All categories

3 years ago

In a mortgage, the amount of money borrowed is called the_______.

Business

2 answers:

topjm [15]3 years ago

6 0

Answer:

Loan principal

Explanation:

A mortgage refers to a loan people make to get funds in which real estate is used as a collateral and the borrower has to pay back following a plan of payments that includes the loan principal and the interest. The loan principal is the amount you borrow and it goes down when you make your payments and the interest is the money you have to pay for the amount you borrowed. According to this, in a mortgage, the amount of money borrowed is the loan principal.

Rashid [163]3 years ago

5 0

No answer choices......

In a mortgage, the amount of money borrowed is called the Loan principal, or just a loan.

You might be interested in

The city of Jacksonville, Florida is issuing $100,000,000 of general obligation bonds paying interest on January 1st and July 1s

Yuri [45]

Answer: Odd first interest payment

Explanation: The Interest paid on the first installment is a odd first Interest payment. Such scenario comes into play when a loan with a fixed installment payment date, which is 6 months in this case (January 1st and July 1st), begins on a date which does not allow the immediate use to f this regular payment schedule. Hence, the odd first Interst payment is adopted in other to enable the lender cove r the initial period before beung able to use the usual regular payment schedule. In this case the odd first Interest schedule is between June 1st to January 1st. After which regular payment schedule commences on July 1st.

5 0

2 years ago

In the context of performance management, which term refers to a measure that obtains consistency of results over time?

kherson [118]

Test retest reliability

The performance management,term refers to a measure that obtains consistency of results over time.

It also carries the idea of performance appraisal through which more work can be achieved by rewarding the personnel who achieve their targets on time and show their results.

It helps optimize the performance to obtain consistency over the time with providing feedback and improvement in the performance. Psychometrics tests and evaluation test are used for improvement of employee performance. Several policies and procedures are also implemented for their welfare.

To learn more about performance management here,

brainly.com/question/16927603

#SPJ4

5 0

1 year ago

Bezakan tiga ciri antara Tarif dengan kuota

jek_recluse [69]

Itulah perbezaan antara tarif dan kuota.

Maaf lah bila tak saya tulis kat sini, sebab tak boleh hantar jawaban.

Semoga membantu dan bermanfaat :)

3 0

3 years ago

Johnson Corporation unadjusted trial balance at year-end include the following accounts. Compute the uncollectible account expen

Alborosie

Answer:

Explanation:

The journal entries are shown below:

A. Uncollectible Expense A/c Dr $11,520

To Allowance for doubtful accounts A/c $11,520

(Being the uncollectible expense is recorded)

The computation is shown below:

= $1,152,000 × 1%

= $11,520

B. Uncollectible Expense A/c Dr $12,960

To Allowance for doubtful accounts A/c $12,960

(Being the uncollectible expense is recorded)

The computation is shown below:

= $1,152,000 × 1.5% × 75%

= $12,960

C. Uncollectible Expense A/c Dr $9,816

To Allowance for doubtful accounts A/c $9,816

(Being the uncollectible expense is recorded)

The computation is shown below:

= $12,000 - $2,184

= $9,816

5 0

2 years ago

A new assessment tool does a good job of differentiating those who later will be depressed and those who will not be depressed,

Marina CMI [18]

Answer:

A. predictive validity.

Explanation:

The tool has predictive-validity because it can assess, or predict, out of a sample, which subjects will be depressed in the future, and which subjects will not, producing similar results to other tools that also measure depression, something that gives it credibility.

8 0

3 years ago