What is the current LTV of a mortgage loan?
What will be an ideal response?
The current LTV is the LTV based on the current unpaid mortgage balance and the estimated current market value of the property.
Business
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A company purchases a widget for $10 on June 1. They purchase a second widget for $20 on July 15. On August 1, they sell one widget for $50. What is their gross profit if they use FIFO?
A. $40 B. $50 C. $30 D. $35
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Which of the following terms correctly describes a life insurance company that is organized outside the United States or its possessions?
A) Foreign B) Distant C) Remote D) Alien"
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