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AnnyKZ [126]
3 years ago
15

If a lender is not paid and they take the collateral that secured the loan, this is called _____. garnishment bankruptcy foreclo

sure repossession
Business
2 answers:
laiz [17]3 years ago
8 0

Answer:

<em><u>Foreclosure</u></em>

Explanation:

The legal process by which the lender takes control of a property, expels the owner and  and sells the home if the homeowner is unable to principle and interest his mortgage is called foreclosure.

It derives legal basis from deed of trust contract, bit gives the lender right to use the property as a collateral if the buyer is unable to repay the amount. The foreclosure process starts when the borrower misses mortgage payment.

Amanda [17]3 years ago
7 0
It would be repossession like if you miss any payments on a vehicle it can be repo'd.
You might be interested in
Suppose that you just paid $76,000 for a security that will make its first payment to you in 7 years from today. It will continu
iogann1982 [59]

Answer:

$5,346.98

Explanation:

Initial cash flow = 76,000

Discount rate = 5%

Suppose the C.F. in the 7th year is x which will flow till perpetuity

Present value of annual cash flow till perpetuity = Annual cash flow / Discount rate

PV at the 7th year = x/0.05

Discount factor = (1 + r)^n

Discount rate = 5%

Years   D. factor   Cash flows

0                 0            76,000

1           0.952381            -

2          0.907029           -

3          0.863838           -

4          0.822702           -

5          0.783526           -

6          0.746215            -

7           0.710681          x/0.05

So, 76000 = 0.710681 *(x/0.05)

76000 / 0.710681  = x / 0.05

x = 76000 / 0.710681 * 0.05

x = 5346.98408990813

x = 5346.98

Hence, if the interest rate is 5%, $5346.98 will be received annually from the 7th year

7 0
3 years ago
If Colombia spends 2 hours producing coffee and 6 hours producing oranges, and Cuba spends 3 hours producing coffee and 1 hour p
zimovet [89]

Answer: C. Colombia has an absolute advantage producing coffee, and Cuba has an absolute advantage producing oranges

Explanation:

From the question, we are informed that Colombia spends 2 hours producing coffee and 6 hours producing oranges, and Cuba spends 3 hours producing coffee and 1 hour producing oranges.

Since Columbia spends a lesser time producing coffee and Cuba spends a lesser time producing oranges, it means that Colombia has an absolute advantage producing coffee, and Cuba has an absolute advantage producing oranges.

8 0
3 years ago
Althea, black, has been a deejay for a local Christian music station for several years. The station got a new general manager an
VladimirAG [237]

Answer and explanation:

Althea is covered by the Equal Employment Opportunity Commission (<em>EEOC</em>). The EEOC is an agency of the federal government of the United States that enforces federal laws regarding discrimination of <em>race, sex, age, religion, ethnicity, national origin or impairment</em>. Althea was fired with the excuse that it is not "appropriate" for an African American deejay to play music on a white Christian music station. This is reason enough to sue the radio station for discrimination.

8 0
3 years ago
You are 30 years old today and are considering studying for an MBA. You just received your annual salary of $50,000 and expect i
Liono4ka [1.6K]

Answer:

Yes, you should take the MBA because the NPV of taking the MBA is positive.

Explanation:

the total economic costs of taking the MBA program include the lost wages + the costs of taking the MBA and any interest you could have earned by investing it on something else = ($50,000 x 1.03) + ($50,000 x 1.03²) + (2 x $30,000 x 1.08) = $51,500 + $53,045 + $64,800 = $169,345

the present value of your total economic costs:

$51,500/1.08 + $53,045/1.08² + $32,400/1.08 + $32,400/1.08² = $47,685.19 + $45,477.54 + $30,000 + $27,777.78 = $150,940.51

if you continued to work, your salary at year 3 would be $54,636.35 and it would continue to increase by 3% every year. The salary that you can earn with an MBA is $80,000 and it will grow by 4% per year. I used an excel spreadsheet to calculate future salaries and the differential amount between them. Then I calculated the PV at the beginning of year 3 of the differential income.

The PV of the differential income today = $560,281.31 /1.08³ = $444,769.38

the NPV of taking an MBA = $444,769.38 - $150,940.51 = $293,828.87

6 0
3 years ago
__________________ has always been a feature of the Taiwanese economy, but experts warn that the _______________ _______________
liubo4ka [24]

Statistics

Exports $318 billion (2014 est.)

Export goods Electronics, flat panels, ships, petrochemicals, machinery; metals; textiles, plastics and chemicals (2014)

Main export partners China 27.1% Hong Kong 13.2% United States 10.3% Japan 6.4% Singapore 4.4% (2012 est.)

Imports $277.5 billion (2014 est.)

4 0
3 years ago
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