All categories

4 years ago

A graduated payment mortgage allows the buyer to ___.

Business

2 answers:

lord [1]4 years ago

8 0

Answer:

c. have low initial payments

Explanation:

I just took the quiz

Tamiku [17]4 years ago

5 0

D. Not have a downpayment.

Due to the nature of the mortgage.

You might be interested in

ranson Inc. has sold product to the Brandywine Company, a major customer, for $20,000. As a courtesy to Brandywine, Branson has

Ahat [919]

Answer: See explanation

Explanation:

The effective price of the transaction to Branson based on the interest rate given will be:

1. PV = FV [PVF6,2] = $10,000(0.89) = $8,900

Therefore, $8,900 + $10,000 = $18,900

Effective Discount will be:

= (20000 - 18900) / 20000 × 100

= 1100/20000 × 100

= 0.055

= 5.5%

2) PV = FV [PVF8,2] = $10,000(0.8573) = $8,573

Therefore, $8,573 + $10,000 = $18,573

Effective Discount will be:

= (20000 - 18573)/20000 × 100

= 1427/20000 × 100

= 0.07135

= 7.135%

3) PV = FV [PVF10,2] = $10,000(0.8264) = $8,264

Therefore, $8,264 + $10,000 = $18,264

Effective Discount will be:

= (20000 - 18264)/20000 × 100

= 1736/20000 × 100

= 0.0868 × 100

= 8.68%

4) PV = FV [PVF12,2] = $10,000(0.7972) = $7,972

Therefore, $7,972 + $10,000 = $17,972

Effective Discount will be:

= (20000 - 17972)/20000 × 100

= 2028/20000 × 100

= 0.1014 × 100

= 10.14%

6 0

3 years ago

A firm's ___________________ are costs that increase as quantity produced increases. These costs often show ___________________

cestrela7 [59]

Answer:

Variable costs; Diminishing marginal returns; Fixed costs; Do not change.

5 0

4 years ago

When a one percent change in price causes a change in quantity demanded greater than one percent, demand for the product is

Hatshy [7]

Answer:

The correct answer is letter "A": relatively elastic.

Explanation:

Elasticity is the characteristic certain goods and services have of experiencing changes in quantity demanded as the prices change. Price elasticity of demand is calculated by dividing the percentage change in quantity demanded by the percentage change in price. If the result is equal to or greater than 1, the demand is elastic.

Demand is relatively elastic when small changes in prices cause large changes in quantity demanded. This happens when the goods or services in reference have many substitutes and the cost of switching providers is low.

Thus, <em>if a 1% change in the price of a given product changes its quantity demanded by more than 1%, the product is relatively elastic.</em>

7 0

3 years ago

You purchased GARP stock one year ago at a price of $67.67 per share. Today, you sold your stock and earned a total return of 18

Svetlanka [38]

Answer:

14.48%

Explanation:

The capital gains yield on the investment is increase in share price divided by the initial price paid to acquire the share a year ago.

The total return formula can be used to figure the price the stock was when sold as below:

total return =P1-Po+D/Po

P1 is the current price which is unknown

Po is the initial price of $67.67

total return is 18.79%

D is the dividend of $2.92

0.1879=P1-67.67+2.92/67.67

0.1879*67.67=P1-64.75

12.72=P1-64.75

P1=12.72+64.75

P1=77.47

Capital gains yield=(77.47 -67.67)/67.67=14.48%

7 0

4 years ago

The In-Tech Co. just paid a dividend of $1 per share. Analysts expect its dividend to grow at 25 percent per year for the next t

djverab [1.8K]

Answer:

Explanation:

D1 = $1(1+0.25) = 1.25

D2 = $1.25(1+0.25) = 1.5625

D3 = $1.5625(1+0.25) = 1.953

D4 = $1.953(1+0.25) = $2.05

Current value = P0 =

= 1.25/(1+0.18) + 1.5625/(1+0.18)^2 + 1.953/(1+0.18)^3 + 2.05/(0.18-0.05) * (1+0.18)^(-3) =

=$12.96

Current value of the stock is 12.96

6 0

4 years ago