Ask question

Ask question

All categories

3 years ago

15

If you were buying a home valued at $215,000, what is the minimum down payment you would need in order to avoid paying private m

ortgage insurance (pmi)? pmi is requested to protect the lender from potential default loss when there is insufficient equity in a home.

1 answer:

Rudik [331]3 years ago

3 0

$43,000

To avoid paying PMI, you need to pay a minimum 20% down payment.

.2*215,000 = 43,000

You might be interested in

If management identifies even one material weakness in internal control, then management will conclude that the organization’s i

solong [7]

Answer:

Statement is true

Explanation:

Internal control over financial reporting was designed to give assurance related to financial statements preparation and authenticity of financial reporting.

Material weakness refers to inefficiency in internal control which could lead to misstatement in financial statement thereby making financial reporting unreliable. As such, even one material weakness would prove ineffective internal control over financial reporting.

8 0

3 years ago

Monogramm just paid a dividend of $2.19 per share. The company said that it will increase the dividend by 15 percent and 10 over

valentinak56 [21]

Answer: $38.03

Explanation:

Based on the information given in the question, dividend for first year will be:

= D1 = $2.19 × 1.15 = $2.5185

D2= $2.5185 × 1.1 = $2.77035

Then, we calculate the value after year 2 which will be:

=(D2 × Growth Rate) / (Required Return-Growth Rate)

=(2.77035 × 1.037) / (0.107-0.037)

=$41.04

Therefore, the stock price today will be:

= (2.5185/1.107) + (2.77035/1.107²) + (41.04)/1.107²

=$38.03

7 0

2 years ago

A business practice associated with globalization involves business moving manufacturing and service centers to countries where

baherus [9]

Answer:Multi national Trading or Corporation

Explanation:This is situation where business operations are moved to other nations with cheap labour and raw materials.The importance of this practice is to minimize their cost of operation and maxizmize profit.

4 0

3 years ago

Read 2 more answers

Which of the following statements regarding conducting marketing research in a foreign country is correct? A. Good secondary da

diamong [38]

Answer: B. Consumers in foreign markets generally enjoy participating in marketing research.

Explanation: Consumers in foreign countries are accessible because there are currently many ways to address them, for example a company that sells clothes that wants to sell clothes in other markets and need to do a market research on a specific product, can use the large companies such as social networks or e-mail marketing to be able to offer the products or obtain the result of the research they are conducting.

7 0

3 years ago

A company has a "bring your own device" (BYOD) policy for computers; anyone can just go out and buy whatever computer they want.

brilliants [131]

Answer:

<em>I can see there are no choices.</em>

Purchase or Lease Stage

Explanation:

The "Hardware Lifecycle" has several stages or phases. These are:<em> Plan, Purchase or Lease, Deploy & Install, Maintenance, Upgrade, Parts & Repair, Extend, Buyback or Trade In and Dispose or Recyle.</em>

The situation above is part of the<em> "Purchase or Lease Stage."</em> This stage <u>allows the person to buy the computer that they wanted.</u> When it comes to the IT hardware, the person can either "Buy" or "Lease." One may choose the second option if he is not yet ready to buy.

So, this explains the answer.

5 0

3 years ago