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KatRina [158]
3 years ago
5

To obtain an FHA-insured loan, the buyers will have to pay a MIP of 1.75 points, which will be financed into the loan. What will

be the amount of their loan if FHA insures 96.5% of the appraised value and this property appraises for $210,000 (the maximum loan the FHA will insure in their area is $271,000)?
Business
1 answer:
GaryK [48]3 years ago
6 0

Answer:

$206,196.38

Explanation:

Calculation to determine what will be the amount of their loan

Loan Amount=($210,000 × 0.965)+[($210,000 × 0.965)×0.0175]

Loan Amount=$202,650+ ($202,650 × 0.0175)

Loan Amount=$202,650 + $3,546.38

Loan Amount= $206,196.38

Therefore What will be the amount of their loan is $206,196.38

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A government announces it will impose an indirect tax on the price of petrol because it wants to discourage travel by car and en
balu736 [363]

The correct answer to this open question is the following.

Here we do not have a question. Just a statement.

What is your question? What do you want to know?

However, trying to help you we can comment on the following.

If the government announces it will impose an indirect tax on the price of petrol because it wants to discourage travel by car and encourage the use of bus and rail services instead, it had to make sure that the impact will have the expected benefits because that could not always be the case.  

Some other considerations need to be made for this to happen. For instance, if the government wants to dissuade people to use their cars, the government has to make sure that the public transportation system is in optimal conditions, it is safe to ride, and can guarantee the transportation times for people to be on time in their jobs.

Otherwise, people will still be driving their cars because they think that using cars is a more safe and better way to travel.

Public transportation also has to comply with strict pollution emissions controls.

3 0
3 years ago
Big Red Machines, a startup, has come up with a new product and has seen significant customer demand. Due to reinvestment in the
Bad White [126]

Answer:

The correct answer is "$ 30.34".

Explanation:

The value of the stock can be computed by the following formula:

⇒  \frac{Dividend \ in \ year \ 3}{(1 + Required \ return \ rate)2}  + \frac{Dividend \ in \ year \ 4}{(1 + Required \ return \ rate)3}  + \frac{Dividend \ in \ year \ 5}{(1 + Required \ return \ rate) 4 } + \frac{1}{(1 + Required \ return \ rate)4 }\times [\frac{( Dividend \ in \ year \ 5 (1 + Growth \ rate)} {( Required \ return \ rate - Growth \ rate)}]

On putting the values, we get

⇒  \frac{1.50}{1.08^2}  + \frac{1.60}{1.08^3}  + \frac{1.75}{1.08^4 } + \frac{1}{1.08^4} \times [  \frac{( 1.75\times 1.03)}{(0.08 - 0.03)}]

⇒  \frac{1.50}{1.08^2 } + \frac{1.60}{ 1.08^3 } + \frac{37.80}{ 1.08^4  }

⇒  30.34 ($)

8 0
3 years ago
An owner who is active in managing the company, and who has unlimited liability for claims against the firm is a(n) ___________
Law Incorporation [45]

An owner who is active in managing the company, and who has unlimited liability for claims against the firm is a "general" partner.

A general partnership, the essential type of association under common law is a course of action by which at least two people consent to partake in all advantages, benefits and monetary and legitimate liabilities of a business. Such partners have boundless liability, which implies their own assets are at risk to the partnership's commitments.  

6 0
3 years ago
The difference between the nominal interest rate and the real interest rate is
leonid [27]

Answer: the correct answer is letter D. the nominal interest rate is the stated interest rate whereas the real interest rate is the nominal interest rate minus the inflation rate.

Explanation: in financial maths when you speak about "real" rates you should consider the inflation impact.

8 0
3 years ago
Read 2 more answers
Consider a bakery in your community. Ingredients such as sugar and butter would be examples of _____ costs.
scoray [572]

Ingredients such as sugar and butter would be examples of variable costs.

Fixed costs are cost that remain constant no matter the amount of output. Fixed costs examples are rent, loan, salaries.

Variable costs are cost which change with a change in output as the business provides more services. Variable cost examples are cost of raw materials, commissions and so on.

Find out more at: brainly.com/question/14083670

5 0
2 years ago
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