If the lender agrees not to start an action, it is called <u>"forbearance."</u>
With regards to a mortgage process, forbearance is an extraordinary assention between the lender and the borrower to postpone a foreclosure. The literal significance of avoidance is “holding back.”
At the point when mortgage borrowers can't meet their repayment terms, moneylenders may select to abandon. To keep away from dispossession, the loan specialist and the borrower can make an assention called "forbearance". As per this understanding, the loan specialist defers its entitlement to practice dispossession if the borrower can get up to speed to its installment plan by a specific time. This period and the installment plan rely upon the subtle elements of the understanding that is acknowledged by the two gatherings.
<span>To find the compound interest of an investment you have to use this formula, A = P(1 + r/n)^nt, where A is the total amount you have after the investment period, P is the amount you invest or the amount you put in, r is the rate of the of the compound interest in this case 10%, n is the amount of time the interest will be compounded for example, 4 months a year(quarterly) or 6 months a year(semi annually), and t is the amount of time you invest in years.
So in this case you are going to substitute everything in the formula with their given value. So P = $700, r = 10%, n = 21 (because it is the number of months we invest for), and t = 2 years (because 21 months fit perfectly in 2 years, and t must always be in years). The resulting formula will be A = $700(1 + 0.1/21)^(21 x 2), which will give you an answer of $855 rounded to the nearest dollar.</span>
Answer:
d. it is balanced.
Explanation:
A budget is defined as the amount of money that is set aside for some future purpose. It is a way to effectively manage funds and avoids wastage. When one is going out of their budget they know is is an unallocated cost and this will lead to unbalanced funding for needs.
In this scenario the total budget of Jackie is
Monthly budget= fixed expenses+ living expenses+ annual expense
Monthly budget = 1,640+ 1,320+ 260
Monthly budget= $3,220
Yearly budget= monthly budget* 12
Yearly budget= 3,220* 12= $38,640
This is a perfect balance with her annual net income.
Answer:
A) 964,286
B) 14
C) 750,000
Explanation:
The portfolios expected return = (0.5 x $70,000) + (0.5 x $200,000) = $35,000 + $100,000 = $135,000
If the risk free investment yields 6% per year, and you require a risk premium of 8%, then the total interest rate that the portfolio yields must be 6% + 8% = 14%
you will be willing to pay: $135,000 / 14% = $964,286 for the portfolio
if the risk premium increase by 4%, then the price of the portfolio will decrease to: $135,000 / 18% = $750,000
Retained earning must have been C. $413,640 on December 31, 2016
