Which of the following types of loans is a term loan where the funds are used to build a home A) 203(b) loan B) 203(k) loan C) Construction loan D) Home equity loan
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- 86 Which of the following types of loans is a short-term loan where the funds are used to build a home? A) 203(b) loan B) 203(k) loan C) Construction loan D) Home equity loan1 Which of the following is a type of financing that generally refers to resources that must be repaid in a period of up to one year? a) Very long term financing B) Very short term financing NS) Medium term financing D) long term financing TO) short term financingLong-term debt typically describes debt that will mature in two years or more. Select one: a. True b. False
- 71 A finance charge Is derined as the: A) O total loan amount. B) base loan amount. C) dollar amount the loan will cost you.Many investors buy land with the intention of subdividing it. True FalseWhat is the APR on a $700,000 fixed rate mortgage loan fully amortizing over 30 years if the stated annual interest rate is 5.5% and the lender charges 1.5% as an origination fee, $750 for an appraisal and $18 for a credit report? a.5.65% b.5.72% c.5.36% d. 5.5%
- The actual cash value of a property is BEST described as: OA its original cost only its original cost less depreciation its replacement cost less depreciation the cost to repair or rebuild the property OD. ReSolve this MCQ : A. For example you need money from outside and that's why you are looking for the best options of external fund which need to be evaluated in terms of: The Length of the Time The Cost The Amount of Company Control Lost All of The Above None of the Above. B. Trust receipts are unique type of which loan (s) an entrepreneur can get through banks. Straight Commercial Loan Inventory Loan Account Receivable Loan All of The Above None of The Above. C. In case of constrained growth business farms actually perform better if they remain at a smaller growth. True False D. Entrepreneurs can get secondary sources of information through Trade Magazines Newspaper Articles Government Agencies All of The Above None of The Above E. The changes between Apple 7+ and Apple 12 Pro is called Breakthrough Innovation Technological Innovation Ordinary Innovation Both Option 2 And 3 None of The Above F. Transfer of interest is not flexible…B Why do lenders need liquidity? to qualify for FHA insurance so they can put their money in long- term assets so they have the funds to originate more loans so loans can be packaged together to create MBSS 19:31 ✓
- One very important responsibility of the finance department in both large and small businesses involves acquiring needed funds to operate the business. True or False True False 27 atv S A P 28Evaluate the following statements:S1. Any investment income of general borrowing is deducted from capitalizable borrowing cost.S2. If the asset is financed by specific borrowing but a portion is used for working capital purposes, the borrowing shall be treated as general borrowing in determining capitalizable borrowing cost. a.False, False b.False, True c.True, True d.True, False108 Which of the following components of an ARM adjust periodically, resulting in a change In the monthly payment? A) Index and margin B) Index and interest rate C) Margin and interest rate D) Margin and discount points