Answer:
Yes he can use FHA
Explanation:
Because FHA Loans are the most forgiving of foreclosures. To qualify for an FHA mortgage loan, you must wait at least three years after the foreclosure. The three year clock starts ticking from the time that the foreclosure case has ended, usually from the date that you prior home was sold in the foreclosure preceeding. If the foreclosure also involved an FHA loan, the three year waiting periods starts from the date that FHA paid the prior lender on its claim
<span>Businesses Management and Administration</span>
Answer:
$100 million ; $10 million
Explanation:
Required reserve ratio (r) = 10%
Worth of bond = $10,000,000
The smallest increase can be thought of as being the $10million generated from open market operation and could be held by the bank as reserve.
To calculate the largest increase in deposit:
Money multiplier * deposit (worth of bond)
Money multiplier = (1 / reserve ratio)
Money multiplier = (1 / 0.1) = 10
Increase in deposit = 10 * $10,000,000 = $100,000,000 ( $100 million)
<span>income that investors earn from buying and selling investments
</span>
Answer:
$164.29
Explanation:
The formula to compute the markup percentage is shown below:
Markup percentage = (Sale price - purchase price) ÷ (purchase price)
where,
Markup percentage is 40%
Sale price is $230
So, the purchase price is
0.40 = ($230 - purchase price) ÷ (purchase price)
0.40 × purchase price = $230 - purchase price
So, the purchase price is
= $230 ÷ 1.40
= $164.29
