All categories

2 years ago

Match each component of a mortgage with its definition.

Business

1 answer:

Ray Of Light [21]2 years ago

6 0

Answer:

Fees-the additional costs a lender charged for processing a loan

Principal-The amount initially borrowed from a lender

Taxes-payments homeowners are required to make each year to the government

Down payment- the amount a borrower needs to have on hand to obtain a mortgage

Explanation:

You might be interested in

MarketPoint Sales currently has a credit limit of $5,000. Because MarketPoint Sales has an excellent credit rating, BITS is incr

azamat

Yes , the given statement is true

Explanation:

Since the credit limit is now 10k for purchases of Marketpoint, the demand requires them.

You will apply for an increasing or decreasing in the loan cap electronically and will actually receive an immediate decision.

You should wait 4 months before your credit limit is extended and wait 6 months after a drop in your credit ceiling for an increase.

8 0

3 years ago

On December 31, 2021, Interlink Communications issued 6% stated rate bonds with a face amount of $100 million. The bonds mature

Sauron [17]

Answer:

The bonds were issued at $87,590,959

Explanation:

The bonds will be issued at the present value of the coupon and maturity discounted by the market rate

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 6,000,000.000 ( 100 million x 6%)

time 30 (2051 - 2021)

market rate 7% = 7/100 = 0.07

$6000000 \times \frac{1-(1+0.07)^{-30} }{0.07} = PV\\$

PV $74,454,247.1010

PV of the maturity

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 100,000,000.00

time 30.00

rate 0.07

$\frac{100000000}{(1 + 0.07)^{30} } = PV$

PV 13,136,711.72

Total current value of the bonds:

PV coupon $ 74,454,247.1010

PV maturity $<u> 13,136, 711.7155 </u>

Total $87,590,958.8165

8 0

3 years ago

What is the best answer choice

Scrat [10]

The answer to that would be B.

3 0

3 years ago

Union Local School District has bonds outstanding with a coupon rate of 3.4 percent paid semiannually and 19 years to maturity.

Talja [164]

Answer:

PV = $4,863.24

Explanation:

Computation of the given data are as follows:

Face value = $5,000

YTM = 3.6%

YTM (Semiannual) (Rate) = 3.6% ÷ 2 = 1.8%

Coupon rate = 3.4%

Coupon rate semiannual = 3.4% ÷ 2 = 1.7%

Coupon payment ( Pmt) = 1.7% × $5,000 = $85

Time period (semiannual) (Nper) = 19 × 2 = 38

By putting the value in the financial calculator, we will get the present value.

Attachment is attached below.

PV = $4,863.24

8 0

3 years ago

What are the costs and consequences of providing and to whom

tia_tia [17]

Providing "and to whom" can be risky because it does not specify an exact name, and anybody who is in that position at a later time, can be affected by whatever is being referred.

4 0

3 years ago