Max paid $15,000 and borrowed $90,000 for an investment worth $105,000 . What was the loan-to-value ratio?
a. 10 percent
b. 14 percent
c. 86 percent
d. 90 percent
c
You might also like to view...
Earning revenue
A) increases assets, increases owner's equity. B) increases assets, decreases owner's equity C) increases one asset, decreases another asset D) decreases assets, increases liabilities
To expand its operation, the International Tools Inc (ITI) has applied for a $3,500,000 loan from the International Bank. According to ITI's financial manager, the company can only afford a maximum yearly loan payment of $1,000,000
The bank has offered ITI, (1 ) a 3-year loan with a 10 percent interest rate, (2 ) a 4-year loan with a 11 percent interest rate, or (3 ) a 5-year loan with a 12 percent interest rate. (a) Compute the loan payment under each option. (b) Which option should the company choose?
The 1947 GATT provided a regulations for the registration of patents and copyrights and stiff penalties for the misuse of intellectual property
Indicate whether the statement is true or false
People who work at desk-jobs in the sales office and receive orders by phone, mail, or the Internet are called
A. inside order getters. B. virtual order takers. C. virtual order getters. D. inside order takers. E. field order takers.