Suppose you are buying the first house for $500,000 with 20 down payment You have arranged to finance the remaining amount with a 15 year, monthly payment, amortized mortgage at nominal annual rate of 3 6 What is remaining balance after 10 years with 120 monthly payments $180,68 90 $79,777 39 $167,123 45 $157,881 37 Which of the following statements is are INCORRECT Unlimited liability and limited life are two key advantages of the corporate form over other forms of busiess organizations Limited liability is an advantage of the corporate form of organization to its owners (stockholders) When a stocks intrinsic value is higher than its market price, then the stock is undervalued Sarbanes Oxley Act (SOX) emphasizes that CEO and CFO are not required to certify annual report because the firm has already hired the accounting firm to certify all of its financial statements, including annual reports Both a and d are incorrect statements

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Posted on Oct 05, 2024

Suppose you are buying the first house for $500,000 with 20% down payment. You have arranged to finance the remaining amount with a 15-year, monthly

Suppose you are buying the first house for $500,000 with 20% down payment. You have arranged to finance the remaining amount with a 15-year, monthly payment, amortized mortgage at nominal annual rate of 3.6%. What is remaining balance after 10 years with 120 monthly payments?

$180,68.90
$79,777.39
$167,123.45
$157,881.37

Which of the following statements is/are INCORRECT?

Unlimited liability and limited life are two key advantages of the corporate form over other forms of busiess organizations.
Limited liability is an advantage of the corporate form of organization to its owners (stockholders).
When a stocks intrinsic value is higher than its market price, then the stock is undervalued.
Sarbanes-Oxley Act (SOX) emphasizes that CEO and CFO are not required to certify annual report because the firm has already hired the accounting firm to certify all of its financial statements, including annual reports.
Both a and d are incorrect statements.