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3 years ago

How old do you have to be to get a reverse mortgage

Business

1 answer:

Murljashka [212]3 years ago

6 0

Answer: Minimum 62 years

Explanation: As per the rules, the youngest borrower must have attained the age of 62 years to qualify for reverse mortgage loan. There are several other requirements as well.

HUD financial criteria also needs to be fulfilled by the borrower. The home in which borrowers be living must be their prime residence and the required home equity will also be required.

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ankoles [38]

Answer:

Stocks is the type of investments that offers both capital gains and interest income.

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3 years ago

The present value of a future amount of money is the amount that, if invested today, will grow to be as large as that _____

svetlana [45]

Answer: A. Present; B. Taken; C. Future; D. Present

Explanation:

The present value of a future amount of money is the amount that, if invested today, will grow to be as large as that present amount when the interest that it will earn is taken into account.

The calculation that we use to convert a future amount of money to its present value is called discounting.

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3 years ago

Using these data from the comparative balance sheet of Blossom Company, perform vertical analysis. (Round percentages to 1 decim

vovikov84 [41]

Answer:

For 2017

Account receivable % = Account Receivable/Total Assets x 100

Account receivable % = $ 497,000/$ 3,101,000 * 100

Account receivable % = 0.16027088 * 100

Account receivable % = 16.0%

Inventory % = Inventory/Total Assets *100

Inventory % = $ 735,000/$ 3,101,000 * 100

Inventory % = 0.2370203 * 100

Inventory % = 23.7 %

Total Assets = $3,101,000 = 100%

For 2016

Account receivable % = Account Receivable/Total Assets * 100

Account receivable % = $ 435,000/$ 2,758,000 * 100

Account receivable % = 0.15772298 * 100

Account receivable % = 15.8%

Inventory % = Inventory/Total Assets * 100

Inventory % = $555,000/$ 2,758,000 * 100

Inventory % = 0.20123277 * 100

Inventory % = 20.1%

Total Assets = $2,758,000 = 100 %

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3 years ago

A rightward shift in the demand curve for tennis balls could be caused by Group of answer choices a fall in income, assuming ten

trasher [3.6K]

Answer:

The correct answer is letter "C": a fall in the price of tennis balls.

Explanation:

The demand law explains the relationship between the price of a product and its quantity demanded. As the price increases, the quantity demanded decreases moving the demand curve to the left. As price decreases, the quantity demanded decreases, moving the demand curve to the right.

Therefore, if the demand curve for tennis balls moves to the right, the price has fallen increasing the quantity demanded.

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3 years ago

What is the difference between birthrate and death rate

Schach [20]

Birthrate is the number of births while deaerate is the number of deaths

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3 years ago