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
Andre45 [30]
3 years ago
9

The Truth-in-Lending Act gives debtors the right to rescind certain transactions for a period of ______ business days from the d

ate of the transactions or from the date they are given the notice of their right to rescind, whichever is later.
Business
1 answer:
inysia [295]3 years ago
3 0

Answer:

three

Explanation:

The Truth-in-Lending Act (TILA) applies to home loans. It requires lenders to disclose all costs related to a home loan, provides rescission rights for some transactions, and impose restrictions on home equity credits. But the TILA cannot set the interest rates or other fees charged by the lender, it only requires the lender to disclose the complete information, e.g. APR, monthly payments and amount financed.

You might be interested in
If you live in an area where the cost of living is increasing, the area you live in is likely experiencing:
Citrus2011 [14]

Answer:

B Inflation

Explanation:

8 0
3 years ago
The Johnson Family is looking to buy a new house on Belmont Road. Their insurance deductible is increased by $500 if they live m
user100 [1]

Answer:

a) Absolute Value Inequality => Absolute(0 + y) < 2

b) -2 < y < 2

Which means, Johnson Family has to live within the range of -2 to +2 from the fire department. Otherwise, they will have to pay 500 USD as increased deductible.

Explanation:

<u><em>Johnson Family has to live within the range of -2 to +2 from the fire department. </em></u>

<em>a) Absolute Value Equation:</em>

Absolute(0 + y) < 2

where y represent the location of the new house and 0 represents the location of the fire department.

Furthermore,

<em>Absolute(0 + y) < 2 = (0 + x) < 2 when (0 + y) is +ve. </em>

and

<em>Absolute(0+y) <2 =  -(0 + x) < 2 when (0 + y) is -ve. </em>

b) When (0 + y) is +ve,

we have,  (0 + y) < 2.

<em>Solving for y and subtracting 0 from both sides. </em>

0-0 + y < 2 - 0

<em>y < 2</em>

and when (0 + y) is -ve,

<em>we have, - (0 + y) < 2. </em>

Solving for y:

- 0 - y < 2

multiplying negative from both sides

<em>y > - 2</em>

<em>So, we have -2 < y < 2 </em>

<em>Johnson Family has to live within the range of -2 to +2 from the fire department. Otherwise, they will have to pay 500 USD as increased deductible. </em>

7 0
3 years ago
B.F. Goodrich has been manufacturing and marketing automotive tires for over one hundred years. It spends much of its marketing
hjlf

Answer:

maturity

Explanation:

Based on the information provided within the question it can be said that the tires are in the maturity stage of their product life cycle. This is the longest stage in the product life cycle in which the introduction and growth stages has already passed and the product advertisements have minimal impact on sales since people have already seen the product. This seems to be the case since Goodrich has sold it's tires for more than a hundred years and only focuses on short term marketing.

8 0
3 years ago
Ben and Jerry were shareholders of Water Ice Inc., an S corp. On Jan. 1, 1998, Ben owned 40 shares and Jerry owned 60 shares. Be
expeople1 [14]

Answer: $15,060

Explanation:

From the question, we are informed that Ben and Jerry were shareholders of Water Ice Inc., an S corp. On Jan. 1, 1998, Ben owned 40 shares and Jerry owned 60 shares.

We are further told that Ben sold his shares to Joe for $10,000 on March 31, 1998 and that the corp. reported a $50,000 loss at the end of 1998. The loss that will be allocated to Joe will be:

= $50,000 × 40% × 9/12

= $50,000 × 0.4 × 0.75

= $15,000

The closest figure we have close to that is $15,060 which is option B

7 0
3 years ago
You just inherited a trust that will pay you $100,000 per year in perpetuity. However, the first payment will not occur for exac
allsm [11]

Answer:

PV= $620,921.32

Explanation:

Giving the following information:

Cash flow (Cf)= $100,000

Interest rate (i)= 7.25%

<u>First, we need to calculate the value of the investment at the moment of the first payment (five years from now). </u>To calculate the present value we need to use the following formula:

PV= Cf / i

PV= 100,000 / 0.1

PV= $1,000,000

<u>Now, the value today:</u>

PV= FV / (1 + i)^n

PV= 1,000,000 / (1.1^5)

PV= $620,921.32

8 0
3 years ago
Other questions:
  • Closing entries may be prepared from all of the following except
    14·1 answer
  • Dexter Industries purchased packaging equipment on January 8 for $98,000. The equipment was expected to have a useful life of th
    13·1 answer
  • Income allocation in a partnershipKramer and Knox began a partnership by investing $60,000 and $80,000, respectively. During its
    5·1 answer
  • Assume you invest money in a bond that will pay you $250,000 in four years. the bond has an annual interest rate of 5%. you do n
    5·1 answer
  • A perfectly competitive firm: A) will budget money to advertise its product. B) can adjust the price of the product so that it s
    8·1 answer
  • Sarah, an hr executive, observes that telework or telecommuting has been a rising trend. she considers developing a policy to al
    6·1 answer
  • Sally, the manager at a large restaurant chain, was just given information from the corporate office on how to increase sales in
    15·2 answers
  • Bodin Company manufactures finger splints for kids who get tendonitis from playing video games. The firm had the following inven
    10·1 answer
  • What are some actions that may be taken by a nation to reduce interest rates in a country?
    9·1 answer
  • A stock you own earned: $200, $500, $100, and $700 over the last four years. What was the mean annual gain in value over the fou
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!