All of the following are true of a home equity loan except it
A) provides you with a line of credit or a lump sum of money, depending on the type of loan.
B) is a good way to combine different kinds of debt.
C) may be tax deductible.
D) allows you to borrow up to 20% of the market value of your home.
Answer: D
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A) Limited criticism B) An active voice C) Effective buffers D) Tone and style E) Courteous closes
Slack and surplus variables are used in simplex only for the solution of maximization problems
Indicate whether the statement is true or false
Bantani Corporation, a large manufacturer of food packaging products, decides to purchase an existing manufacturing plant in India. This is an example of foreign direct investment.
Answer the following statement true (T) or false (F)
Mrs. Heyer inherited real estate from her mother. The mother's basis in the real estate was $382,000, and the fair market value at the date of the mother's death was $900,000. The mother's taxable estate was only $2.4 million, so the estate did not owe any federal estate tax. This year, Mrs. Heyer sold the real estate for $875,000. Compute her gain or loss recognized on sale.
A. $875,000 gain B. $493,000 gain C. $25,000 loss D. $0