1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
KatRina [158]
2 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]2 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

You might be interested in
In inflation-adjusted dollars, how have average wages in the united states changed in the last 20 years?
blagie [28]
Wages have stayed the same. 

7 0
3 years ago
1. Describe the effect each action below will have on the money supply. Explain your reasoning.
makkiz [27]
The Fed sells $5 billion worth of T-bonds on the open market.
5 0
3 years ago
The sarbanes-oxley act created the _____ to protect the interests of investors and further the public interest in the preparatio
devlian [24]

The correct answer is the Public Company Accounting Oversity Board.

The Sarbanes-Oxley Act was enacted in 2002. It’s purpose was to protect investors and add additional oversight for corporations after a number of companies were caught up in accounting scandals and investors lost billions of dollars.

8 0
3 years ago
Alexandra owns stock in a corporation, and she just received 100 additional shares of stock as part of the corporation’s distrib
Marina CMI [18]

Answer:

The correct answer is A

Explanation:

Dividend is the amount of money or a payment which is made through the corporation or business to its shareholders, mostly as a distribution of profits. When the business or corporation have profits or the surplus, then the business is able to re- invest the profit further and then pay the proportion of the profit as the dividend to the company shareholders.

So, in this case, Alexandra who received 100 additional on the stock is the distribution of profit, which is called as dividends.

7 0
3 years ago
9. Suppose an investor has two choices:Choice 1: invest in a Bond A which is a 2-year bond with an interest rate of 12% Choice B
statuscvo [17]

Answer:

the answer is (C) both of the choices would produce the same return

6 0
3 years ago
Other questions:
  • Jasper Company has a defined benefit pension plan. Effective at the beginning of the current year, the company retroactively ame
    8·1 answer
  • Your friend is a business owner in a planned economy. In a few sentences, explain how central authority impacts his business.
    14·1 answer
  • Miss Kehinde, a kindergarten teacher, attends conferences, reads professional journals and is starting an advanced degree in ear
    15·1 answer
  • ​self-checkout at a grocery store is an example of
    10·1 answer
  • Which of the following is NOT one of the RESULTS of mass production? A) lower prices B)Product standardization C) increased trad
    6·1 answer
  • Hailey, Inc., has sales of $19,730, costs of $9,300, depreciation expense of $1,970, and interest expense of $1,460. Assume the
    6·1 answer
  • Is United States currency officially "backed" today?
    6·1 answer
  • What types of decision need to be made by groups?
    13·1 answer
  • Sugarland Company is using new cost drivers for its accounting system. One driver material handling for unit variable costs and
    8·1 answer
  • When Matt has an income of $2,000, he consumes 30 units of good A and 50 units of good B. After Matt's income increases to $3,00
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!