Answer:
C. counseled a borrower about loan terms
Explanation:
Jerry works for mortgage broker Sue. Jerry would need to be state licensed Mortgage Loan Originator (MLO) if he counseled a borrower about loan terms.
Mortgage loan originator is an individual or institution who is the original lender, ensures the loan falls through and closing it. They are usually saddled with the responsibility of persuading and counseling a borrower in getting a mortgage loan.
It can impact your ability to be approved for bank loans.
Answer:
$6,809.04
Explanation:
Calculation to determine what her net pay for the month is
Gross Pay (a) $8,988
Less: Deductions
Social Security Tax $557.26
($8,988 * 6.2%)
Medicare Tax $130.33
($8,988 * 1.45%)
Federal income Tax $1,491.37
Total Deductions (b) $2,178.96
Net Pay (a-b) $6,809.04
($8,988-$2,178.96)
Therefore her net pay for the month is $6,809.04
Answer:
$312,752
Explanation:
Weekly interest rate = [(0.06/365 + 1)^7] -1 * 100
Weekly interest rate = 1.0011525255 - 1 * 100
Weekly interest rate = 0.0011525255 * 100
Weekly interest rate = 0.1152%
No. of periods =52 weeks * 25 years = 1300
N = 1300; I/Y = 0.1152; PV = -2500; PMT = -100
Amount accumulated at the end = FV(1300, 0.1152, -2500, -100)
Amount accumulated at the end = $312,752 approximately