Ugba 135 final 2023 - Study guides, Class notes & Summaries

UGBA 135 Final Exam With 100% Correct Answers 2023

UGBA 135 FINAL Exam With 100% Correct Answers 2023

UGBA 135 FINAL Exam With 100% Correct Answers 2023 Mortgage - Legal document that pledges a piece of property as collateral to repay the lender - Lender can take possession of the property if you cannot repay and sell for profit First Mortgage - primary loan with priority on claims in case of default - First mortgage is secured by a piece of property, has first claim on the property, a legal loan documents. Second Mortgage - riskier, because paid off second - higher rate of ...

UGBA 135 Final Exam Questions and Answers 2023 Complete What is "good debt"? Taking out loans in order to pay off a car, a mortgage or an education or starting a business What is considered "bad debt"? - Borrowing money to support a lifestyle of living beyond one's means What is the definition of a Modern Day Millionaire? - Financially independent, no government assistance, living the life they want to lead What is a credit card? - An unsecured line of credit - based on good fait...

UGBA 135 final exam 2023 with complete solution What's the rule of 72? How long it takes for a sum of money to double at a given interest rate 72/interest rate = # of years to double OR 72/# of years to double = interest rate What's a general partner? A general partner has the authority to act on behalf of the business without the knowledge or permission of the other partners. Unlike a limited or silent partner, the general partner may have unlimited liability for the debts of the busine...

UGBA 135 Final Exam 2023 Questions and Answers 100% Verified;These are acual quiz What is the biggest problem facing us in the future? Longevity, not retirement Where is the burden of saving and investing for retirement and health care shifting? From employer to employee What percentage of households have income of more than $113,000? 10% What percentage of households earn $160,000? 5% What is a common trait of millionaires? The ability to communicate and sell their ideas Where can ...

UGBA 135 Final Exam With 100% Correct Answers 2023

UGBA 135 Final Question and answers 2023/2024 verified to pass what is the greatest factor that determines your credit score? - correct answer paying bills on time over time the "cornerstone" of wealth is? - correct answer being frugal, not cheap but value oriented what is the minimum criteria for a credit score? - correct answer - at least one reported "account" which has been open for at least six months - at least one report that has been reported by a lender in the last six months...

UGBA 135 Final Exam Questions and Answers 2023 Complete What is "good debt"? Taking out loans in order to pay off a car, a mortgage or an education or starting a business What is considered "bad debt"? - Borrowing money to support a lifestyle of living beyond one's means What is the definition of a Modern Day Millionaire? - Financially independent, no government assistance, living the life they want to lead What is a credit card? - An unsecured line of credit - based on good fait...