John Smith is planning to refinance his home mortgage to take advantage of the lower current interest rates. As part of the refinancing application, the bank needs to appraise Mr. Smith's home
Mr. Smith expects an appraisal of at least $175,000 but no more than $250,000. All values between $175,000 and $250,000 have the same probability of being the actual appraised value. What is the appropriate distribution for simulating appraisal values?
A) continuous uniform
B) triangular
C) binomial
D) discrete uniform
E) normal
A
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A company purchases land and a building on the land. The land is appraised at $96,000 and the building at $384,000. If the Land account is debited for $124,800, then the total purchase price for the land and building must have been
A) $480,000. B) $500,000. C) $508,800. D) $624,000.
Andrew sells organic fertilizers. He tells his prospect, "You have one of the best nurseries I have ever seen. I think my products will enhance it even more." What type of close is Andrew using here?
A. Forestalling B. Minor-points C. Compliment D. Assumptive E. Double-yes
In perfect capital markets there
A) are no income taxes. B) are no flotation costs. C) is no informational content assigned to a particular dividend policy. D) all of the above
Which of the following taxes is only paid on the first $118,500 of your salary?
A) Federal Income Tax B) Social Security Tax C) Medicare Tax D) All of the above.