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Burka [1]
3 years ago
14

Seller Kim tells her agent Greg that she would be willing to accept $185,000 on her $205,000 listed home. There are no offers on

the property during the 6-month listing period and the listing expires. Several weeks later when showing another home to a buyer, Greg mentions that Kim would have accepted less for her home. Which is true?
Business
1 answer:
Luba_88 [7]3 years ago
4 0

Answer:

<em>Confidentiality duty to Kim has been violated by Greg</em>.

Explanation:

Remember Greg is acting as agent or real estate agent to Kim.

According to law he owed a duty of confidentiality to Kim which involves not disclosing any information of benefit which he may have gotten from his client (Kim) to third parties (buyers) without permission from Kim.

Therefore, Greg was not suppose to mention that Kim would have accepted less for her home.

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You discovered you can deduct medical expenses over 6% of your income. Your income is $42,000, and you had medical expenses of $
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The answer is A. 0. 6% of $42,000 is $2520. You only have $567 in medical expenses. You're expense has to be more than $2520 before you can deduct it.
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3 years ago
The reduction in principle of the 13th payment is 50% larger than the reduction in principle of the 5th payment. What is the tot
BigorU [14]

Complete Question:

A 20-year level repayment of a loan of 1000 has been scheduled. Recall that in such scenarios, as time progresses the reduction in principal part of each payment increases as the interest part of each payment decreases. The reduction in principle of the 13th payment is 50% larger than the reduction in principal of the 5th payment. What is the total amount of interest paid on the loan?

Answer:

At an assumed interest rate of 6%, the Total Interest on the Loan is:

= $743.69

Explanation:

a) Data and Calculations:

Amount of loan = $1,000

Period of loan = 20 years

Assumed interest rate = 6%

Loan Amount  1000

Loan Term  

20  years  0  months

Interest Rate  6

Compound  

Annually (APY)

Pay Back  Every Year

Results:

Payment Every Year   $87.18

Total of 20 Payments   $1,743.69

Total Interest   $743.69

View Amortization Table

Principal 57%

Interest 43%

Amortization Schedule

  Beginning       Interest     Principal     Ending

        Balance                                              Balance

1      $1,000.00        $60.00       $27.18       $972.82

2       $972.82  $58.37      $28.82       $944.00

3       $944.00 $56.64       $30.54       $913.46

4       $913.46         $54.81       $32.38       $881.08

5       $881.08        $52.86       $34.32       $846.76

6      $846.76          $50.81       $36.38       $810.38

7       $810.38          $48.62       $38.56       $771.82

8       $771.82          $46.31       $40.88       $730.94

9      $730.94         $43.86       $43.33       $687.61

10     $687.61          $41.26       $45.93       $641.69

11      $641.69         $38.50       $48.68       $593.00

12    $593.00        $35.58   $51.60      $541.40

13     $541.40        $32.48 $54.70 $486.70

14    $486.70        $29.20 $57.98 $428.71

15    $428.71         $25.72 $61.46 $367.25

16    $367.25        $22.04 $65.15 $302.10

17    $302.10           $18.13 $69.06 $233.05

18   $233.05          $13.98 $73.20 $159.84

19    $159.84          $9.59 $77.59 $82.25

20    $82.25           $4.93 $82.25 $0.00

3 0
3 years ago
A 5-year corporate bond yields 10.70%. A 5-year municipal bond of equal risk yields 6.50%. Assume that the state tax rate is zer
Ksenya-84 [330]

Answer:

The multiple choices are as follows:

a.

25.40%

b.

29.03%

c.

39.25%

d.

33.98%

e.

27.38%

The correct option is C,39.25% federal tax rate

Explanation:

In determining the federal tax that one would be indifferent in choosing between the two bonds, we equate the yield of the two bonds as follows with tax element being deducted from corporate bond yield:

6.50%=10.70%*(1-t)

The t is the tax rate which is the unknown

divide both sides by 10.70%

6.50%/10.70%=1-t

0.607476636 =1-t

t=1-0.607476636

t=0.392523364 =39.25%

4 0
3 years ago
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