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malfutka [58]
3 years ago
8

A real estate loan where a homeowner receives monthly payments based on accumulated equity rather than a lump sum and is repaid

upon the death of the owner or sale of the property is a (an)
Business
1 answer:
ivanzaharov [21]3 years ago
6 0

Answer:

reverse annuity mortgage

Explanation:

The term that is being described is known as a reverse annuity mortgage. Like defined in the question, this is a loan that allows you to cash in some of your home's equity without actually needing to sell the entire real estate property and move out of your home. Instead the loan is secured against the value of your home and monthly payments are paid to the owner that asked for the loan.

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Mountaintop Clearview Corporation authorizes Niles, its employee, to oversee its timber operation. In the course of his employme
kotegsom [21]

Answer:

B) Mountaintop and Niles

Explanation:

Both Mountaintop Clearview Corporation and Niles are responsible for the illegal waste disposal.

When a company's employee is involved in an illegal activity or an accident while performing job related duties, both the employee and the company are responsible for the possible damages.

In this case Niles can be subject to criminal charges and Mountaintop to civil charges.

6 0
3 years ago
Suppose you just bought an annuity with 9 annual payments of $15,400 at the current interest rate of 11 percent per year. a. Wha
Dafna11 [192]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Suppose you just bought an annuity with 9 annual payments of $15,400 at the current interest rate of 11 percent per year.

First, we need to determine the final value with the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Then, we can calculate the present value with the following formula:

PV= FV/(1+i)^n

A)i=11%

FV= {15400*[(1.11^9)-1]}/0.11

FV= $218,125.17

PV= 218,125.17/(1.11^9)= $85,270.53

B) i= 6%

FV= {15400*[(1.06^9)-1]}/0.06

FV= $176,966.27

PV= 176,966.27/(1.06^9)= $104,746.06

C) i= 16%

FV= $269,785.02

PV= $70,940.77

3 0
2 years ago
In conducting their research, economists face an obstacle that not all scientists face; specifically, in economics, it is often
algol13

Answer:

The correct answer is (B)

Explanation:

Economics is a study of the market and human behaviour. Economists usually use historical data, conduct interviews and surveys to find a pattern to predict and forecast. In economics, it is almost impractical to conduct laboratory experiments because laboratory experiments leave out various aspects of reality and leave out relevant variables. Furthermore, It is difficult to find a way to use a laboratory experiment to predict and forecast.

4 0
3 years ago
For how long should a certified personal trainer maintain accurate contract and appointment records?
Ann [662]

Correct/Complete question: For how long should a certified personal trainer maintain accurate contract and appointment records?

a. 3 years

b. 4 years

c. 2 years

d. 1 year

Answer:

4 years

Explanation:

A certified personal trainer is expected to maintain accurate record of contracts and appointment for at least 4 years before discarding them so as to be able to use them for future assessment or reference purposes. These records are kept in both soft and hard copies. the hard copies can be recycled after 4yeasr at least while the soft copies are kept in a database which can last for almost forever.

Cheers

5 0
2 years ago
The average cost associated with each additional dollar of financing for investment projects is:_________
Roman55 [17]

Answer:

c) the marginal cost of capital

Explanation:

The cost which a company bears to add one dollar / unit of capital is called marginal cost. We know that the company raise funds through different sources which can be debt from banks and stocks (common and preferred). This process of raising capital involves a cost which is termed as marginal cost of capital or the cost required to raise an additional unit of capital.

7 0
2 years ago
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