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Katena32 [7]
3 years ago
14

Many older, retired households are considered "house poor." Which of the following forms of loans has been designed to help miti

gate this problem by offering additional monthly income to these homeowners in exchange for a portion of their housing equity?
A. Purchase-money mortgage (PMM)
B. Package mortgage
C. Home equity loan
D. Reverse mortgage
Business
1 answer:
brilliants [131]3 years ago
8 0

Answer:

Reverse mortgage

Explanation:

Reverse mortgage is a type of loan in which a borrower from 62 years and above is able take part of their home equity without the need to pay monthly mortgage. This type of loan is majorly for older home owners who do not have sufficient monthly income, this type of loan can be a source of additional monthly income.

In other words, the home owner is able to get cash from borrowing against his/her home equity without selling the home. This type of mortgage loan doesn't have to be repaid until borrower wants to leave the home. Hence, the home can only be foreclosed if the borrower wants to leave the home without paying back the loan.

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DHL express deals with :
ozzi

Answer:

DHL express deals with:

d)import and export good

4 0
3 years ago
In a discussion of economics, which of the following would exert the most influence on an individual firm's decision to hire wor
9966 [12]

Answer:

(B) the macroeconomy

Explanation:

The condition of the macroeconomy would exert the most influence of a firm's decision to hire more workers. As economic growth increases and demand grows, the firm is likely to hire more workers to meet increasing demand for its goods. On the other hand, in an economic recession, the firm is likely to hire less and even lay off its existing workers as demand for its goods reduces.

Option A is incorrect as a firm would not hire more workers even at low wage levels if the economy is in a recession. Option C is incorrect as the level of a firm's income would likely not be considered in its hiring decision if demand for its goods was very high. Option D is incorrect as the household income would likely not be considered by the firm in its hiring decision.

8 0
3 years ago
Vinson Company purchased a patent for $180,000 at the beginning of Year8, and estimated that its expected useful life was 5 year
Alona [7]

Answer:

amortization expense is $36000

Explanation:

given data

purchased = $180000

time = 5 year

to find out

amount recorded as amortization expense

solution

we know here purchased  patent  for 180000 and here life is 5 years

so here

amortization expense will be purchased / time

amortization expense =  purchased / time

amortization expense = 180000 / 5

so amortization expense is $36000

6 0
3 years ago
A​ company's employee database includes each​ employee's compensation. ​a) is this variable discrete or​ continuous? ​b) what ar
il63 [147K]
<span>A​ company's employee database includes each​ employee's compensation. ​

Part a)

An employees compensation is a continuous variable because it can take fractional values.

Monetary values doest have to be an integer it also takes decimal values.



Part ​b)

The possible values it can take​ on are any value in the interval of compensations for the employee's level.</span>
4 0
3 years ago
The video mentions how firms compete on price point, store design, and the product itself. These are all elements of a firmâs:__
vladimir2022 [97]

Answer:

Marketing mix

Explanation:

The marketing mix is a combination of product, price, place, and promotion. The marketing mix is also called 4Ps. These factors determine the marketing strategy through which they get to know their position in the market.  

The price is the value which is given to the customers

The product is the item which is to be shown to the customers

The place is the location in which the product is sold to the customers

And the last is a promotion in which the product is communicated to the end numbers of people either by word of mouth, by adverting, etc

                                   

8 0
3 years ago
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