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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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What is the purpose of file extensions?
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File extensions are a way of labelling the names of files so you and your computer can keep track of what they contain. File extensions are a way of letting the user and their computer know what type of program created any given file.
5 0
3 years ago
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Companies that outsource research and development and design jobs:
MissTica

Answer:

The correct answer is letter "B": run the risk of overseas companies using the information to produce competitive products.

Explanation:

Outsourcing is an approach used by companies to take part of their operations abroad where labor costs and materials are cheaper. This is a good strategy to avoid being subject to stiff regulations imposed by the government that could affect the business.  

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4 0
4 years ago
Which of these does not fall under the "marketplace" umbrella?
Goshia [24]
Stock market is the market where buyers and sellers come together to make deals with stocks of companies.
E-commerce is a market that is present in the cyberspace or in the internet
Physical place of business are businesses that have physical store fronts or offices such a supermarket.
The answer is
4. taxation
3 0
4 years ago
the interest rate that determines the amount of cash interest paid each interest date is referred to as the
viktelen [127]

Answer:

Stated interest rate

Explanation:

The stated interest rate is the rate of interest in which the value of the cash interest that has to paid on each date of interest

The value of the cash interest paid could be determined by applying the following formula

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5 0
3 years ago
, suppose the book value of the debt issue is $70 million. In addition, the company has a second debt issue on the market, a zer
vlada-n [284]

Answer: See explanation

Explanation:

a. The company's total book value of debt will be:

= Value of debt + Value of zero coupon bonds

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= ($70 × 1.08) + ($100 × 0.61)

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= 3.7%

5 0
3 years ago
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