answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vika [28.1K]
2 years ago
15

Janice wants to get a mortgage for her new vacation condo. She pays $56,000 for the condo and has a 7% interest rate for a 7-yea

r term. Under the terms of the mortgage, Janice pays interest only until the final payment when the principal is paid off. What type of loan is this?
Business
1 answer:
N76 [4]2 years ago
3 0

Answer:

It is a Bullet Loan

Explanation:

A bullet loan is a type of loan in which the principal that is borrowed and sometimes with the interest are paid back at the end of the loan period by the borrower.

Essentially, the flexibility in the terms mean that a borrower is going to be saving a large payment until the end of the repayment period and with this borrowers can get access to loans they wouldn't have been  able to afford if such  flexibility doesn't exist.

However, this type of loan can be extremely risk for the borrower especially if things didn't go as planned.

l0203
2 years ago
No that is all wrong
l0203
2 years ago
It's a butt buisness loan LUL
You might be interested in
27. Person X pushes twice as hard against a stationary brick wall as person Y. Which one of the following statements is correct?
lbvjy [14]

Answer:B Both do positive work, but person X does twice as old as person Y

Explanation:

It means X has put in double the efforts of Y. That for every one efforts of Y, X does two and for every two he does four etc

8 0
2 years ago
Midyear on July 31st, the Digby Corporation's balance sheet reported: Total Liabilities of $77.152 million Cash of $6.030 millio
jonny [76]

Answer:

$45.027 million

Explanation:

The accounting equation shows the relationship between the various elements of the balance sheet. These are the assets, liabilities and equity. It is given as

Assets = Liabilities + Equity

The owner's equity is made up of the common stock and retained earnings (which is the net income less dividend paid over the period).

Equity = $125.989 million - $77.152 million

= $48.837  million

Retained earnings = Equity - Common stock

= $48.837  million - $3.810 million

= $45.027 million

Digby Corporation's retained earnings is $45.027 million

5 0
2 years ago
The Mass Rapid Transit (MRT) System in Hong Kong has been running significant losses. Transport Ministry officials have argued o
Aleonysh [2.5K]

Answer:

A) -0.55

B) The  negativity in the estimated elasticity suggests that for every 1% increase in the price of transport there will be a corresponding 0.55% decrease in  the number of Commuters

Explanation:

Given data:

current fare (P0) = $4

hiked fare (P1)  = $6

change in fare = $2

number of rides before increase ( Q0 ) = 10000

number of rides after increase ( Q1 ) = 8000

change in rides = 2000

A) The estimated elasticity of demand for MRT rides using the midpoint /ARC method

Mid point method = [ ( Q1 - Q0 ) / ( Q1 + Q0 ) ] / [ (P1 - P0 ) / (P1 + P0 ) ]

                              = [ - 2000 / 18000 ]  / [ 2 / 10 ]

                              = - 1000 / 1800 =  - 5 / 9 ( estimated elasticity )

= - 0.55

B) The  negativity in the estimated elasticity suggests that for every 1% increase in the price of transport there will be a corresponding 0.55% decrease in Commuters

4 0
2 years ago
Joe and Debra are deeply interested in the well-being of the cocoa farmers they buy from. Imagine that they were thinking about
3241004551 [841]

Answer:

The correct answers are letters "B" and "D".

Explanation:

The global service system of Theo Chocolate provides a great opportunity for some of its staff to get a <em>deeper insight into how the company's different markets work</em>. Operations in different regions include coping with different cultures which also include talking about different people and consumer patterns. Thus, all this information can be collected by the employees who are sent for one year to work in those regions.

Furthermore, chances of <em>diversification chances may appear in spotting the opportunities</em> of Theo Chocolate in foreign markets. The organization must ensure that the members sent for the exchange experience are well trained to get the most out of the global service program.

7 0
2 years ago
Read 2 more answers
A corporation’s articles of incorporation can be changed relatively easily. True False
Stels [109]

Answer:

False

Explanation:

Nothing is ever easy

7 0
2 years ago
Other questions:
  • "Hewlett-Packard founders David Packard and William Hewlett strived to create a close-knit organizational culture that gave a lo
    9·2 answers
  • Consistency of behavior is an asset to an organization when the organization Group of answer choices Has an aggressive culture E
    15·1 answer
  • Clean Chemical Corp. recently moved its operations from Houston, Texas, to Somalia. The decision to move was the result of new f
    14·1 answer
  • Assume you are the president of High Power Corporation. At the end of the first year of operations (December 31), the following
    15·1 answer
  • Pike Corporation has total stockholders' equity of $8,690,000 as of December 31, 2017. The company has 300,000 shares of $2 par
    6·2 answers
  • 4. True, False or Uncertain. For each of the following statements determine if the statement is TRUE, FALSE, or UNCERTAIN. You m
    14·1 answer
  • Fashion, Inc. had a Retained Earnings balance of $16,000 at December 31, 2021. The company had an average income of $6,500 over
    5·1 answer
  • If the stock market was perfectly, efficient, which of the following would be true?
    11·1 answer
  • An institutional broker wants to review their book of customers to see which are most active. Given a list of trades by customer
    9·1 answer
  • Theresa leased a one-bedroom apartment from Landlady for one year at $500 per month. After three months, she vacated the apartme
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!