a) How big of a loan can you afford? b) How much total money will you pay the loan company? C) How much of that money is interest?

Q: Finding the total interest of a loan is similar to finding the total interest in an annuity's

A: When you take a loan then you have to make payments towards the principal amount as well as towards…

Q: If a friend who’d never heard of amortization before asked you to explain how loan payments work,…

A: Amortization is a technique used in accounting to decrease the book value of such a loan or…

Q: the lending operation, how many types of loans security?

A: In lending operations banks for their safety of loans ask  for some collateral.You have to provide…

Q: Which one of the following statements does not describe liabilities correctly? Select one: O a. Most…

A: Liabilities are described as obligations which are required to be paid by the business. These are…

Q: ate one (1) problem situation concerning a loan amortization problem. Make a brief description of…

A: We need to create a loan amortization table for any practical situation.

Q: nterest is a method of calculating the interest to be paid on a loan by combining the principal…

A: Add on interest refers to the method which is used when the person acquire the loan or the mortgage…

Q: Is AJ correct in computing the interest? How much should AJ pay in total and would the equipment be…

A: The question is based on the concept of interest calculation of loans. The interest amount can be…

Q: Which is not a metric used by lenders to measure the overall suitability of a loan: 1) Loan to…

A: Loan to value ratio- It is a measure of indebtedness which divides the outstanding debt by the…

Q: (1) How does getting a secured loan using accounts receivable as collateral differ from factoring?…

A: Hi student Since there are multiple questions, we will answer only first question. Sales means…

Q: 1) How much can you take out or borrow without penalty for a down payment? 2) What is the maximum…

A: IRA- Individual retirement account is the account being maintained during the employment life of the…

Q: HOW TO Find the finance charge of an installment loan.

A: Finance Charge: Generally speaking, financial charges are any fees or charges associated with…

Q: 1. What is the amount of net free assets? 2. What is the estimated loss n asset realization? 3.…

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: Classify the following items as (1) on-balance-sheet assets, (2) on-balance sheet liabilities, (3)…

A: Off-balance sheet items include the items that are not represented in the balance sheet. Whereas,…

Q: Suppose you purchase a home and secure a loan for $165,000.  If the bank charges a fee of 3 points,…

A: Points can be defined as the percentage of an amount that is to be paid to the bank, In the above…

Q: If you are borrowing money to purchase a car, the loan agreement will likely include: Select an…

A: When you take a loan to buy a car then the concerned bank or financial institution will provide you…

Q: QUESTIONS: 1. How much are the total free assets? 2 How much are the unsecured liabilities with…

A: The given question has more than 3 subparts so as per the policy of the company only the first 3…

Q: (Remember to find the total amount paid over the life of the loan and subtract from house cost) What…

A: Loan Amortization: It is the process of paying the loan amount by making periodic payments by the…

Q: What is the Importance of Accrued Interest and Loan Payments?

A: When the bonds are being purchased and sold at that time accrued interest is considered to be…

Q: What are the primary tools, and how are they used by lenders when determining whether they will lend…

A: Introduction : The given question relates to the concept of creditworthiness. The creditworthiness…

Q: Participation #3:   Discuss mortgage loans in terms of the time value of money and loan…

A: A mortgage loan originates when an asset is purchased with loan. The mortgage loan is repaid in…

Q: The actual amount that is given to the borrower is called the after the loan has been discounted.

A: Basically a discounted loan has three components Discount Proceeds Maturity Value

Q: a) How big of a loan can you afford? b) How much total money will you pay the loan company? c) How…

A: Loan is financial agreement where a person (lender) lends lump-sum money to other person (borrower)…

Q: What is the amount (in $) of interest on this loan? After making a few "shopping" calls, you find…

A: To find amount of Interest for a loan of $1,100,000 at 14% for 90 days using the ordinary Interest…

Q: Explain how a firm that expects to need funds in the upcoming year might make sure the needed funds…

A: Note: According to the policy, we are supposed to provide the solution of one question at a time,…

Q: Which of the following is a secured loan? A - All of these are secured loans B - accounts…

A: A secured loan is a loan that is secured against some collateral security; under this the lender can…

Q: Which is the proper accounting treatment for a mortgage payment? a) Debit: Expense Debt Service…

A: A mortgage payment is a payment of liability for the organization. A reduction in liability is…

Q: Explain how an ordinary annuity is involved when you take out an auto loan from a bank?

A: Hi There, Thanks for posting the question. As per our Q&A guidelines, must be answered only one…

Q: Directions: Identify if the problem involves simple interest or compound interest. Then, solve the…

A: The simple interest implies the interest levied on the principal amount only. The formula of the…

Q: You are taking out a new loan of $140,000 that includes an origination fee of 4.5%. How much money…

A: Given, New loan = $140,000 Origination fees = 4.5%

Q: ents plus the interest on the remaining loan. What was the amount of the loan? What was the amount…

A: in this problem payment is made by four equal payment plus interest on remaining amount.

Q: Calculating the Cost of ATM Fees. If a person has ATM fees each month of $16 for 7 years, what…

A: ATM fees per month = $ 16 Period = 7 Years Number of months = 16*7 = 112

Q: True or false?  Interest received on loans made to borrowers is an example of an investing activity.

A: The investing activities of the cash flow statement record the amount incurred for purchasing the…

Q: How long does it take you to eliminate the debt?

A: The debt refers to the financial instruments which are bought by investors, or corporations, or…

Q: Discuss the various types of short term finance available to a business like Edgars and Jet to meet…

A: Short-term finance sources are those sources which provide funds to a business for the duration of…

Q: Given the role of the loan originator in the securitization process of a mortgage loan described in…

A: Securitization: A process of combining various financial assets and then selling this pool to…

Q: This is a Debt Coverage Ratio or DCR question for part a and a CAP rate question for part b]. Wendy…

A: According to the question, we are required to compute the NOI, largest annual payment to the bank,…

Q: D. What is the effect of the lender's increasing the loan's interest rate just before closing A. The…

A: A lender can not change the interest the loan rate just before the closing. It seems unethical for…

Q: If a bank client requests a loan for the acquisition of real estate, what type of loan is he/she…

A: Most clients take a home loan for purchasing real estate. For this they have to comply with certain…

Q: а. What would be the best way to describe Chen's agreement: reducing balance loan, interest-only…

A: Concept of basic Accounting

Q: how much can you borroW?

A: Given: APR = 5% Monthly payment = $200

Q: The original amount of money in a loan transaction is known as what?

A: Introduction: A loan is nothing but an amount of money lent from one or more individuals or…

Q: 1) What would be the gross profit margin and net profit margin? 2) what is the relevance of…

A: The gross profit margin estimates the financial stability of the company.it is the balance left…

Q: lending of things/money to individuals or organizations that is expected to be paid back on acertain…

A: The term loan can be defined as the monetary assistance given to the borrower by a lender in…

Q: Please help me answer the following time value of money question. Edison borrowed $10,000 from the…

A: we use rate function in excel to find the interest rate charged over the period of the loan

Q: What are the use of primary tools, and how are they used by lenders when determining whether they…

A: The primary tools used by the lenders include the 5 C's of credit, which helps the lenders in…