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4 years ago

What do borrowers use to secure a mortgage loan?

Business

2 answers:

Sav [38]4 years ago

8 0

Answer:

C,D,and E

Explanation:

For a mortgage to be secure it needs to be backed up by a valuable asset such as your car your house or land.

mylen [45]4 years ago

6 0

Answer:

A. and B.

Explanation:

mortgage loans are given to individuals by a certified bank against their property. In order to secure this loan the bank requires a down payment from the individual looking for the loan as well as the individual's credit card information. This credit card will be charged the amount that the individual owes the bank on a monthly basis.

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Alisha has a five-year car loan of $15,000 with an interest rate of 6 percent. If the interest is compounded annually, how much

Zina [86]

We are given with the data that the original cost of the car is $15000. However Alisha wants to pursue the whole payment for five years thus a 6 percent interest rate is given. The formula for finding the total cost is TC = 15000* (1+0.06)^5. The answer is $20,073.39

3 0

3 years ago

What was the major financial change between post ww2 borrowers and borrowers after 1970?

icang [17]

Borrowers post WWII borrowed in the midst of prosperity. Financial institutions lent more money and borrowers paid it back.

A Financial Institution (FI) is an entity that engages in financial and financial transactions such as deposits, loans, investments, and exchanges.

Financial institutions such as commercial banks. Facilitates bank deposits, safe deposit box services, loans, checking accounts and various financial products such as savings accounts, overdrafts and certificates of deposit. Read more

Financial institutions will offset the expected economic impact of the pandemic by continuing to lend to businesses and consumers, stimulating economic activity and expanding support to those in need can do.

Learn more about Financial institutions https://brainly.in/question/80107

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7 0

2 years ago

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

Nana76 [90]

Answer:

$105,000

Explanation:

The total sales are 3,500,000, and the current market share is 7%.

3,500,000 * 0.07 = $245,000

The goal is to increase the market share to 10%

3,500,000* 0.10 = $350,000

The difference between original sales and the target sale is

245,000 – 350,000 = $105,000

An increase of $105,000 is required to achieve a market share of 10%

7 0

3 years ago

Capitalism is an economic system in which privately owned businesses and individuals attempt to make a profit in a free market.

DaniilM [7]

Capitalism is indeed an economic system in which privately owned businesses and individuals attempt to make a profit in the free market. The aspects of private ownership of businesses and working for profit are essential factors of capitalism as a theory and also as it is practiced.

3 0

4 years ago

] A firm is producing 1,000 units at a total cost of $5,000. If it were to increase production to 1,001 units, its total cost wo

valina [46]

Answer:

The question is not complete, below is an example of the completely stated question:

A firm is producing 1,000 units at a total cost of $5,000. If it were to increase production to 1,001 units, its total cost would rise to $5,008. What does this information tell you about the firm?

a. Marginal cost is $5, and average variable cost is $8.

b. Marginal cost is $8, and average variable cost is $5.

c. Marginal cost is $5, and average total cost is $8.

d. Marginal cost is $8, and average total cost is $5.

Answer:

d. Marginal cost is $8, and average total cost is $5.

Explanation:

Marginal cost of production is the change in cost, arising from the production of an additional unit of output. it is the cost of manufacturing one more unit of product. Mathematically, marginal cost is represented as:

$Marginal\ cost = \frac{change\ in\ cost}{change\ in\ quantity\ produced} \\$

change in cost (ΔC) = C₂ - C₁ = 5,008 - 5,000 = 8

change in quantity produced = Q₂ - Q₁ = 1,001 - 1,000 = 1

$Marginal\ cost = \frac{8}{1} = \$8$

∴Marginal Cost = $8

Average Total Cost (ATC) or average cost or unit cost is the total cost divided by the number of units produced. It is represented as

$ATC =\frac{TC}{Q} \\where\\ATC = Average\ total\ cost\\\TC = Total\ cost\ = \$5,000\\Q = units\ of\ goods\ produced = 1,000\\$

∴ ATC = 5,000 ÷ 1,000 = $5

4 0

3 years ago