The repayment of a loan in a series of equal periodic payments is called _____________. a. Amortization b. Mortgage c. Down payment d. Installment loan

Q: mortgage loan, the borrower always creates two documents: a note and a mortgage. Please describe the…

A: When granting mortage loan to the borrower lender wants saftey of payments and wants that borrower…

Q: Interest payment is: A. The effective interest rate times the amount of the debt outstanding during…

A: Debt :— It is the amount borrowed for specific time period. Example:- Bonds payable, Notes payable,…

Q: The portion of the selling price paid by the customer at the time of purchase is called O a.…

A: Part amount of selling price is paid by the buyer immediately at time of buying and rest is paid in…

Q: b.bond payable c.two-year note payable

A: Current liabilities are a company's short-term financial commitments due within a year or during a…

Q: How do banks calculate the monthly payment on a loan?

A: Present value annuity formula is used to calculate the monthly payment on a loan. Here, The loan…

Q: ate one (1) problem situation concerning a loan amortization problem. Make a brief description of…

A: We need to create a loan amortization table for any practical situation.

Q: Explain the difference between calculating simple interest and calculating the interest for a…

A: When you take out a loan, the money you borrow is called the principal. The rate of interest is the…

Q: In the total equal payment mode, certain loans require the settlement of both interest and principal…

A: The total equal payment mode is known as the annuity of a loan. An annuity is the equal sum of money…

Q: Consider the mortgage term PITI. What do the last two letters stand for? title insurance taxable…

A: Many mortgage lenders estimate PITI for the insured person before they decide whether he qualifies…

Q: Explain the purchase-money mortgage?

A: Purchase-money mortgage: A purchase-money mortgage is a loan delivered to the debtor by the vendor…

Q: HOW TO Find the finance charge of an installment loan.

A: Finance Charge: Generally speaking, financial charges are any fees or charges associated with…

Q: Interest expense

A: Interest expense paid on a loan which has prescribed is deductible from gross income of the payor…

Q: All of these have a balloon payment due at the end of the loan term EXCEPT a.​a fully amortized…

A: A balloon loan is a type of loan that which do not fully amortize during the tenure of the loan. As…

Q: define the parameters included in the interest rate of a mortgage. In addition, explain which of the…

A: Parameters included in the interest rate of a mortgage. Parameters included in the interest rate of…

Q: The borrower-mortgagor has the longest periods of equitable and statutory redemption if the…

A: A borrower, also known as a mortgagor, is an individual or  reality that borrows money from a…

Q: n amount paid by the lessee to the lessor in addition to the periodic rental which is treated by the…

A: Solution: Lease bonus in addition to the lease payment are considered as unearned rent income for…

Q: a. F=1500.23 JOD b. F=1550.45 JOD c. F=1610.51 JOD d. F=1350.80 JOD

A: Future value can be found by interest rate and period given by future value formula.

Q: ch of the following loan types has a beginning loan balance equal to the ending loan balance? Group…

A: Loans are kind of debt and burden and that carry the interest to be paid but when interest is to be…

Q: Which of the following is a mortgage loan that has a fixed rate, a fixed term, and fixed payments? O…

A: The question is based on the concept of mortgages and different methods of mortgages. A mortgage is…

Q: An installment note is a liability requiring a series of payments to the lender. True or False True…

A: Introduction: An instalment note is a legal obligation or liability that requires the lender to…

Q: In the case of installment notes, interest expense is calculated as a constant percentage of the…

A: Explanation: That's correct; interest expense on installment notes is indeed calculated as a…

Q: ****** An important application of -Select- interest involves amortized loans. Some common types of…

A: To Find: Annual payment First Inerest payment  Principal repayment

Q: Explain constant amortizing mortgage (CAM)?

A: It is otherwise called an amortizing mortgage, is one where the principal and monthly interest…

Q: The actual amount that is given to the borrower is called the after the loan has been discounted.

A: Basically a discounted loan has three components Discount Proceeds Maturity Value

Q: With a Fixed-Rate Mortgage, the ate risk. bears the interest bears the interest rate risk and with…

A: A mortgage is a type of loan that requires security. The mortgage can classify based on the interest…

Q: What is the effective interest method of amortization? a. It is an amortization method that…

A: Solution: the effective interest method of amortization is that "It is an amortization method that…

Q: Explain the term Fixed Interest Rate Mortgage (FRM) Loan?

A: Mortgage loans:   The mortgage is a type of loan in which a property or any other real estate is…

Q: Which type of loan is suitable for buying supplies? O a. Single term O b. Long term O C. Medium-term…

A: Loan is defined as the amount of money borrowed from someone, usually a financial institution. Types…

Q: Differentiate contract of pledge from contract of mortgage.

A: Contract of Pledge is used for Movable Assets and contract of Mortgage is used for Immovable Assets.…

Q: It is the fractional part of the capital or sum invested that is paid for the loan or investment.…

A: 1. The rate of interest is some predecided percentage that is charged on the loan amount or provided…

Q: Fill in the blank. A loan on which you pay a fixed amount of money for a set number of payments is…

A: There are various ways of providing loan such as  Fixed instalment loan where it must be repaid with…

Q: A mortgage is a common type of:   Question 2 options:   Payment   Perpetuity   Annuity   Future…

A: Loan is defined as an amount obtained by a person from a lender that requires the obligation of…

Q: Under the effective interest method of interest bearing note in lump-sum payment, the interest to be…

A: The bonds are issued at premium or discount depending on the market interest rate of bonds. If…

Q: Installment note may be secured by a pledge of the borrows assets. Such notes are

A: Installment notes that are secured by a pledge of the borrower's assets are often referred to as…

Q: How commercial loans and mortgages are structured in terms ofinterest and principal payments.

A: Commercial loan, as well as a mortgage, are being structured in terms of interest and principal…

Q: Illustration the mortgage for future advances?

A: The question is based on the concept of mortgage or security used for line of credit for future…

Q: Describe the Valuation of Installment Notes.

A: Installment notes can be defined as a promissory note for the payment of principal and interest…

Q: If an installment loan is paid in full before the maturity date, the full amount of interest on the…

A: Loan is the amount which borrower takes from lender on a certain cost which is called as interest.

Q: Explain Fully Amortizing, Constant Payment Mortgage (CPM) Loans?

A: Answer: Fully amortizing: A fully amortizing payment applies to a form of annual debt repayment.…

Q: Please Help me

A: The question is asking about the type of loan in which the borrower initially receives the present…

Mortgages

A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.

Mortgage

The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.