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olga2289 [7]
3 years ago
8

​Jane and Smith are considering the purchase of a home in downtown Minneapolis. They approached Larson's Mortgagers Inc. to arra

nge for the financing needed for their home. Jane and Smith have made use of _____ in the purchase of their home
Business
1 answer:
dmitriy555 [2]3 years ago
5 0

Answer:

prequalification

Explanation:

<em>Prequalification</em> is used as an initial assessment of the applicant's ability to access a loan. Prequalification is used in a mortgage process, to give people who run the loan a general idea of ​​how much a person can borrow and for what type of loan terms they could qualify.

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I collect baseball cards. I do not sell any cards and I let my collection grow. The number of cards in my collection grows at 5%
Elena L [17]

Answer: 14.4 years

Explanation:

You can use the Rule of 72 to find out.

The Rule of 72 is a very useful formula that shows the amount of time it would take an amount to double given a certain growth rate.

The formula is:

= 72 / Growth rate in whole numbers

= 72 / 5

= 14.4 years

Approximately 14.4 years

7 0
3 years ago
Your grandfather has offered you a choice of one of the three following alternatives: $8,500 now; $3,000 a year for five years;
Mila [183]

Answer:

Check the explanation

Explanation:

a1.Present value of $8500=$8500

the Present value of $3000 a year for 5 years=$3000*Present value of annuity factor(9%,5)

the Present value of annuity=Annuity[1-(1+interest rate)^-time period]/rate

=$3000[1-(1.09)^-5]/0.09

=$3000*3.889651263

=$11668.95(Approx)

The Present value of $41000=$41000*Present value of discounting factor(rate%,time period)

=$41000/1.09^5

=$26647.19(Approx).

Therefore  $41,000 received at end of five years is a better value.

3 0
3 years ago
When preparing the retained earnings statement, the beginning retained earnings balance can always be found a. in the general le
marta [7]

Answer:

a. in the general ledger

Explanation:

When preparing the retained earnings statement, the beginning retained earnings balance can always be found in the general ledger.

5 0
3 years ago
Explain the importance of making ethical decisions when dealing with
aleksley [76]

Answer:

<u><em>Ethical decisions when dealing with  businesses and institutions.​</em></u>

It is important in many aspects:

    1. Judicial aspects: If you take unethical decision, you have to be responsible for the risk of future audits that might discover your unethical behavior and would have to afront charges.

   2. Reputational Aspects: In the long run much of your trust is at stake as    you might become a felon and would have to work really hard to change that view of yourself within a community.

   3. Personal well being: At the end is very important to have peace of mind.

4 0
3 years ago
Which of the following would be considered an example of seasonal scarcity?
xz_007 [3.2K]
A. growing consumable produce in cycles
Some produce such as strawberries only grow in a certain season so during the seasons the produce does not grow there would be scarcity. It isn't B as commented before because non-perishable is something that won't get used up; it will not perish, plus this is year round, not a certain season.
3 0
3 years ago
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