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Helga [31]
3 years ago
12

Nancy and Joan bought a small farm for $300,000 under an installment land contract with a $50,000 down payment. They will pay in

terest only at 6% for five years when the remaining principal balance becomes due. How much interest will they pay over the life of the contract?
Business
1 answer:
KatRina [158]3 years ago
6 0

Answer:

75,000

Explanation:    

300,000-50,000 = 250000*6%*5

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8 0
3 years ago
A seasoned loan is a: (a)loan with a payment record. (b)long-term loan. (c)first encumbrance. (d)None of the above
den301095 [7]

Answer:

The correct answer is A

Explanation:

Seasoned loan is the loan which is defined as the loan that has been made out for at least a year, in which the borrower of the loan has a good history in relation to the payment of the loan. It is considered a sign that the loan will be unlikely to default. And it may command the higher prices on the secondary market.

In short, it is defined as the loan which has been paid on time and the adequate amount of time to give the lender, the belief that it will be continue in this way.

So, it is a loan with the payment record of the payments made by the borrower.

7 0
3 years ago
Why should your business use Performance Planner?
klasskru [66]

Answer:

The answer is C.It makes recommendations that are validated using machine learning.

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A performance planner is a tool used by Google Ads to devise plans in relation to how a business spends on advertising and how changes on advertisement campaigns will affect key metrics and the general performance. It is mostly used as a forecasting tool, with the use of machine learning to show the possibilities or potential outcomes in Google Ads campaigns. This implies that all the conclusions arrived at, are determined by machine learning.

7 0
3 years ago
What accounted for the tremendous rise in the profits of the american financial industry, from less than 10 percent of total bus
dolphi86 [110]
<span>Financial deregulation was a big part of why profits soared during these years. With businesses feeling as if they had more freedom to use their profits as they saw fit, they were able to increase technology, innovation, and therefore, their overall profit margins, instead of having to use those profits for tax purposes.</span>
6 0
3 years ago
Under PPO, which of the following in-network specialists would a referral be required?
RoseWind [281]

Answer:

A) none of these

Explanation:

Hope this helps you have a nice :)

7 0
2 years ago
Read 2 more answers
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