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
zalisa [80]
2 years ago
14

Ollie and Molly Overton have just taken out a 30-year straight term loan on their new "starter home" in Bellflower. This means t

hat:________.A. They will make payments of interest only, with the principal due on the loan due date in 30 years.B. They will make payments of principal only, with the accumulated interest due on the loan due date in 30 years.C. They will make payments of interest and principal on an equal basis until the final payment, which will be larger than the rest, is made at the end of the loan term.D. They will make regular payments of principal and interest, and the entire loan will be paid off by the end of the term.
Business
1 answer:
vivado [14]2 years ago
7 0

Answer:

A. They will make payments of interest only, with the principal due on the loan due date in 30 years.

Explanation:

In this scenario, Ollie and Molly Overton have just taken out a 30-year straight term loan on their new "starter home" in Bellflower.

A straight term loan is also known as a straight term mortgage or an interest only loan. It can be defined as a type of loan in which the borrower pays only interest during the term of the loan, while the entire principal amount is to be paid for with the final interest payment at the maturity date (loan due date).

This ultimately implies that, Ollie and Molly Overton will make payments of interest only, with the principal due on the loan due date in 30 years.

You might be interested in
What is a joint venture? Multiple Choice an effort in which one firm grants access to its patents and trademarks for a fee an ar
natali 33 [55]

Answer:

A cooperative effort among two or more organizations that share a common interest in a business enterprise or undertaking.

Explanation:

A joint venture is defined as a business agreement where two or more parties pool their resources together to achieve a common goal. Usually profits and losses are shared equally among the parties unless there is an agreement to share otherwise.

The joint venture is an independent entity that is seperate from its owners. That means any liability of the joint venture is not binding on the parties involved.

5 0
2 years ago
Read 2 more answers
Bradley is watching an interesting TV program with a group of friends. During the commercial break, he is unable to concentrate
ELEN [110]

Answer:

b. disturbances known as noise.

Explanation:

In the scenario given the question,  Bradley can't focus on ads because his friends are discussing the TV program. Bradley is unable to focus on commercial breaks as others are constantly discussing something else.

Their friends act disturbingly or verbally, acting as a hindrance.

so that as scenario of the question,

The correct answer is b. disturbances known as noise.

4 0
2 years ago
Berry, the seller, wants Paul, the broker, to change from a single agency relationship to a transaction broker. Paul agrees to d
Scorpion4ik [409]

Answer:

Before the listing agreement is signed.

Explanation:

A listing agreement is a contract between a property owner and a real estate broker asking the real estate broker to get a buyer for his or her property. The property owner implements the listing agreement so as to empower the real estate broker to act in the capacity of the agent to the owner in the course of trying to sell the property. Generally certain commission is paid to the real estate broker by the property owner.

8 0
2 years ago
A bond with a face value of $1,000 has 10 years until maturity, carries a coupon rate of 8.6%, and sells for $1,140. Interest is
nordsb [41]

Answer:

Price of bond=948.8583731

Explanation:

<em>The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV). </em>

Value of Bond = PV of interest + PV of RV

Semi-annual interest = 8.6% × 1,000 × 1/2 =43

Semi-annual yield = 9.4%/2=4.7 %

<em>PV of interest payment</em>

PV = A  (1- (1+r)^(-n))/r

A- 43, r-0.047, n- 20

= 43× (1-(1.047)^(-10)/0.047)

= 549.7724893

<em>PV of redemption Value</em>

PV = F × (1+r)^(-n)

F-1000, r-0.047, n- 20

PV = 1,000 ×   1.047^(-20)

PV = 399.0858837

Price of Bond

549.772 + 399.085

=948.8583731

4 0
2 years ago
​DeShawn's Detailing is a service that details cars at the​ customers' homes or places of work.​ DeShawn's cost for a basic deta
tensa zangetsu [6.8K]

Answer:

DeShawn not take offer engine detailing service

Explanation:

given data

cost = $40

charges = $75

total price = $90

additional charges = $20

to find out

Should DeShawn continue offer

solution

we know here De shawn marginal benefit is

marginal benefit = total price - charges

marginal benefit = 90 - 75

marginal benefit = $15

and

we have given additional charges is $20

so

we see marginal cost here less than the marginal revenue

so DeShawn not take offer engine detailing service

8 0
2 years ago
Other questions:
  • If i pay 10% extra of my regular charge each month on my bill of $35.00, how long until i have built up a full month's credit?"
    9·1 answer
  • Kenneth has entered a check payment of $350.25 in his checkbook. If the old balance was $545.95, what is his latest balance?
    15·1 answer
  • Janice, age 32, earns $50,000 working in 2019. She has no other income. Her medical expenses for the year total $5,250. During t
    13·1 answer
  • Santa Corporation issued a bond on January 1 of this year with a face value of $1,000. The bond's coupon rate is 6 percent and i
    12·1 answer
  • On January 1, Year 1, Sayers Company issued $280,000 of five-year, 6 percent bonds at 102. Interest is payable semiannually on J
    14·1 answer
  • Freddie's Market offers customers tissues, canned goods, napkins, and various detergents in basic packaging with no identified b
    8·1 answer
  • Vail is one of the largest ski resorts in the United States. Suppose that on October 1, 2021, Vail sells gift cards (lift passes
    12·1 answer
  • Esther and Holly have a disagreement over which company to present their business idea to. They decide to disregard their differ
    10·1 answer
  • Exchanging business cards in Asia must be done with respect, according to the customs and norms of the country or region. This p
    11·1 answer
  • Prepare Garzon Company's journal entries to record the following transactions for the current year. January 1 Purchases 9.5% bon
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!