Answer:
A. the gamblers fallacy
Explanation:
This is because he is down a lot but he is still going to take the shot.
It can be deduced that a situation where the borrower is personally liable for a debt obligation when buying a home is known as a recourse loan.
<h3>What is a recourse loan?</h3>
It should be noted that a recourse loan simply means a situation when the borrower is personally liable for payment of all amounts that are due under the terms of the note.
In this situation, when a property that is encumbered by a mortgage is sold for an amount that is more than the value of the mortgage, then the mortgagor will not be obligated to pay the mortgagee the balance that's remaining.
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Answer: 11.95%
Explanation:
Present value of the bond before you sold it;
FV = 1,000
N = 6
PMT = 100 = 10% * 1,000
Rate = 8%
Using excel to calculate, use the PV function;
Present value of bond = $1,092.46
Present value of bond after you sell it;
FV = 1,000
N = 5
PMT = 100 = 10% * 1,000
Rate = 7%
Present value = $1,123.01
The Annual total rate of return will be = ( New Price - Old price + Income) / Old price
= ( 1,123.01 - 1,092.46 + 100) / 1,092.46
= 11.95%
Answer:
$2,668.67
Explanation:
Net present value is the present value of after-tax cash flows from an investment less the amount invested.
NPV can be calculated using a financial calculator
Cash flow in year 0 = $-28,000
Cash flow in year 1 = $12,000
Cash flow in year 2 = $13,000
Cash flow in year 3 = $12,000
I = 10%
NPV = $2,668.67
To find the NPV 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.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
Option C
Membership in the Knights of Labor was: open to all working people, including employers.
<u>Explanation:</u>
The Knights of Labor was a particularly growing team and the primary leading national labor party in the United States. Most of the utmost earlier associations restrained membership to proficient workers those with specific practice in a craft and white fellows. It dawned as a covert group proposed to defend its members from employer retaliations.
Emigrants, African Americans, and gentlewomen were also esteemed as members. the Knights of Labor gained patron amidst coal excavators in Pennsylvania, and with railroad operators By 1886, the Knights pretended more than 700,000 members everywhere.
