Under the Homeowners Protection Act, borrowers can request that lenders cancel PMI when their loan balance is less than ____, or a lender may collect PMI until ____ loan-to-value is reached.

a. 65%; 50%
b. 78%; 62%
c. 80%; 65%
d. 80%; 78%

Ans: d. 80%; 78%

Business

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Manufacturers of systems such as razors and ink jet printers use a system of pricing called "two-part pricing": one price for the disposable products and another for the "hardware."

Indicate whether the statement is true or false

Business

Which one of the following is an example of an annuity?

A) the receipt of $50 in January, March, April, June, August, September and December B) the payment of $259 a month for three consecutive years C) the payment of $389 in January, $200 in February, and $200 in March D) the receipt of $100 a month for three months and then $150 a month for two months

Business