Business, 01.09.2019 15:50 laylay4527

1. which event will have the greatest impact (positive or negative) on one's net worth after one month?
buy a used car at market value for $15,000
buy a new car at market value for $15,000. car depreciates 20% upon transfer of ownership.
lease a $15,000 car on a 3 year lease. the monthly payment is $199 and all lease payments are required in the lease.
none of these events will impact the net worth of an individual
2. if a home mortgage has a term of 15 years and a payment of $1,000, what is the loan amount? (assume that there are no interest-free mortgages)
$180,000
$200,000
$360,000
less than $180,000
3. if a home buyer puts 20% down on a $200,000 house and uses a mortgage to borrow the rest, how much will the mortgage be (excluding any closing costs)?
$240,000
$160,000
$180,000
$200,000
4. which of the following will increase your net worth the most?
all of these increase net worth
purchase a used car valued at $7,000 with an auto loan for $7,000
purchase of house valued at $150,000 with $25,000 down and a mortgage of $125,000
sell a bike valued at $75 for $75 cash
none of these increase net worth
5. sub-prime lending rates are 1) than prime lending rates and are for people with credit.
1) lower 2) poor
1) lower 2) good
1) higher 2) poor
2) higher 2) good
6. which loan type isn't secured with collateral?
small business loans
subsidized student loans
auto loans
none of the answers are correct
all of the answers are correct
mortgages (home loans)

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 17:00

Good guys i hope you will me about this question,, plase

Answers: 1

Answer

Business, 21.06.2019 21:30

Mr. smith recently faced a choice between being (a) an economics profes-sor, which pays $60,000/yr, or (b) a safari leader, which pays $50,000/yr. after careful deliberation, smith took the safari job, but it was a close call. "for a dollar more," he said, "i'd have gone the other way."now smith's brother-in-law approaches him with a business proposition. the terms are as follows: - smith must resign his safari job to work full-time in his brother-in-law's business.- smith must give his brother-in-law an interest-free loan of $100,000, which will be repaid in full if and when smith leaves the business. (smith currently has much more than $100,000 in the the business will pay smith a salary of $70,000/yr. he will receive no other payment from the business.the interest rate is 10 percent per year. apart from salary considerations, smith feels that working in the business would be just as enjoyable as being an economics professor. for simplicity, assume there is no uncertainty regarding either smith's salary in the proposed business or the security of his monetary investment in it. should smith join his brother-in-law and, if so, how small would smith's salary from the business have to be to make it not worthwhile for him to join? if not, how large would smith's salary from the business have to be to make it worthwhile for him to join?

Answers: 1

Answer

Business, 22.06.2019 17:10

Calculate riverside’s financial ratios for 2014. assume that riverside had $1,000,000 in lease payments and $1,400,000 in debt principal repayments in 2014. (hint: use the book discussion to identify the applicable ratios.)

Answers: 3

Answer

Business, 22.06.2019 19:20

Sanibel autos inc. merged with its competitor vroom autos inc. this allowed sanibel autos to use its technological competencies along with vroom autos' marketing capabilities to capture a larger market share than what the two entities individually held. what type of integration does this scenario best illustrate? a. vertical b. technological c. horizontal d. perfect

Answers: 2

Answer

You know the right answer?

1. which event will have the greatest impact (positive or negative) on one's net worth after one mon...

Questions