1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ugo [173]
2 years ago
7

If someone buys a home for $200,000 and makes a 20 percent down payment, that person will have to?

Business
1 answer:
Travka [436]2 years ago
5 0

If someone buys a home for $200,000 and makes a 20 percent down payment, that person will have to pay $40,000 up front.

<h3>What is Down payment?</h3>
  • An advance, partial payment known as a down payment is made when buying expensive products or services like a home or a car.
  • Typically, it is paid in cash or an equivalent at the time the transaction is completed. The remaining payment must then be financed through a loan of some kind.
  • A greater down payment typically indicates that you are a less risky borrower, and a lower interest rate reflects a less hazardous borrower.
  • A lower interest rate will enable you to pay less interest overall and save you money on your monthly payment.

Learn more about down payment here:

brainly.com/question/6318484

#SPJ4

You might be interested in
Michael's Yoga Studio have been entering bills for their purchases as they come in. They pay multiple bills once a week. They us
Tasya [4]

Answer: They could either use the Income and expenditure  or purchases  journal too.

Explanation:  Because its a Yoga Studio,  lots of expenses will be made  and appropriate postings are to be entered on time.

4 0
3 years ago
Read 2 more answers
Jennifer is marketing manager for a major consumer goods firm. She is interested in determining if market opportunity exists for
Andrei [34K]

Answer:

- How to best segment the ready-made dinner market.

4 0
3 years ago
You open a savings account with a 0.5% per year nominal interest rate, and the economy experiences 3% per year inflation. a. Wha
Firlakuza [10]

Answer:

a. The nominal interest rate is 0.5%, and the real interest rate is -2.5%.

b. The purchasing power of money in the account will reduce.

Explanation:

a. What is the nominal and real annual interest rate on the account? The nominal interest rate is %, and the real interest rate is %.

From the question, we have:

Nominal interest rate = 0.5%

Inflation rate = 3%

In economics, the real is interest rate is calculated as follows:

Real interest rate = Nominal interest rate - Inflation rate = 0.5% - 3% = -2.5%

Therefore, the nominal interest rate is 0.5%, and the real interest rate is -2.5%.

b. What will happen to the purchasing power of the money you place in the account over time? The purchasing power of money in the account will

From the question, the interest rate attached to the savings account is a nominal interest rate. Since the nominal interest rate, unlike the real interest rate, is an interest rate that is not adjusted for inflation, the purchasing power of money in the account will reduce.

3 0
3 years ago
Last year, Stumble-on-Inn, Inc. reported an ROE of 19 percent. The firm's debt ratio was 60 percent, sales were $34 million, and
Sonja [21]

Stumble-on-Inn, Inc.'s net income for last year is <u>$3,359,200</u>.

<h3>Data and Calculations:</h3>

ROE (Return on Equity) = 19%

Debt ratio =60%

Sales = $34 million

Capital intensity = 1.30 times

Assets = $44.2 million ($34 million x 1.30)

The Total Debt = $26,520,000 ($44,200,000 x 60%)

The Equity = $17,680,000 ($44,200,000 - $26,520,000)

The Net income = $3,359,200 ($17,680,000 x 19%)

Thus, Stumble-on-Inn, Inc.'s net income for last year is <u>$3,359,200</u>.

Learn more about Net Income at brainly.com/question/21271689

5 0
3 years ago
You are the newly assigned project manager to a major IT upgrade project in your global company. How will you determine the risk
kap26 [50]

Answer:

I have to identify the risk factors in the project and then gauge the willingness of the company to take such risks.

Explanation:

Risk tolerance is the willingness of an organization or an individual to take certain risks. The risk tolerance level of a person or organization can be classified as either high or low. For a project manager who wants to determine the risk tolerances associated with his project, he has to first identify the risk factors, and then try to know the risk level and if indeed this level is acceptable within the organization's culture and standard.

The project manager would do well to plot a graph that would show the probability of a risky action happening or not. A risk tolerance line is now obtained from where the project manager can know if that risk is tolerable by organization standards. The extent of job security would also help in determining the amount of risk a manager can take. However, they are still expected to stay within the standards of the organization.

8 0
3 years ago
Other questions:
  • Will choose brainliest!!
    14·1 answer
  • Leesburg sold a machine for $2,200 on november 10th of the current year. the machine was purchased for $2,600. leesburg had take
    14·1 answer
  • What are supply chain
    11·1 answer
  • A customer wishes to open an account to fund payment of private middle school tuition. If the customer does not wish to deposit
    6·1 answer
  • If you see potential conflict you should
    7·1 answer
  • etween 2017 and​ 2018, a small​ businessperson's income increased from​ $200,000 to​ $220,000. The annual state income taxes tha
    9·1 answer
  • Baron Corporation has two sequential processing departments: Assembly and Shaping. The Shaping Department reports the following
    15·1 answer
  • Book-tique sells second hand books from a stall that is situated in a local market. Each book has a selling price of £1.75. Last
    14·1 answer
  • If the federal government requires the State of Oklahoma to install concrete barriers which line a road leading into a federal m
    5·1 answer
  • Prestige LLC, a small company that manufactures specialty cereals and energy bars, wants to launch a "green marketing" program i
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!