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Usimov [2.4K]
2 years ago
10

Nina and rob prepaid some of their interest to their lender when financing their new home. what's this called?

Business
1 answer:
Zigmanuir [339]2 years ago
4 0

If Nina and rob prepaid some of their interest to their lender when financing their new home, This is called buydown.

<h3>What is buydown?</h3>

Buydown can be defined as the process in which a mortgage  borrower plan to acquire an interest that is lower by paying  prepaid interest or fee.

Hence, Nina and rob are using  mortgage financing  strategy  which is why they prepaid some of their interest to their lender so as to have lower interest.

Learn more about buydown here:brainly.com/question/17438294

#SPJ1

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How did the constitution differ from the articles of confederation? Match the correct document on the left to each of the featur
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How the constitution differs from the Articles of the Confederation.

The Constitution of the United States was created on September 7, 1787, and ratified on June 21, 1788. It is the present constitution of the United States, although it has been amended many times.

The Articles of Confederation were the first introduced constitution of the United States. It was created on November 15, 1777, and ratified on March 1, 1781.

<h2>Further Explanation</h2>

The Constitution of the United State operates the bicameral legislature, which consists of the senate and the House of Representatives. It is also known as CONGRESS. There are up to 2 senators from each state and the numbers of representatives depend on the actual population of each state. Members of Congress are elected by the people and the voting in congress is one vote per one representative. There is also an executive arm of government headed by the PRESIDENT.

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LEARN MORE:

  • What is a constitution brainly.com/question/13355538
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One common example of an accrued expense is accrued wages:

Suppose that a firm hires a worker on March 1, for a wage of $1,000 dollars per month, that is due to be paid at the end of the month (March 31). This worker is earning $33 per day. By March 4, the firm should have recorded accrued wages for $132 ($33 x 4 days) even if no payments will be made until March 31.

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