Answer:
The insurance company will pay the mortage of $400,000
Explanation:
Loan value = 96%* $500000
= $480000
75% LTV value = $375000
Portion of loan over 75% LTV= $105000.
This is the amount insured.
5 years later, Sam needs $400000 more to pay. But he defaults.
And he has only paid $100000 of mortgage loan.
So, insurance company will pay the remaining balance of the amount insured to Sam's lender.
Therefore, The insurance company will pay the mortage of $400,000.
Answer:B) $28,980.
Explanation:
Beginning inventory is 6,000 ounces
Closing inventory = 8,200 × 3 ounces × 25% = 6,150ounces
Budgeted production = 8,000 × 3 ounces=24,000
Direct material to be purchased = Closing inventory + Budgeted production - Beginning inventory= 29,400 ounces
Direct material to be purchased = 6,150ounces +24,000- 6,000 ounces
= 24,150 ounces
Now,For $1.20 per pounce, it would be
= 24,150 ounces × $1.20
= $28,980.
Answer:
discount; 1.8%
Explanation:
Calculation for the forward rate using this formula
forward rate=(F/S) - 1
Let plug in the formula
forward rate= ($1.60/$1.63) - 1
forward rate= -1.8 percent.
Therefore The forward DISCOUNT is 1.8 percent.
A because then she can gain interest on her money
