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
ahrayia [7]
3 years ago
14

What is the maximum loan amount a bank will provide a borrower under the following circumstances: LTV: 70% Appraised Value: $320

,000 Contract Price: $330,000
Business
1 answer:
valkas [14]3 years ago
5 0

Answer:

$231,000

Explanation:

The maximum loan amount that the borrower would get from a bank is the 70% of the contract price which is computed thus:

The understanding here is that the bank would provide 70% counterparty funds which is equivalent to 70% of $330,000 i.e $231,000(70%*$330,000).

In other words,the borrower should be willing to provide 30% of $330,000 while the bank complements the borrower's efforts withe balance of 70%

You might be interested in
Firms are more likely to effectively leverage their technologies in new markets if they identify new applications of the technol
Fantom [35]

Firms are more likely to effectively leverage their technologies in new markets if they identify new applications of the technology by identifying the best mode to generate profits from new markets. best, profits, new the sentence.

<h3>What are Firms?</h3>

Generally, Firms are simply defined as the business as an essential component of any economic system in which individuals satisfy needs via the division of labor and the trade of products and services.

In conclusion, Firms are business-oriented organizations.

Read more about Business

brainly.com/question/10295065

#SPJ1

6 0
2 years ago
When two people are talking, they want the listener to understand what they are saying. They both want to be effective communica
Sergeeva-Olga [200]
Salespeople have to develop a mutual trusting relationship with the customers has this determines the long term sales relationship that they can mutually benefit from. A part of developing trust with the customer includes a good and long effective communication between the two.
3 0
3 years ago
A _____ determines the best way to get an advertiser's message to the market.
zzz [600]
That would be a "media plan"
3 0
3 years ago
Economists use the distinction between private and public goods to determine __________
Butoxors [25]

Economists use the distinction between private and public goods to determine what projects and activities should be undertaken by the government.

In the economy, there are different types of goods among which, public goods are goods which are produced by the government or by nature for the welfare of the people without any cost. On the other hand, private goods are the ones manufactured and sold by private companies to earn a profit.

Economists use this distinction between different goods to allow the government to decide which goods are considered public goods so that the government can channel the funds in order to provide the public goods to the economy.

Hence, both public and private goods have their own importance in the economy.

To learn more about public and private goods here:

brainly.com/question/15176802

#SPJ4

8 0
2 years ago
Matteo just left the Army after 20 years of service. During his service, he managed to save a little money and is now entitled t
atroni [7]

Answer:

The answer is: B) He should check out the enterprise zones in Arizona

Explanation:

Enterprise zones were created to attract new businesses and investments to certain urban areas by offering tax concessions, infrastructure incentives and reduced regulations. Companies usually can locate for free there (some give out land to businesses for free), and the business don't have to pay certain taxes for doing so (usually local and/or state taxes, but sometimes even some federal taxes).

8 0
3 years ago
Other questions:
  • A high/low pricing strategy relies on the promotion of sales. True or False
    12·1 answer
  • ABC Gardening operates a commercial plant nursery where it propagates plants for garden centers throughout the region. ABC Garde
    7·1 answer
  • The Reuschel Company began 2018 with inventory of 21,000 units at a cost of $8 per unit. During 2018, 61,000 units were purchase
    10·1 answer
  • The cost of beginning work in process inventory plus the costs added to production during the period equals the _______. cost of
    9·1 answer
  • Under the allowance method, writing off an uncollectible account Group of answer choices affects both balance sheet and income s
    9·1 answer
  • Your proforma income statement shows sales of $1,033,000, cost of goods sold as $503,000, depreciation expense of $103,000, and
    10·1 answer
  • Nobel laureate Paul Samuelson said that comparative advantage is one of the few ideas in economics that is both "true and not ob
    8·1 answer
  • Assume a purely competitive increasing-cost industry is initially in long-run equilibrium and that an increase in consumer deman
    12·1 answer
  • William is a 38-year-old computer systems executive. He has come to a point in his life where he is reassessing his ambitions an
    5·1 answer
  • Explain the theory of absolute advantage
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!