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
andreev551 [17]
3 years ago
11

A mortgage broker advertises a 3.5% fixed payment on a 30-year loan implying that the offer was for a 30-year loan with a 3.5% f

ixed interest rate. The broker instead offered ARMs with an option to pay various amounts, including a minimum monthly payment that represented only a portion of the required interest. This is an example of a:
Business
1 answer:
sergiy2304 [10]3 years ago
5 0

Answer:

Amortized loan

Explanation:

An amortized loan is a type of debt in which borrower prepares a schedule for the repayment of principal and interest. The schedule is prepared based on amortization rate and years to maturity. The amortization schedule calculates the minimum monthly payment which includes principal and interest.

You might be interested in
If the nominal interest rate is 8 percent and the inflation rate is 3 percent, then the real interest rate is
Natasha_Volkova [10]

Considering that nominal interest rate is 8% and the inflation rate is 3%, then, real interest rate will equals 3%.

Given Information

Nominal interest rate = 8%

Inflation rate = 3 percent

Real interest rate = Nominal interest rate - Inflation rate

Real interest rate = 8% - 3%

Real interest rate = 5%.

Hence, considering that nominal interest rate is 8% and the inflation rate is 3%, then, real interest rate will equals 3%.

Read more about Real interest rate

<em>brainly.com/question/6106690</em>

8 0
3 years ago
Which is the result of entering a debit in an expense account?
Arlecino [84]

Explanation:

when a payment is made the entries recorded are debit prepaid expenses

3 0
2 years ago
The manager reported the following information: Budgeted total direct-labor costs $14,000,000 Budgeted total indirect-labor cost
Vinil7 [7]

Answer:

budgeted direct-labor rate= $700 per direct labor hour

Explanation:

Giving the following information:

Budgeted total direct-labor costs $14,000,000

Budgeted total direct-labor hours 200,000

To determine the direct-labor cost rate, we need to use the following formula:

budgeted direct-labor rate= total amount of direct labor cost/ total amount of direct labor hours

budgeted direct-labor rate= 14,000,000/200,000= $700 per direct labor hour

8 0
3 years ago
To guard against possible legal ramifications and the consequences of using the web and networks, an organization usually establ
rosijanka [135]

Answer:

network security department and network administrator

Explanation:

network security department which is run by network administrator install firewall to enhance the cooperate security of an enterprise. Firewall controls which data traffic is allowed to move from one side to the other side of network. Other security mechanisms which involves IP blocking to save an enterprise for the harms of web and internet. Certain IP are blocked within an enterprise according to the policy of an enterprise.

5 0
4 years ago
Describe a strategy for handling unethical practices
Misha Larkins [42]

Answer:

Don't Take Action without Evidence. Before you do anything, you need to make sure you know the facts. ...

Follow Company Procedure. If you can, you should follow company procedure on reporting unethical behavior. ...

When the Issue Goes Beyond Being Unethical. ...

Consider Going Elsewhere.

Explanation:

I dunno if my answer can help you ill just try to help, I hope my answer can help you!

8 0
3 years ago
Other questions:
  • Which of the following is the main incentive for a manufacturer to sell a product?
    7·2 answers
  • Today, marketers are increasingly emphasizing a tiffany/walmart strategy, which is to offer
    13·1 answer
  • Economists generally favor the use of tradable emissions allowances to reduce pollution. However, the use of these allowances ha
    10·1 answer
  • The possibility that the failure of one bank can hasten the failure of other banks is called the:
    15·1 answer
  • The global recruiting manager for a multinational corporation is designing a new training program for recruiters prioritizing a
    7·2 answers
  • What is the purpose of approving "pork barrel" spending?
    5·1 answer
  • Martin Buber Co. purchased land as a factory site for $400,000. The process of tearing down two old buildings on the site and co
    15·1 answer
  • Compute cost of goods sold using the following information: Finished goods inventory, beginning $ 540 Cost of goods manufactured
    10·1 answer
  • 11B: ? John manages a toy factory that
    10·1 answer
  • Colorado Business Tools manufactures calculators. Costs incurred in making 9,940 calculators in February included $29,350 of fix
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!