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max2010maxim [7]
3 years ago
12

Given the following information on a fixed-rate fully amortizing loan, determine the maximum amount that the lender will be will

ing to provide to the borrower: loan term: 30 years; monthly payment: $800; interest rate: 6%.
Business
1 answer:
tatiyna3 years ago
5 0

Answer:

The maximum amount that the lender will be willing to provide to the borrower is $9,006.

Explanation:

Fixed payment for a specified period is know as the annuity. We will use the formula of present value of present value of annuity payment.

APV = C x [ ( 1 - ( 1 + i )^-n ) / i ]

C = Monthly payment = $800

Interest rate =i 8% = 0.08

n = number of years = 30 years

APV = $800 x [ ( 1 - ( 1 + 0.08 )^-30)/0.08 ]

APV = $800 x 11.2578

APV = $9,006

So, The maximum amount that the lender will be willing to provide to the borrower is $9,006.

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Crossroad chooses to report a financial asset at its fair value. The asset trades in two different markets; however, neither mar
Alex

Answer:$81

Explanation:

The options given are:

a. $76

b. $80

c. $81

d. $82

If the principal market that is, the market that the greatest volume of activity can't be identified, then the most advantageous market would be used to determine the fair value of a financial asset.

The most advantageous market is the market that has the highest net price, after transaction cost has been considered even though the transaction costs is not included into the fair value. Therefore, the second market gives the highest net price of $80 after the consideration of the transaction costs, hence, it should be utilized for fair value purposes.

The fair value amount include the transaction costs, which give $80 + $1 = $81

The fair value amount is $81.

5 0
3 years ago
What are the <img src="https://tex.z-dn.net/?f=%20%5Ctt%20%5Cpink%7BPrinciples%7D%20" id="TexFormula1" title=" \tt \pink{Princip
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<h3>There are fourteen principles of management. They are:</h3>

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8 0
2 years ago
A business owner analyzes which supplies and equipment will be used on a regular basis and buys them in bulk. Which element of b
Serggg [28]

Planning and organizing of business success are reflected in this scenario.

Since the business proprietor is worried about analyzing the materials and equipment that are for use on an ordinary basis and he plans to shop for them in bulk. That is a clean instance of making plans as it entails the analysis of providers and equipment after which establishing them in order to shop for them in bulk.

Planning is the process of thinking regarding the sports required to obtain a preferred goal. Planning is primarily based on foresight, the essential potential for a mental time journey. The evolution of forethought, the potential to think in advance, is considered to have been a top mover in human evolution.

Organizing (management), is a procedure of coordinating mission desires and sports to assets. community organizing, wherein groups come together to act on their shared self-interest. expert organizing, an industry built around creating organizational structures for people and companies.

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8 0
2 years ago
If a market is in equilibrium is it necessarily true that all potential buyers and sellers are satisfied with the market​ price?
pav-90 [236]

Answer:

The correct answer is "no"

Explanation:

A market equilibrium occurs in those markets where consumer demand is equal to the amount offered by companies. But they don't necessarily have to be satisfied with the market price.

For example, if a product of basic need is in high demand, the price can be raised a lot which may not result in a fair price for the customer.

On the contrary, a low price on products puts potential competitors out of the market since many times due to production costs they cannot match these prices.

5 0
3 years ago
Sophie Bennett has met the deductible for her doctor's visits. However, her insurance company requires her to pay 20% of all exp
aliina [53]
The correct answer is:  [C]:  "coinsurance" .
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4 0
3 years ago
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