Answer:
The statement that is false about mortgage loans is Advertised rates are annual percentage rates.
Explanation:
Mortgage loan refers to a loan that uses real estate as collateral to receive cash upfront to be redeemed after the loan repayment is completed. if the loan is not remitted as at when due , the lender lays claim to the real estate property.
By increasing the number of payments per year you increase your effective borrowing rate.
When you use a spreadsheet to calculate your interest rates, it uses the periodic interest rate, not the annual percentage rate.
You can find a monthly payment by dividing the annual payment by 12.
However, advertised interest rate are not the same as your loan's annual percentage rate (APR) because other charges like mortgage insurance, closing costs, discount points and loan origination fees apply.
Answer:
C) 42%; 11%
Explanation:
The total calories in one Planters NUT-rition Cranberry Almond Peanut bar =
- fats: 35 grams x 23% x 9 calories = 72.45 calories
- carbohydrates: 35 grams x 57% x 4 calories = 79.8 calories
- proteins: 35 grams x 14% x 4 calories = 19.6 calories
- total 171.85 calories
percent calories from fat = 72.45 calories / 171.85 calories = 0.4216 x 100 = 42.16% ≈ 42%
percent calories from protein = 19.6 calories / 171.85 calories = 0.1141 x 100 = 11.41% ≈ 11%
Answer:
the bad debt expense that reported in the income statement is $2,300
Explanation:
The computation of the bad debt expense that reported in the income statement is as follows;
= Total estimated uncollectible accounts - unused balance
= $3,200 - $900
= $2,300
Hence, the bad debt expense that reported in the income statement is $2,300
The term you are looking for is <span>maximum possible loss.</span>
