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rewona [7]
3 years ago
15

Amy agreed to a contract price of $100,000 for a home and secured a mortgage loan for $80,000. If the appraised value is $110,00

0, what is the loan to value ratio?
Business
1 answer:
AysviL [449]3 years ago
6 0

Answer:

loan to value =  80%

Explanation:

given data

contract price = $100,000

mortgage loan = $80,000

appraised value = $110,000

solution

we get here loan to value ratio that is

loan to value = \frac{loan}{contract\ price}   .................1

here lender use less of contract price or appraised value

so put here value in equation 1 we get

loan to value = \frac{80000}{100000}  

loan to value = 0.80

loan to value =  80%

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The number of customers who enter a bank is thought to be Poisson distributed with a mean equal to 10 per hour. What are the cha
VLD [36.1K]

Answer:

The probability that 2 or 3 customers will arrive in a 15-minute period is 0.4703

Explanation:

Firstly, we have to determine the segment unit, since the mean is 10 per hour, the segment unit is 1 hour.

The mean(m) = 10

since the period is 15 minutes = 0.25 hour, t= 0.25 hour / 1 hour. Therefore mt= 2*10 = 2.5

The poisson distribution formula P(x) = \frac{(mt)^{x}e^{-mt}  }{x!}

Therefore the probability that 2 or 3 customers will arrive in a 15-minute period

P(x=2) or P(x=3) = P(x=2) + P(x=3) = \frac{(2.5)^{2}e^{-2.5}  }{2!}+\frac{(2.5)^{3}e^{-2.5}  }{3!} = 0.2565 + 0.2138 = 0.4703

Therefore P(x=2) or P(x=3) = 0.4703

The probability that 2 or 3 customers will arrive in a 15-minute period is 0.4703

3 0
2 years ago
Read 2 more answers
A management accountant who avoids conflicts of interest meets the ethical standard of:
Lilit [14]

A management accountant who avoids conflicts of interest meets the ethical standard of: Integrity.

<h3>What is ethical standard of integrity?</h3>

Ethical standard of integrity is when  is truthful and honest and therefore can be defined  as the way in which a person or an individual  act or behave in way that is inline with the set ethical standard.

Based on the given scenario the accountant  act in accordance with ethical standard of integrity which is why he avoided the conflicts of interest.

Therefore a management accountant who avoids conflicts of interest meets the ethical standard of: Integrity.

Learn more about Ethical standard of integrity here:

brainly.com/question/13383200

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5 0
1 year ago
On January​ 1, 2017, the Accounts Receivable of Martha Company had a debit balance of​ $190,000. During​ January, the company pr
kupik [55]

Answer:

End of January​, 2017    

Dr Accounts Receivable  $350,000  

Explanation:

  • On January​ 1, 2017  

Dr Accounts Receivable $190,000  

  • During​ January  

Dr Accounts Receivable $400,000  

Cr Sales                           $400,000  

  • During​ January  

Dr Cash                            $240,000  

Cr Accounts Receivable $240,000  

  • End of January​, 2017  

Dr Accounts Receivable    $350,000  

3 0
3 years ago
Ben and carla covington plan to buy a condominium. they will obtain a $220,000, 30-year mortgage at 5 percent. their annual prop
shtirl [24]

Answer: The total using monthly housing payment is 1371.01.

The monthly payment on a house usually comprises of four parts - principal, interest, taxes and insurance. Even though taxes and insurance are due only once a year, most home loan lenders require that these amounts be deposited in an escrow account . They then transfer the amounts to the respective agency when the amounts fall due. So, the value of monthly payment is:        

Monthly Housing Payment = Principal + Interest + Taxes + insurance

We need to calculate the EMI on the housing loan. This will cover the monthly payment on principal and interest

EMI = \frac{PV}{\frac{1-(1+r)^{-n}}{r}}

EMI = \frac{220000}{\frac{1-(1+\frac{0.05}{12})^{-30*12}}{\frac{0.05}{12}}}

EMI = \frac{220000}{\frac{1 - 0.22382659564135}{0.0042}}

EMI = \frac{220000}{186.28}

EMI = 1181.01

Next we calculate the monthly property taxes and insurance

Monthly property taxes       \frac{1800}{12} = 150

Property insurance             \frac{480}{12} = 40

Hence the total housing payment is : 1181.01 + 150 +40 = 1371.01

3 0
3 years ago
Translate
Sedbober [7]

Answer:

from Spanish to English the question ia translated as: Question 16 of 25 Todd, a travel agent, lost his job because he did not need his skill. This is an example of what kind of unemployment? A. unemployment Cyclical

Explanation:

No other answers were given, so its impossible to translate thw other answers

5 0
2 years ago
Read 2 more answers
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