How much would you have to put down on a house costing $100,000 if the house had

Question:

How much would you have to put down on a house costing $100,000 if the house had an appraised value of $105,000 and the lender required an 80 percent loan-to-value ratio?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Personal Financial Planning

ISBN: 978-1111971632

13th edition

Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley

See More Books

Question Posted: Feb 13, 2015 09:30 AM

See More Questions

How much would you have to pay for a U.S. government bond ($1,000 maturity value) scheduled to mature in November 2015 and quoted at 147:27 "asked"? The coupon rate on the bond is 9 percent.
How much would you have to put in the bank today to have $42,800 in 9 years if the interest rate is 7%?
How much would you have to invest today to receive: a. $15,000 in 8 years at 10 percent? b. $20,000 in 12 years at 13 percent? c. $6,000 each year for 10 years at 9 percent? d. $50,000 each year for...
Please show your work D To be a valid route, it must consist of a sequence of valid move. Each valid move is either going to the right for one block or going down for 1 block. T d) How many valid...
Nitrogen gas flows into a convergent nozzle at 200 kPa, 400 K and very low velocity. It flows out of the nozzle at 100 kPa, 330 K. If the nozzle is insulated find the exit velocity.
Design at a PR campaign for at least two of the goals stated in the introduction and provide details on how they could be implemented.
State the characteristics of internal control.
In her book Seven Signs of Ethical Collapse, Jennings explains: When an organization collapses ethically, it means that those in the organization have drifted into rationalizations and legalisms, and...
Eurobonds are debt instruments in the EU and will become non-transferable in the UK if Brexit occurs. True or False Answer one: Why true? OR Why false?
consider a university library scenario for developing the E-R model. Assume in a university There are multiple libraries and each library has multiple student membersStudents can become members to...
Use Worksheet 5.4. Miao Tian purchased a condominium four years ago for $180,000, paying $1,250 per month on her $162,000, 8 percent, 25-year mortgage. The current loan balance is $152,401. Recently,...
Explain how the composition of the principal and interest components of a fixed-rate mortgage changes over the life of the mortgage. What are the implications of this change?
What role do capital investment appraisal techniques have in investment appraisal in public sector organizations?
Show that the scalar $K$, which, according to Eq. (5.366), is constructed from the extrinsic curvature as $K=g^{\mu v} K_{\mu u}$, is equal to the covariant divergence of the normal vector field,...
An aircraft is in flight, and its $\mathrm{TAS}=220 \mathrm{~m} / \mathrm{s}$. The ambient temperature is $T=253 \mathrm{~K}$. What is the stagnation temperature on its leading edge?
A diver's watch resists an absolute pressure of 5.5 bar. At an ocean having density of $1025 \mathrm{~kg} / \mathrm{m}^{3}$ and exposing an atmospheric pressure of $1 \mathrm{bar}$, what depth...
Estimate TAS if an aircraft is at ALT $=9500 \mathrm{~m}$ and its Mach number $M$ is 0.5 .
The Mach number of an aircraft is $M=0.9$, and the local temperature is $T=-10^{\circ} \mathrm{C}$. What is its airspeed?
In monopolistic competition the tendency is toward too _________ firms in the industry. Monopolistically competitive industries will not reach _________ efficiency because firms in the industry do...
The Zwatch Company manufactures trendy, high-quality moderately priced watches. As Zwatch's senior financial analyst, you are asked to recommend a method of inventory costing. The CFO will use your...
In 2020, Annie Cook and several family members formed Treehouse Rentals, Inc., in Denver, Colorado. Treehouse is a closely held C corporation engaged in the rental real estate business. Treehouse...
Here is a portion of Ralph Grissom's budget record for April 2016. Fill in the blanks in columns 5 and6. Amount Budgeted Amount Spent Beginning Balance Monthly Surplus (Deficit) Surplus (Deficit)...
Use future or present value techniques to solve the following problems. a. Starting with $15,000, how much will you have in 10 years if you can earn 6 percent on your money? If you can earn only 4...
Over the past several years, Gwen Fong has been able to save regularly. As a result, she has $54,188 in savings and investments today. She wants to establish her own business in five years and feels...
ABC Corporation has an activity - based costing system with three activity cost pools - Machining, Setting Up , and Other. The company's overhead costs, which consist of equipment depreciation and...
Consolidated Balance Sheets - USD ( $ ) $ in Thousands Dec. 3 1 , 2 0 2 3 Dec. 3 1 , 2 0 2 2 Current assets: Cash and cash equivalents $ 9 8 , 5 0 0 $ 6 3 , 7 6 9 Restricted cash 2 , 5 3 2 Short -...
How does corporate governance contribute to investor confidence and stakeholder trust? Accounting

How much would you have to put down on a house costing $100,000 if the house had

Question:

Step by Step Answer:

Appraised value of the house 105000 80 o...View the full answer

Personal Financial Planning

Students also viewed these Corporate Finance questions