Table of contents

1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

7. Receivables and Investments

Introduction to Investments in Securities

Financial Accounting

7. Receivables and Investments

Introduction to Investments in Securities

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Multiple Choice

Which of the following is a key feature of conventional 30-year mortgages?

They provide certainty regarding both principal repayment and periodic payment amounts.

They require the entire principal to be paid at the end of the loan term.

They are typically issued with a maturity of less than 10 years.

They have variable interest rates that change annually.

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Verified step by step guidance

Understand the concept of a conventional 30-year mortgage: It is a fixed-rate loan where the borrower makes consistent monthly payments over 30 years, covering both principal and interest.

Analyze the first option: 'They provide certainty regarding both principal repayment and periodic payment amounts.' This aligns with the fixed-rate nature of conventional mortgages, ensuring predictable payments throughout the loan term.

Evaluate the second option: 'They require the entire principal to be paid at the end of the loan term.' This describes a balloon payment structure, which is not a feature of conventional 30-year mortgages.

Assess the third option: 'They are typically issued with a maturity of less than 10 years.' Conventional 30-year mortgages are specifically designed for a 30-year term, making this option incorrect.

Review the fourth option: 'They have variable interest rates that change annually.' Conventional 30-year mortgages have fixed interest rates, so this option does not apply.