistent slope. The reason is that the "slope and elasticity" are various ideas. Incline estimates the steepness or evenness of a line as far as the estimation units for cost and amount. Elasticity determines the general reaction of the number of changes in price. Elasticity is diverse for each section on the interest bend. Although the slant is steady for this straight-line request bend, Elasticity is NOT.

4 0
3 years ago
Suppose that in the fictional country of Albireo the work-eligible population is 180 million, there are 110 million workers in t
maksim [4K]

Answer:

6.36 %

Explanation:

Unemployment means the state of being jobless but actively searching for work.  Unemployed people are part of the labor force.

In the case of Albireo, the work-eligible population is 180 million.

There are 110 million workers in the labor force, and employment level is 103 million. It means that those in the labor force and are not employed are 110 million - 103 million.

The number of unemployed people  = 7 million

The formula for calculating the rate of unemployment

= No. of unemployed people / No. in the labor force x 100

=7 million / 110 million x 100

=7/110 x 100

= 0.063 x 100

=6.36 %

8 0
3 years ago
Assume that Lucas's marginal tax rate is 32 percent and his tax rate on dividends is 16 percent. If a dividend-paying stock (wit
kipiarov [429]

Answer:

The correct answer to the problem is 7.728%

Explanation:

Lucas marginal tax rate = 32 percent

Tax rate on dividends = 16 percent

Dividend yield of a dividend-paying stock (with no growth potential) = 9.20 percent.

To determine the interest rate a municipal bond have to offer for Lucas to be indifferent between the two investments from a cash flow perspective =

Dividend yield multiplied by ( 1- tax rate on dividends)

= 9.20% × (1 - 16%)

= 0.092 × (1 - 0.16)

= 0.092 × 0.84

= 7.728%

3 0
3 years ago
Other questions:
  • What is the largest organizational level found in one coral reef?
    10·1 answer
  • If the price of good X rises and the demand for good X is elastic, then the percentage __________ in quantity demanded is ______
    9·1 answer
  • If you rent a car, you can (1) return it with a full gas tank, (2) return it without filling it and pay $5.20/gallon, or (3) acc
    15·1 answer
  • Bayside Coatings Company purchased waterproofing equipment on January 2, 20Y4, for $190,000. The equipment was expected to have
    6·1 answer
  • Clementine Company makes skateboards. They prepare master and flexible budgets and then perform variance analysis after the budg
    13·1 answer
  • Project Q has an initial cost of $211,415 and projected cash flows of $121,300 in Year 1 and $176,300 in Year 2. Project R has a
    9·1 answer
  • Nan and Neal are twins. Nan invests $5,000 at 7 percent at age 25. Neal Invests $5,000 at 7 percent at age 30. Both investments
    10·1 answer
  • When budgeting for your immediate needs you should divide them into what two categories of expenses
    8·1 answer
  • Johan is a 25-year-old, single taxpayer with modified adjusted gross income of $18,500. During Tax Year 2020, he made a $2,000 c
    15·1 answer
  • An equitable remedy requiring exactly the performance that was specified in a contract; usually granted only when monetary damag
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!