1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
neonofarm [45]
3 years ago
9

Alyssa's monthly mortgage costs are lower than those of her neighbor, Steven. Steven doesn't understand how this is possible bec

ause Alyssa paid more money for her house. What could be the reason for this difference in costs?
Business
2 answers:
Mice21 [21]3 years ago
8 0

Answer:

Alyssa got a better interest rate on her loan

Explanation:

Those who have a property registered in their own name and need money, can mortgage the house or apartment to raise this money. The mortgage, also called real estate refinancing, is a loan that has as payment guarantee a property already paid.

For this reason, banks that refinance charge lower interest rates than personal loan or overdraft fees, for example, which do not have a collateral. The better the interest rate on the homeowner's loan, the lower the monthly mortgage costs, regardless of the value of the home.

Alyssa obtained a better interest rate on her loan for that reason, the monthly costs of her mortgage are lower.

wolverine [178]3 years ago
7 0
Alyssa could simply have put down more cash than Steven did when they respectively bought their houses. Also different financial institutions have different policies, so based on that principal Steven could be taking out a mortgage loan from an institution with insanely high interest rates, etc.
You might be interested in
When inspecting a fire extinguisher:
NikAS [45]
B because it the right answer there
7 0
3 years ago
Rent collected in advance is: Multiple Choice A shareholders' equity account in the balance sheet. A temporary account, not in t
gulaghasi [49]

Answer:

A liability account in the balance sheet.

Explanation:

When rent is collected in advance, the entries required to be recognized at the point of collection is as follows;

Debit Cash account

Credit Unearned/Deferred rental revenue

The cash account is an asset while the Unearned/Deferred rental revenue is a liability account.

As such, the collection of rent in advance is A liability account in the balance sheet.

3 0
3 years ago
You purchased shares of a mutual fund at a price of $20 per share at the beginning of the year and paid a front-end load of 5.75
valkas [14]

Answer:

3.44%

Explanation:

The computation of the return if sold the fund at the year end is shown below:

= {[Price × (1 - Front End Load) × ((1 + fund increase percentage) -expense ratio)] - price} ÷ price

={[$20 per share × (1 - 5.75%) × ((1 + 11%) - 1.25%)] - 20} ÷ 20

= 3.44%

We simply applied the above formula so that the correct return could come

6 0
3 years ago
Which term describes the art of manipulating people so that they break normal security procedures allowing the release of confid
lisov135 [29]
The term is SOCIAL ENGINEERING.
Social engineering is the art of manipulating people into breaking information security procedures or to give away confidential information which they have at their disposal.<span />
8 0
3 years ago
Read 2 more answers
Christopher works for Ocean Media Inc., a large corporation. His work requires him to travel extensively and, as a result, he sp
GREYUIT [131]

Answer:

A. moral hazard

Explanation:

Based on the information provided within the question it can be said that this scenario is perfectly exemplifying the term known as a moral hazard. This refers to when an individual takes more risks because someone else is bearing the costs. Such as in this scenario, Christopher is an employee and should be working on company tasks but instead works on his own projects because the company cannot check up on him, which is morally wrong and he can get fired for it.

3 0
2 years ago
Other questions:
  • Individuals have to choose whether to save or invest since it is not recommended to do both
    10·2 answers
  • A firm has a debt-to-equity of 0.69 and a market-to-book ratio of 3.0. What is the ratio of the book value of debt to the market
    7·1 answer
  • Bill is a yacht broker in the southeastern United States. For years he has had difficulty selling large yachts locally because t
    14·1 answer
  • Your bagel company has a market share of 7% of area breakfast sales and you have a goal to increase that to 10% in 1 year. The m
    15·1 answer
  • Which of the following statements is CORRECT?
    11·1 answer
  • Electronic Distribution has a defined benefit pension plan. Characteristics of the plan during 2021 are as follows: ($ millions)
    5·1 answer
  • 25-6. Which of the following is a fundamental distinguishing feature of individual income taxes compared with payroll taxes? a.
    7·1 answer
  • Saturn Corporation issued $300,000 par value 10-year bonds at 107 on January 1, 20X3, which Star Corporation purchased. Pluto Co
    7·1 answer
  • Most art and antiques are _____, and the transaction costs are ____ compared to those of financial assets.
    7·1 answer
  • Pete jackson purchased office equipment costing $3,000 for his business and paid immediately. record this transaction in the acc
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!