BuyFind

Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
Publisher: Cengage Learning
ISBN: 9781305585447
BuyFind

Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
Publisher: Cengage Learning
ISBN: 9781305585447

Solutions

Chapter
Section
Chapter 14, Problem 1CR
Textbook Problem

Land, including permanent improvements on that land, is known as ___________. (14-1)

Expert Solution
To determine

To fill: The blank space in the statement. “Land, including the permanent improvements on that land is known as ______”.

Answer to Problem 1CR

Solution:

The complete statement is, “Land, including the permanent improvements on that land is known as real estate”.

Explanation of Solution

Real estate is defined as land including air above and land below.

All the permanent transformation done on the land like building houses, apartments, hotels, shopping complex or any other real property comes under real estate.

Thus, land, including the permanent improvements on that land is known as real estate.

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Chapter 14 Solutions

Contemporary Mathematics for Business & Consumers
Ch. 14.I - Using Table 14-1 as needed, calculate the required...Ch. 14.I - Using Table 14-1 as needed, calculate the required...Ch. 14.I - 8. Marc Bove purchased a home with a $78,500...Ch. 14.I - As one of the loan officers for Grove Gate Bank,...Ch. 14.I - As one of the loan officers for Grove Gate Bank,...Ch. 14.I - As one of the loan officers for Grove Gate Bank,...Ch. 14.I - As one of the loan officers for Grove Gate Bank,...Ch. 14.I - As one of the loan officers for Grove Gate Bank,...Ch. 14.I - As one of the loan officers for Grove Gate Bank,...Ch. 14.I - Ben and Mal Scott plan to buy a home for $272,900....Ch. 14.I - 16. Michael Sanchez purchased a condominium for...Ch. 14.I - 17. Luis Schambach is shopping for a 15-year...Ch. 14.I - 18. Phil Pittman is interested in a fixed-rate...Ch. 14.I - 19. Larry and Cindy Lynden purchased a townhome in...Ch. 14.I - Heather Gott bought a home with an adjustable-rate...Ch. 14.I - Joe and Gloria Moutran art purchasing a house in...Ch. 14.I - 22. You are a real estate broker for Aurora...Ch. 14.II - Justin Schaefer owns a home that was recently...Ch. 14.II - Roman Bass cams a gross income of $3,100 per...Ch. 14.II - For the following second mortgage applications,...Ch. 14.II - For the following second mortgage applications,...Ch. 14.II - For the following second mortgage applications,...Ch. 14.II - For the following second mortgage applications,...Ch. 14.II - For the following second mortgage applications,...Ch. 14.II - For the following second mortgage applications,...Ch. 14.II - For the following second mortgage applications,...Ch. 14.II - Calculate the housing expense ratio and the total...Ch. 14.II - Calculate the housing expense ratio and the total...Ch. 14.II - Calculate the housing expense ratio and the total...Ch. 14.II - Calculate the housing expense ratio and the total...Ch. 14.II - Calculate the housing expense ratio and the total...Ch. 14.II - Calculate the housing expense ratio and the total...Ch. 14.II - Calculate the housing expense ratio and the total...Ch. 14.II - Use Exhibit 14-4, Lending Ratio Guidelines, on...Ch. 14.II - 16. Ronald and Samantha Brady recently had their...Ch. 14.II - 17. The Barclays own a home that was recently...Ch. 14.II - Ransford and Alda Mariano own a home recently...Ch. 14.II - Michelle Heaster is thinking about building an...Ch. 14.II - Jamie and Alice Newmark have a combined monthly...Ch. 14.II - You are a mortgage broker at Interamerican Bank....Ch. 14.II - According to moncy.CNN.com. with mortguge rates...Ch. 14 - 1. Land, including permanent improvements on that...Ch. 14 - A(n) ___________ is a loan in which real property...Ch. 14 - Mortgage ___________ points are an extra charge...Ch. 14 - 4. A chart that shows the month-by-month breakdown...Ch. 14 - 5. A(n) ___________ account is a bank account used...Ch. 14 - Today most mortgage payments include four parts,...Ch. 14 - The final step in a real estate transaction is a...Ch. 14 - 8. The official document representing the right of...Ch. 14 - 9. List four mortgage loan closing costs. (14-4) Ch. 14 - A mortgage in which the interest rate changes...Ch. 14 - A home equity ___________ is a lump-sum second...Ch. 14 - A home equity ___________ of credit is a revolving...Ch. 14 - 13. Write the formula for the housing expense...Ch. 14 - Write the formula for the total obligations ratio....Ch. 14 - You are one of the branch managers of the Insignia...Ch. 14 - You are one of the branch managers of the Insignia...Ch. 14 - Suzanne Arthurs purchased a home with a $146,100...Ch. 14 - Use Table 14-1 to calculate the monthly principal...Ch. 14 - Use Table 14-1 to calculate the monthly principal...Ch. 14 - For the following second mortgage applications,...Ch. 14 - For the following second mortgage applications,...Ch. 14 - For the following second mortgage applications,...Ch. 14 - For the following mortgage applications, calculate...Ch. 14 - For the following mortgage applications, calculate...Ch. 14 - 11. As a loan officer using the Lending Ratio...Ch. 14 - 12. Dale Evans bought the Lazy D Ranch with an...Ch. 14 - 13. Diversified Investments purchased a 24-unit...Ch. 14 - Larry Mager purchased a ski lodge in Telluride for...Ch. 14 - 15. A Denny’s Restaurant franchisee is looking for...Ch. 14 - 16. How much more total interest will be paid on a...Ch. 14 - Adam Marsh is purchasing a $134,000 condominium...Ch. 14 - 18. Martin Ellingham is negotiating to buy a...Ch. 14 - 19. The Randolphs own a home that recently...Ch. 14 - 20. Jonathan and Kimberly Schwartz live in a home...Ch. 14 - 21. Phil Armstrong earns a gross income of $5,355...Ch. 14 - 22. Magda Leon is applying for a home mortgage...

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