Answer:
The answer is 2. Ten percent of the principal of the loan
Explanation:
By law, maximum commissions for first trust deed loans are at :
- 5% of the principal for loans less than 2 years or less than 3 years
- 10% of the principal for loans 3years and more.
Second trust deed loans, on the other hand, are stated at 5% for loans up to 2years, 10% for loans between 2-3 years and 15% for loans more than 3 years.
Answer:
A. That money earns interest when the bank loans it out.
Explanation:
Banks pay their customers interest on the money in their accounts because that money earns interest when the bank loans it out.
Answer:
$1,069.74
Explanation:
We use the present value formula which is shown in the attachment below:
Data provided in the question
Future value = $1,000
Rate of interest = 12%
NPER = 16 years
PMT = $1,000 × 13% = $130
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the value of the bond is $1,069.74
Answer:
I.It's easier to purchase affordable insurance during a "soft" market than during a "hard" market
I only
Explanation:
When a purchaser of insurance wants to make a purchase he analyses the market to get a favourable condition that reduces risk and loss.
The market condition can be a soft market or hard market.
Soft market is one in which potential sellers are more than potential buyers. So supply exceeds demand. Buyers are able to buy affordable insurance.
Hard market on the other hand is when there is an upswing in market cycle. Premiums increase and capacity for insurance decreases.
It is more difficult to get affordable insurance in this market
