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3 years ago

A mortgage is a legal agreement between a borrower and a

Business

2 answers:

Karo-lina-s [1.5K]3 years ago

8 0

A mortgage is a legal agreement between a borrower and a lender.

The mortgage loan agreement sets the terms of the contract between a lender and a borrower: it gives the borrower access to the money but also grants the lender the right to take possession of the mortgaged property if the borrower does not pay the loan's installments.

djyliett [7]3 years ago

7 0

Lender
which is usually the bank

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At the beginning of her current tax year, Angela purchased a zero-coupon corporate bond at original issue for $30,000 with a yie

lisabon 2012 [21]

Answer:

She will report an interest income of $1,827 for this year.

Explanation:

The yield to maturity is 6%. However, the interest on the bond is compounded semi-annually. Therefore, we need to calculate the interest income for either semi-annual period and then sum the two incomes.

Interest income for first semi-annual period

= $30,000 x 0.06 x 6/12

= $900

Interest income for second semi-annual period

= ($30,000 + $900) x 0.06 x 6/12

= $30,900 x 0.06 x 6/12

= $927

Interest income for the year

= $900 + $927

= $ 1,827

4 0

3 years ago

Read 2 more answers

The Economic Research Service of the U.S. Department of Agriculture provides information on topics from how many dairies there a

balandron [24]

Answer:

external secondary data

Explanation:

Secondary data is information collected by other people or other sources. The most common secondary data sources are national censuses, sales reports, economic reports, etc.

This type of data is very useful because it can help us to reduce the costs of a marketing research or other types of studies. A lot of information can be found on the internet, but you must try to use only the information that comes from reliable sources.

5 0

3 years ago

Your broker requires an initial margin of $878 per futures contract on wheat and a maintenance margin of $650 per contract. Whea

Shkiper50 [21]

Answer:

b. Call for $1,500

Explanation:

According to the scenario, computation of the given data are as follow:-

We can calculate the amount of margin call by using following formula:-

Loss of today = future contracts based total bushels × total contract × (settlement cost per bushels - future contract price per bushels)

= 5,000 cents × 6 × (390 cents - 385 cents)

= 5,000 cents × 6 × 5 cents

= 150,000 cents

And we know that

100 cents = 1 dollar

so,

150,000 cents ÷ 100 =$1,500

Initial margin $878 per future contract and maintenance margin $650 per contract, Margins of both are less than loss .So we have to pay $1,500 in initial margin.

According to the analysis, we will receive $1,500 margin call.

Therefore option (B) call for $1,500 is correct.

8 0

2 years ago

Elaina and Allen just purchased a home using a deed of trust. Which of the following is most likely true about their home loan

kozerog [31]

Elaina and Allen just purchased a home using a deed of trust: A trustee will keep the title in its most basic form until the debt is paid off. This is further explained below.

<h3>What is a deed of trust?</h3>

Generally, From the perspective of the lender, a deed of trust offers a significant advantage over a mortgage in a number of important respects. In the event that the borrower fails to make their required payments on the loan, the trustee has the authority to use their right to foreclose on the property on behalf of the beneficiary.

In conclusion, A deed of trust was used in the recent purchase of a property by Elaina and Allen. Until the mortgage debt is completely paid off, a trustee will retain the title in its simplest form.