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

UGBA 135 Final Exam (Fall 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 (Fall 2023) Questions and Answers

UGBA 135 Final Exam With 100% Correct Answers 2023

UGBA 135 Final Exam (Fall 2023) Questions And Answers.

UGBA 135 FINAL Exam With 100% Correct Answers 2023

UGBA 135 FINAL EXAM WITH COMPLETE SOLUTION. What's the rule of 72? - answerHow 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? - answerA 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...

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

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...