Answer:
The answer is D ( It forces lenders to disclose all charges to the borrower.)
Answer: Option (C)
Explanation:
Sociological factors are referred to as or known as elements or factors of the society that tends to radiate negative and positive influence which cause a change in function, structure, elements, and orientation. Sociology tends to mostly study society in regards with its elements, structure, and their development which mostly includes numerous factors such as people and the population, ethnicity, age, gender, religion, view , culture, and etc.
Answer:
Under government bankruptcy laws of the United States, anybody can declare financial insolvency in order to look for help from leasers. In any case, this comes to the detriment of harming one's financial assessments for quite a while (now and then upto a multi year time span) alongside bringing about critical lawful,, procedural and court charges.
That being stated, liquidations are significantly troublesome procedures essentially in light of the fact that loan bosses would not need any account holder to take the easy way off in the event that the indebted person wouldn't like to restitution. This is considerably progressively evident if there should be an occurrence of understudy advances where the borrower (Kay for this situation) needs to demonstrate without sensible uncertainty that he/she would confront "undue hardship" in the event that he/she were to continue with credit reimbursements. The "undue hardship" demonstrating part is available to an assortment of understandings, rounds of questioning and lawful examination by the courtroom. Most courts use the "Brunner Test" to decide an indebted person's qualification for understudy advance release. The key arrangements of the test are set somewhere around the United States Department of Education's, Federal Student Aid Office as given beneath:
(a) The account holder, in view of his/her present pay and costs, can't keep up a better than average "insignificant" way of life for himself/herself and his/her wards in the event that he/she were to proceed with the advance reimbursements.
(b) Additional conditions demonstrate certain the way that this condition will prevail for a larger part of the residency of the advance reimbursement.
(c) The borrower has taken a stab at reimbursing his/her understudy advance in accordance with some basic honesty up until this point.
In this specific situation, Kay would be in an ideal situation in attempting to get the advance deferred, on the off chance that she declares financial insolvency post changing her activity. This is so on the grounds that her present place of employment pays enough to reimburse her understudy advance and consequently don't meet two of the three Brunner Test models. Exchanging over to the non benefit employment would compromise her present way of life (and most likely that of her wards) and adjusts to the fundamental soul of the "Brunner Test". It would off base be upto her legitimate insight to demonstrate this danger (post work change) to her expectation for everyday comforts before the court and addition an understudy advance waiver.
Answer:
Present value = $45,185,606
Explanation:
Data:
number of periods(n) = 17 years
First-year profit = $5 million
Growth rate = 2%
Interest rate = 10%
Present value = ?
Solution:
The present value of the growing annuity can be calculated as follows
Formula:
Let's denote
annual interest rate = x
annual growth rate = y
Present value = First-year profit x 
Present value = $5,000,000 x 
Present value = $5,000,000 x 9.03
Present value = $45,185,606
Answer:
Municipal Revenue bonds are bonds that are serviced from the income accrued from a project that the bond was used to embark on.
They can therefore be serviced by a variety of income methods that accrue from the projects such as;
- User fees for using the asset built
- Special taxes
- Lease rentals in cases where the asset is leased out
- Excise taxes
- Other Non Ad-valorem taxes that result from benefits attached to usage of the asset built.
