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julsineya [31]
3 years ago
6

If the borrower has a previous foreclosure, can he use FHA to purchase a new home?

Business
1 answer:
snow_tiger [21]3 years ago
6 0

Answer:

Yes he can use FHA

Explanation:

Because FHA Loans are the most forgiving of foreclosures. To qualify for an FHA mortgage loan, you must wait at least three years after the foreclosure. The three year clock starts ticking from the time that the foreclosure case has ended, usually from the date that you prior home was sold in the foreclosure preceeding. If the foreclosure also involved an FHA loan, the three year waiting periods starts from the date that FHA paid the prior lender on its claim

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The required return for Williamson Heating's stock is 12%, and the stock sells for $40 per share. The firm just paid a dividend
olga_2 [115]

Answer:

E: 6.34

Explanation:

First we solve for the PV of the next years dividends using the lump sum PV formula:

\frac{Dividends}{(1 + rate)^{time} } = PV

rate = 12%

\left[\begin{array}{ccc}Year&dividends&PV\\1&1.3&1.1607\\2&1.69&1.3473\\3&2.197&1.5638\\4&2.8561&1.8151\\\end{array}\right]

Total of 5.8869

Then, this with the PV of the future dividends usign the gordon model should match 40 dollars.

so the PV of the indefinite sum of dividends should be: 40 - 5.8869 = 34.1131

\frac{Dividends_1}{return - growth} = Value

This is four years into the future thus, we discount as well for the rate of return We want ot knwo the value at the fourth year to solve for the grow rate:

34.1131 x 1.12^4 = 53.67762328

Now the formual for the gordon model requires next year dividends thus D0 x 1 + g and we don't know g so we have to operate to solve  it:

\frac{2.8561 \times (1+g)}{0.12-g} =53.67762328\\2.8561 + 2.8561g = 53.67762328 / (0.12 - g)\\g ( 1 + 2.8561/53.67762328) = 0.12 - \frac{2.8561}{53.67762328} \\g = 0.066791608 \div 1.053208392= 0.063417277

The correct answer would be E

4 1
3 years ago
Which of the following is true? AChecks and Debit Cards both withdraw money directly from a bank account. BDebit cards offer the
jek_recluse [69]
I think its A. 
 
Because: 

B isn't true because if someone gets a hold of your debit card, you're somewhat screwed as they can withdraw your earned money

C Debit cards use earned actual money unlike a credit card

D Most businesses now days don't accept checks, because of so many bounced checks 
7 0
3 years ago
Read 2 more answers
Monetary policy has a​ ________ effect on aggregate demand in​ a(n) ________​ economy, and fiscal policy has a​ ________ effect
Alja [10]

Answer:

Greater; Open; Greater; Closed

Explanation:

Aggregate demand of economy refers to the total demand for goods and services in an economy at particular period of time.

A closed economy refers to one that has no imports or exports; in order words it is closed from foreign trade with other economies. Thus, fiscal policy would have a greater effect in this economy.

Open economy is the opposite of a closed economy; it allows foreign trade and the aggregate demand of the economy is better influenced by the monetary policy.

3 0
3 years ago
The transformation of an organization through the revitalization of the key ideas on which it is built is known as?
Irina18 [472]

The transformation of an organization through the revitalization of the key ideas on which it is built is known as self renewal.

<h3>What is meant by self renewal in business?</h3>

The term has to do with the dimension that is seen in a business through the renewal of the key ideas of the particular business. This is the change and redefinitions of the concepts of the business and the ways that it is organized.  It also has to do with the systems that would bring about innovations.

Hence we can say that The transformation of an organization through the revitalization of the key ideas on which it is built is known as self renewal.

Read more on transformation of organizations here: brainly.com/question/10783581

#SPJ1

7 0
1 year ago
Which of the following illustrates the law of demand? a. Jorge buys fewer pencils at $2 per pencil than at $1 per pencil, ceteri
iVinArrow [24]

Answer:

e. a and c

Explanation:

The law of demand states that the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded. This occurs because of the law of diminishing marginal utility.

The law of diminishing marginal utility states that the more of a commodity is consumed, the lower the utility derived from the consumption of the product.

It follows that Jorge and karissa would demand less of pencils and sweaters as their prices rise.

The demand curve is usually downward sloping to illustrate the law of demand.

4 0
3 years ago
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