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nydimaria [60]
3 years ago
7

If house prices in the neighborhood immediately fall by 10 percent (before any mortgage payments are made), what would happen to

Joe's and Mike's net worth? (Assume Joe and Mike have no other assets or liabilities.)
Business
1 answer:
Jet001 [13]3 years ago
3 0

Answer:The net worth of Joe and Mike will reduce.

Explanation:

It will reduce because the only asset they both have is the houses in the neighbourhood and since prices have reduced,their net worth will also reduce.

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Which of the following is happening when a lending institution gains money from an individual's paycheck to cover outstanding de
lozanna [386]

When a lending institution receives an amount from the individual on his/her monthly paycheck for covering his/her due debts is called Garnishment.

Option B is the correct answer.

<h3 /><h3>What is a paycheck?</h3>

A paycheck is a check provided to the employee for the work done by him/her. It defines the amount of remuneration and other incentives earned by the employee on a monthly basis.

A legal technique that allows a third party to reduce a certain amount from the salary or wages of an individual against the payment of any dues, then this technique is called Garnishment. The third party can be the bank of the debtor and the receiver is the lending institution to whom an individual has to pay back the due amount.

Therefore, Garnishment is the process where the lender receives a certain amount from the salary of the debtor against his/her dues.

Learn more about the Garnishment on paycheck here:

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4 0
2 years ago
Penalty apr is interest that applies to the balance if___.
Yanka [14]

It’s c because purchase are not made in the introduction period

3 0
3 years ago
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Under what circumstances would a firm be more likely to buy the required number of bonds in the open market as opposed to using
Sholpan [36]

Answer:

When interest rate are higher than coupon rate the company may want to purchase the bond in the open market

Explanation:

As the market value of the bond is considered as the present value of the coupon and maturity discounted at market rate a higher rate will make the present value of the bond to decrease therefore, below par. this makes the company a better option to purchase the bond rather than calling if it wants to retire the bonds.

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Answer:All of these are correct.

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