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4/7

just number 7

QUESTION 4 The risk of bankruptcy tends to travel with the risk of foreclosure since both can result from inancial stress. Known popularly by its section in the Federup Coo which of the following types of bankruptcy is a court supervised workout for a troubled business? Chapter 11 bankruptcy Chapter 1 bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy QUESTION 7 Suppose that you are in the process of deciding whether or not to refinance your feed rate mortgage at a lower rate and you are interested in the payback period rule of thumb to help you in your decision. Your lender has informed you that the cost of refinancing would be 34,200. You also have a prepayment penalty of based on your loan balance of 5225.000 if your present monthly mortgage payment was $1.650, and your new monthly mortgage payment would be 51.250 after refinancin determine the payback period 28.13 months 158 months 38,63 months 10.5 months QUESTION 7 Suppose that you are in the process of deciding whether or not to refinance your feed rate mortgage at a lower rate and you are interested in the payback period rule of thumb to help you in your decision. Your lender has informed you that the cost of refinancing would be 34,200. You also have a prepayment penalty of based on your loan balance of 5225.000 if your present monthly mortgage payment was $1.650, and your new monthly mortgage payment would be 51.250 after refinancin determine the payback period 28.13 months 158 months 38,63 months 10.5 months