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natka813 [3]
4 years ago
6

Calculating the Amount for a Home Equity Loan. A few years ago, Michael Tucker purchased a home for $100,000. Today the home is

worth $150,000. His remaining mortgage balance is $50,000. Assuming Michael can borrow up to 80% of the market value of his home, what is the maximum amount he can borrow?

Business
1 answer:
e-lub [12.9K]4 years ago
3 0

Answer:

The maximum amount that Michel can borrow is 70,000 dollars.

Explanation:

Please see attachment .

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3 years ago
Lennon, Inc. is considering a five-year project that has an initial outlay or cost of $80,000. The respective future cash inflow
SIZIF [17.4K]

Answer:

26.16%

Explanation:

Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested

IRR can be determined using a financial calculator

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C2 = $25,000

C3 = $35,000,

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IRR = 26.16

To determine IRR using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

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4 0
3 years ago
Tropic beach balls, inc. is considering several investment options. if the company wants to maximize investment income, when is
poizon [28]
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5 0
3 years ago
Based on your personal experience, cite three service businesses and three product businesses that gave you an impressive experi
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Explanation:

Product companies: Apple, Adidas and Sephora

Service companies: Dell technical support, Disneyland and Hilton Hotels.

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5 0
2 years ago
Suppose a firm that produces for this market is able to dump toxic chemicals into a river next to its factory, which poisons wil
DerKrebs [107]

Answer: an externality, market failure

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7 0
3 years ago
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