Complete question:
Under the TILA-RESPA Integrated Disclosure Rule (TRID), a lender must extend the closing how many days if the annual percentage rate (APR) has changed more than 0.125% before closing?
A) Two business days
B) Three business days
C) Five business days
D) Four business days
Answer:
A lender must extend the closing Three business days if the annual percentage rate (APR) has changed more than 0.125% before closing.
Explanation:
TRID is the standardized divulgation law for TILA-RESPA. The current RESPA and TILA regulation replaces a previous, detailed closing declaration and credit calculations for HUD-1 and Good Faith Calculations (GFE).
When the loan's interest rate is not locked when the loan estimate is issued and the rate of interest and credits for the hypothecary loan that adjust when it is locked many time later. A revised loan estimate is expected by the borrower no more than three working days after the date the interest rate is locked and the equate the revised loan estimate with the products and loan credits paid.
Arthur is in the status of identity referred to as<u> identity foreclosure.</u>
<h3>What is Identity foreclosure?</h3>
Identity foreclosure can be defined as the stage of self or identity discovery in which a young person identify what they are capable of doing but they are yet to experience other available options.
Hence, he agreed to join the family business without thinking about his decision because he is in identity foreclosure stage.
Therefore Arthur is in the status of identity referred to as<u> identity foreclosure.</u>
Learn more about Identity foreclosure here:brainly.com/question/15062284
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Straight cut beauty salon merges with clean-cut beauty salon. This is an example of horizontal merger. The horizontal merger <span>s a </span>merger<span> between firms that are selling similar products in the same market. In this case the straight cut beauty salon and the clean-cut beauty salon are selling similar product and services.</span>
Answer:
The correct answer is $23,260.69.
Explanation:
According to the scenario, the given data are as follows:
Payment (pmt ) = $7,000
Time period (n) = 3
Rate of interest (r) = 5.2%
So, we can calculate the future value by using following formula:
FV = Pmt ( 1 + r)^n + Pmt ( 1 + r)^n-1 + Pmt ( 1 + r)^n-2
By putting the value, we get
= $7,000 ( 1 + 0.052)^3 +$7,000 ( 1 + 0.052)^2+$7,000 ( 1+ 0.052)^1
= $23,260.69
hence, The future value after 3 years will be $23,260.69.
Answer:
CONSUMERS and LEGAL.
Explanation:
- In making important decisions, an organization will consider the consequences of each choice, the effect on customer public affairs, the safety risks to lawyers and staff and the financial consequences.
- Corporate communications are about raising the authority of your business, build relationships with key individuals and handling your public image.
therefore,these two ways will prefer to use for decision making.
