Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 03, 2024

A property was assessed at $ 3 0 , 0 0 0 , appraised for $ 7 5 , 0 0 0 and sold for

A property was assessed at $

30, 000,

appraised for $

75, 000

and sold for $

78, 000 .

If the lender's LTV was

70 %,

the loan will be which amount?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Sitting Pretty On A Fixed Income Personal Finance Secrets For Seniors

Authors: FC&A Medical Publishing

1st Edition

1935574582, 9781935574583

More Books

Students also viewed these Finance questions

Question

★★★★★

A charity has found that 42% of all donors from last year will donate again this year. A random sample of 300 donors from last year was taken. a. What is the standard error of the sample proportion...

Answered: 1 week ago

Question

★★★★★

Use the function f(x) to answer the questions: f(x) = 2x 2 x 10 Part A: What are the x-intercepts of the graph of f(x)? Show your work. Part B: Is the vertex of the graph of f(x) going to be a...

Answered: 1 week ago

Question

★★★★★

2. 13.6b What does a beta coefficient measure?

Answered: 1 week ago

Question

★★★★★

The comparative financial statements of Kenmore Pools. Inc. for 2017, 2016, and 2015 included the following select data: Requirements 1. Compute these ratios for 2017 and 2016: a. Current ratio b....

Answered: 1 week ago

Question

★★★★★

A property was assessed at $ 3 0 , 0 0 0 , appraised for $ 7 5 , 0 0 0 and sold for $ 7 8 , 0 0 0 . If the lender's LTV was 7 0 % , the loan will be which amount?

Answered: 1 week ago

Question

★★★★★

Special-Order Decision, Alternatives, Relevant Costs Sequoia Paper Products, Inc., manufactures boxed stationery for sale to specialty shops. Currently, the company is operating at 90 percent of...

Answered: 1 week ago

Question

★★★★★

This assignment is very urgent! Be as Accurate as possible providing explanations to each answer. Chapter 1 1.Managerial Accounting and Financial Accounting differ in the following way: A. Financial...

Answered: 1 week ago

Question

★★★★★

How can a company effectively use social media marketing to increase conversions and improve customer retention?

Answered: 1 week ago

Question

★★★★★

Mention Newton's laws with examples and on what is Newton's third law based?

Answered: 1 week ago

Question

★★★★★

Write Kepler's laws and tell on which principle Kepler's laws are based. Explain in detail.

Answered: 1 week ago

Question

★★★★★

Different formulas for mathematical core areas.

Answered: 1 week ago

Previous Question Next Question