1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Aleks [24]
3 years ago
14

Conchita is applying for a VA loan. She has served in the military, on active service, for ninety days. She is trying to buy a t

own home near her base for easier commuting. The town home has qualified with an appraisal and has been issued a Certificate of Reasonable Value. Will Conchita be considered for a VA loan?
Business
1 answer:
LUCKY_DIMON [66]3 years ago
8 0

Answer:

No, Conchita will not be considered for a VA loan.

Explanation:

In order for a Veterans Affairs (VA) loan to be given, the borrower must comply with the following conditions regarding service time:

  • the borrower must have served for at least 90 days of active duty (service during wartime)
  • the borrower must have served for at least 181 days of active service (service during peacetime)

Conchita has not served the 181 days of active service required.

You might be interested in
What amount needs to be invested today at 6% simple interest in order to have $4000 in 2 years?
garri49 [273]
Data:
A (amount) = ?
P (Principal) = $ 4000
r (rate) = 6% → 0.06
t (time) = 2 years

Formula:
A = P(1+r*t)

Solving:
A = P(1+r*t)
A = 4000(1+0.06*2)
A = 4000(1+0.12)
A = 4000*1.12
\boxed{\boxed{A = \$\:4480}}\end{array}}\qquad\quad\checkmark


4 0
3 years ago
A company's December 31 work sheet for the current period appears below. Based on the information provided, what is net income f
lbvjy [14]

Answer:

Net income for the current period is $2,350.

Explanation:

Calculation of Net Income for the Current Period.

                                                                    $               $

Fees earned                                                             7,250

Less Expenses :

Rent expense                                           1,300

Salaries expense                                     2,300

Utilities expense                                         345

Insurance expense                                    650

Supplies expense                                        115

Depreciation expense—equipment          190   (4,900)

Net Income / (Loss)                                              2,350

3 0
2 years ago
Assume that you finance a new car when you graduate. It will cost $120,000 and you will finance it with a 84 month contract havi
shusha [124]

Answer: $1942.89

Explanation:

Since the car will cost $120,000 and it will be financed with a 84 month contract having a nominal rate of 9.20%, then the monthly payment will be:

= PMT(9.2%/12, 84, -120000)

This will be slotted into the Excel calculator and the answer gotten will be $1942.89

Therefore, the monthly payment will be $1942.89.

6 0
3 years ago
Terps Company reports the following amounts: Book Value Fair Value Assets $ 400,000 $ 500,000 Liabilities 45,000 45,000 Net inco
jekas [21]

Answer:

$180,000

Explanation:

Goodwill = Purchase Price - Net Assets Taken over at Fair Value

where,

Purchase Price = $635,000

Net Assets Taken over at Fair Value = $ 500,000 - $45,000 = $455,000

therefore,

Goodwill = $635,000 - $455,000 = $180,000

5 0
3 years ago
A barrel of oil as measured on the oil market is equal to 1.333 u.s. barrels. a u.s. barrel is equal to 31.5 gal. if oil is on t
RoseWind [281]
You need conversion in this problem to solve it. Since you are already given of all the data, you just need to utilize the data to come up with the answer.  You simply have to divide the equivalent units of a barrel with the U.S. barrels and further divide it with the equivalent gallons of U.S. barrel. You can get $2.24 ($94 / 31.5 / 1.33).<span> </span>
7 0
3 years ago
Other questions:
  • Suppose the demand function​ (D) for golf clubs​ is: Qequals=180180minus−0.500.50​P, where P is the price paid by consumers in d
    10·1 answer
  • Q 1. how does csr (corporate social responsibility impact the role of hr manager ?
    14·1 answer
  • Where would the HIGHEST air pressure be measured
    15·1 answer
  • __________ unemployment results when the demand for labor varies during the year.
    9·1 answer
  • Chillmax Company had planned to sell 3,500 pairs of shoes at $60 each in the coming year. Unit variable cost is $21 (includes di
    5·1 answer
  • Kansas Enterprises purchased equipment for $72,500 on January 1, 2021. The equipment is expected to have a five-year service lif
    14·1 answer
  • Kyle works for National Sporting Goods, where he manages critical data elements, such as identifying and acquiring new data sour
    14·1 answer
  • Services can not be stored, warehoused, or inventoried. Because of this, many hotels and airlines offer deep discounts on rooms
    9·2 answers
  • PLEASE HELP!!! Compare U.S. government savings bonds to mutual funds and collectibles in terms of risk and potential return. Exp
    15·1 answer
  • If the banking system has demand deposits of $100,000, total reserves equal to $15,000, and a required reserve ratio of 10 perce
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!