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slega [8]
3 years ago
10

Find the loan to loan ratio for a home appraised at 583,620 that the buyer will purchase for 585,000.

Business
1 answer:
adelina 88 [10]3 years ago
6 0

I assume you mean loan to value ratio. It is a simple ratio: Loan amount divided by the value of the home.

In this instance, this would be 585,000/583,620= loan to value ratio

Most banks like to see no more than a 90% loan to value ratio. This ratio helps the bank know the risk they are incurring by lending you the money to buy the home. The lower the loan to value ratio, the easier it will be for the bank to recoup their investment, therefore usually equals a lower interest rate for the buyer.

In this instance, the loan is more than the value of the home which makes this a risky investment for the bank.


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3 years ago
According to this case study, what is an upcoming key technology that will be used in retail stores to improve customer service?
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Answer:

 

1. According to the case study (copy attached) "the upcoming technology that will be used in retail stores to improve customer service is the Scan As You Go Mobile Devices".

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Cheers!

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5 0
3 years ago
Navarro, Inc., plans to issue new zero coupon bonds with a par value of $1,000 to fund a new project. The bonds will have a YTM
pogonyaev

Answer:

Bond Value is $347.30

Explanation:

Zero coupon bond does not offer any return on the bond that's why it is issued on deep discount value.

Number of years = n = 20 years

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YTM = 5.43%

Price of the Bond = [ F / ( 1 + r )^n ]

Price of the Bond =[ $1,000 / ( 1 + 5.43% )^20 ]

Price of the Bond =[ $1,000 / ( 1.0543 )^20 ]

Price of the Bond = 347.30

4 0
3 years ago
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