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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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How do banks benefit of giving people loans

Kitty [74]

Answer: It all ties back to the fundamental way banks make money: Banks use depositors' money to make loans. The amount of interest the banks collect on the loans is greater than the amount of interest they pay to customers with savings accounts—and the difference is the banks' profit.

Explanation: Hopefully this helped!

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yaroslaw [1]

Answer:

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A tax exempt municipality is considering the construction of a new municipal waste water treatment facility. Two different sites

In-s [12.5K]

Answer:

The incremental benefit/cost ratio for Alt A is 2.15 and The incremental benefit/cost ratio for Alt B is 1.35

Explanation:

In order to calculate the incremental benefit/cost ratio for both of the two alternatives we would have to make the following calculations:

For ALT A

PV of benefits = $2,111,404 * [1-(1.06)^-75]/0.06 = $34,744,943.5

Therefore, incremental benefit cost ratio = $34,744,943.5/$16,161,644 = 2.15

The incremental benefit/cost ratio for Alt A is 2.15

For ALT B

incremental benefits = ($3,019,639 -$2,111,404) * [1-(1.06)^-75]/0.06 = $14,945,777.2

incremental benefits = $27,211,376 - $16,161,644 = $11,049,732

Therefore, incremental benefit cost ratio = $14,945,777.2/$11,049,732 = 1.35

The incremental benefit/cost ratio for Alt B is 1.35

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3 years ago