Question
Fred purchased a small retail center for $350,000. Fred placed $100,000 down and obtained an interest-only loan for $250,000 at 10% annual interest. At the
Fred purchased a small retail center for $350,000. Fred placed $100,000 down and obtained an interest-only loan for $250,000 at 10% annual interest. At the end of one year, the building was sold for $410,000. How much money did Fred gain on this investment?
| A. | $25,000 | |
| B. | $45,000 | |
| C. | $60,000 | |
| D. | $35,000 |
Because many mortgage loans are sold in the secondary market, lenders use _____________ guidelines that are based on what secondary market participants are willing to buy.
| A. | income ratio | |
| B. | demographic | |
| C. | ethnic | |
| D. | architectural style |
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Process Audits And 6 Sigma Excellence To Mitigate Risk And Improve Business Performance
Authors: Mr Indulis Laimonis Svikis
1st Edition
B09M5FPYR4, 979-8769768996
