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
Readme [11.4K]
4 years ago
8

Mortgage preapproval means a lender has agreed to loan you a set amount of money as long as you meet certain conditions.

Business
1 answer:
zmey [24]4 years ago
5 0

Answer: True,

Preapproval is when the lender guarantees to loan you a set amount of money, so long as you meet certain conditions and the home meets their requirements.

To be pre-approved for a mortgage means that a bank or lender has investigated your credit history and determined that you would be a suitable candidate for a mortgage.

You might be interested in
Which of the following statement(s) is/are False? Assume a positive interest rate
gtnhenbr [62]

Answer:

False Statement:

B. Only II is False.

Explanation:

If the cash flow from a project is farther out, the present value will be lower, all else being equal.  This is because of the time value of money.  This concept states that the money you receive today is higher in value than the same amount received in the future.  And if the future is father out, then the value of the money will continue to reduce in relative value based on this time value of money concept.

5 0
3 years ago
Bretton, Inc., just paid a dividend of $3.15 on its stock. The growth rate in dividends is expected to be a constant 5 percent p
ArbitrLikvidat [17]

Answer:

$74.58

Explanation:

The price of share of the Bretton Inc in the given question shall be the present value of all the dividends associated with this share in the future years.

Present value of year 1 dividend=3.31(1+13%)^-1=$2.93

(3.15*1.05)

Present value of year 2 dividend=3.48(1+13%)^-2=$2.73

(3.31*1.05)

Present value of year 3 dividend=3.65(1+13%)^-3=$2.53

(3.48*1.05)

Present value of year 4 dividend=3.83(1+11%)^-4=$2.52

(3.65*1.05)

Present value of year 5 dividend=4.02(1+11%)^-5=$2.39

(3.83*1.05)

Present value of year 6 dividend=4.22(1+11%)^-6=$2.26

(4.02*1.05)

Present value of all the cash flows after 6 year=$59.22

[4.22(1+5%)/(9%-5%)]*(1+11%)^-6

Price of share                                                         $74.58                                                

6 0
3 years ago
which detail develop the central idea by giving examples of ways the utopians make gold with silver less valuable check all that
Ksivusya [100]

Answer:

The Utopians make chamber-pots out of gold and The Utopians use gold to chain enslaved people.

7 0
3 years ago
One key characteristic that is distinctive of an oligopoly market is that Group of answer choices the demand curve facing each f
lawyer [7]

Answer:

The decisions of one seller often influence the price of products, the output, and the profits of rival firms.

Explanation:

An oligopoly is a market structure where there are only a few sellers. Therefore, around two or more firms have control over the market. Collectively, they can influence the prices and supply.

This ultimately results in high-level competition between these sellers. Since there are a few sellers in the oligopoly structure, each of these company's profit levels not only depends on the decisions made by them but also on the decisions made by their rival firms.

Hence, option no. 3 "the decisions of one seller often influence the price of products, the output, and the profits of rival firms" is correct.

7 0
3 years ago
A federal payroll tax that supports retired workers is
Firlakuza [10]

Answer:

A federal payroll tax that supports retired workers is "social security tax". A Social Security tax is the duty demanded on the two managers and workers to finance the Social Security program. Social Security tax is generally gathered as finance assessment or independent work charge.

Explanation:

deserve a brainliest answer.

7 0
3 years ago
Read 2 more answers
Other questions:
  • On April 1, Griffith Publishing Company received $33,480 from Santa Fe, Inc. for 36-month subscriptions to several different mag
    6·1 answer
  • What action would the the Federal Reserve Bank take to increase money supply/circulation?
    13·1 answer
  • Assume you have two projects with different lives. Project A is expected to generate present value cash flows of $5.2 million an
    11·1 answer
  • Direct Materials and Direct Labor Variance Analysis
    14·1 answer
  • Which of the following statements regarding the direct and indirect methods of reporting cash flow from operating activities is
    5·1 answer
  • Diego's company was bidding on the construction of a new penguin display at a zoo. When putting together his bid, Diego began by
    7·1 answer
  • Juliette formed a new business to sell sporting goods this year. The business opened its doors to customers on June 1. Determine
    9·1 answer
  • Alex Smith rents storage space to college students who go home for the summer but do not want to haul all of their property home
    6·1 answer
  • Which of these companies is taking advantage of the globalization of production?
    10·1 answer
  • What is the function of the ppi
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!