Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 26, 2024

James buys a house worth $209 thousand, puts down $44 thousand of his own money, and takes out a mortgage for the rest to help

James buys a house worth $209 thousand, puts down $44 thousand of his own money, and takes out a mortgage for the rest to help him finance the purchase. What is the loan to value ratio on this mortgage?

Enter answer in percents.

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

Financial Management In The Sport Industry

Authors: Matthew T Brown, Daniel Rascher, Mark S Nagel, Chad Mcevoy

1st Edition

1934432040, 978-1934432044

More Books

Students also viewed these Finance questions

Question

★★★★★

House of Haddock has 5,000 shares outstanding and the stock price is $140. The company is expected to pay a dividend of $20 per share next year and thereafter the dividend is expected to grow...

Answered: 1 week ago

Question

★★★★★

A cable having a weight per unit length of 5lb/ft is suspended between supports A and B. Determine the equation of the catenary curve of the cable and the cable?s length. 150 ft B. 30 30

Answered: 1 week ago

Question

★★★★★

13. Let X be exponential with mean 1/; that is, fX (x) = ex , 0 1].

Answered: 1 week ago

Question

★★★★★

Assume an economy with two firms. Firm A produces wheat and firm B produces bread. In a given year, firm A produces 50,000 bushels of wheat, sells 20,000 bushels to firm B at $3 per bushel, exports...

Answered: 1 week ago

Question

★★★★★

1. During the past several decades, many large hospitality businesses - such as McD., Marriott International - have invested into international markets such as Asia, Europe, and other places. They...

Answered: 1 week ago

Question

★★★★★

Scot and Vidia, married taxpayers, earn $241,300 in taxable income and $5,000 in interest from an investment in City of Tampa bonds. (Use the U.S. tax rate schedule for married filing jointly)....

Answered: 1 week ago

Question

★★★★★

Solve the following problems using Mohr's circle. Given: P = 10.5 ksi + P Normal stresses: Ox'= Oy= 8 ksi Draw Mohr's circle and use it to determine the normal and shearing stresses after the element...

Answered: 1 week ago

Question

★★★★★

2. (6 points) Calculate the charge of a 4.0 g sample of Zinc (atomic number 30, atomic mass 65.37 g/mole, density 7.133g/cm) from which one electron out of every 101 electrons has been removed

Answered: 1 week ago

Question

★★★★★

Which two of the following statements are true about acquisition intelligence during the acquisition life cycle? A. Manages thresholds/objectives requirements to meet or exceed expected threat...

Answered: 1 week ago

Question

★★★★★

During the release of an important product, a vice president for a different product line brought a valid concern to the project team, which had to be completed before the release. The vice president...

Answered: 1 week ago

Question

★★★★★

Lars acquired a new network system on June 5, 2022 (five-year class property), for $55,000. She expects taxable income from the business will always be about $145,000 without regard to the 179...

Answered: 1 week ago

Question

★★★★★

3. How should the background-checking process be improved at Sunrise Academy? Sunrise Academy, a privately run technical college, has been operating now for four successful years. Executive Director...

Answered: 1 week ago

Question

★★★★★

8.2 Explain the purpose of onboarding programs.

Answered: 1 week ago

Question

★★★★★

2. Do we get treated differently based on others first impressions of us?

Answered: 1 week ago

Previous Question Next Question