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
zimovet [89]
1 year ago
10

Bob and mary are financing $180,500 for a new home. their lender will approve an interest rate of 5% if bob and mary pay two dis

count points at closing. how much will this cost them?
Business
1 answer:
nata0808 [166]1 year ago
4 0

Bob and mary are financing $180,500 for a new home. their lender will approve an interest rate of 5% if bob and mary pay two discount points at closing. Cost them is $3,610.

A discount point is 1% of the loan amount. Bob and Mary are paying two points (or 2% of $180,500), which is $3,610.

What is discount points?

  • Discount points are a shape of paid ahead of time intrigued that contract borrowers can buy to lower the intrigued rate on their consequent month to month payments.
  • Discount points are a one-time expense, paid up front either when a contract is to begin with orchestrated or amid a refinance.
  • Each markdown point for the most part costs 1% of the overall credit and brings down the loan’s intrigued rate by one-eighth to one-quarter of a percent.
  • Points don’t continuously got to be paid out of the buyer’s stash; they can some of the time be rolled into the advance adjust or paid by the vender.

To know more about discount points visit:

brainly.com/question/14329985?

#SPJ4

You might be interested in
Accompanying a bank statement for Santee Company is a credit memo for $15,120 representing the principal ($14,000) and interest
Novosadov [1.4K]

Answer:

Dr Cash $15,120

Cr Notes Receivable $14,000

Cr Interest Revenue $1,120

Explanation:

Preparation of the journal entry

Based on the information given On March 1, the journal entry that should be made by the company to bring the accounting records up to date will be :

March 1

Dr Cash $15,120

Cr Notes Receivable $14,000

Cr Interest Revenue $1,120

4 0
3 years ago
Jessica makes photo frames. She spends $5 on the materials for each photo frame. She can create one photo frame in an hour. She
Mkey [24]

Answer:

accounting profit = $25

Total cost = $15

Economic profit  = $15

Explanation:

given data

spends = $5

Implicit cost  = $10 per hour

sell = $30

to find out

calculate the total cost for one photo frame

solution

first we calculate here accounting profit that is

accounting profit = Sale price - cost spent on materials

accounting profit = $30 - 5

accounting profit = $25

and

Total cost = Explicit cost + Implicit cost

Total cost = 5 + 10

Total cost = $15

and Economic profit will be

Economic profit = Accounting profit - implicit costs

Economic profit  = $25 - $10

Economic profit  = $15

7 0
3 years ago
Analyze the benefits and the problems posed by the four approaches to the implementation of resource management policies: contro
Mars2501 [29]

Answer:

Explanation: The implementation of resource management policies can be achieved through the following: control theory, machine learning, utility-based, and market-oriented method.

1. Control theory:

Benefit- it can analyse linear and non linear systems, single or multiple systems.

Problem- It is complex and requires multiple computations

2. Machine learning Theory:

Benefit- It does not sole depend on extracting information and it gives room for improvements. It performs routine and non routine tasks

Problem- It requires a complex to understand and need trained professional to operate it.

3. Utility-based method:

Benefit - It gives urgency to tasks, it gives users better satisfaction.

Problem- the tasks needs to be carried out continuously

4. Market-oriented method:

Benefit - it gives room to know and understand the market, it leads to an increased organisational performance.

Problem- requires a professional.

8 0
3 years ago
Suppose that Walgreens (a major drug store chain) wants to introduce its own brand of cough medicine that is similar in contents
antoniya [11.8K]

Answer:

Letter b is correct. <em>Private-label brand</em>

Explanation:

Private-lebel brand is when products are supplied or manufactured by a particular company and then labeled with another company's brand. The advantages added to a company that decides to sell a private label product are varied, these items can increase the credibility and reliability of the company, such as increasing the sales flow and diversifying the marketed product lines.

3 0
3 years ago
Crisp Cookware's common stock is expected to pay a dividend of $3 per share at the end of this year; its beta is 0.9; the risk-f
slavikrds [6]

Answer:

The answer is $41.21

Explanation:

Required Rate of Return = Risk Free Rate + Beta*(Market Risk Premium)= 5.2% + 0.9 * 6% = 10.6%

Cost of Equity = D1/Current Stock Price + Growth Rate

10.6% = $3/$40 +g

g = 3.1%

Stock Price After 3 Years = Current Stock Price*Growth Rate= $40 * (1.031)= $41.21

7 0
3 years ago
Other questions:
  • Of the items listed below, which ones have high entropy?
    9·1 answer
  • Darius is considering buying new bedroom furniture. Naturally, he compares several types of beds, dressers, and bedside tables,
    6·1 answer
  • You just learned that a blue chip company will issue a bond with a maturity of 100 years. The bond appears to be a good deal bec
    10·1 answer
  • When the number of responses is important to a schedule of reinforcement, that schedule is called a ________ schedule?
    14·1 answer
  • If you are willing to purchase a house for $500,000 and you purchase the house for $500,000, this transaction will generate: a.
    8·1 answer
  • Is accounting is easy​
    6·2 answers
  • Turtle Corporation produces and sells a single product. Data concerning that product appear below:
    15·1 answer
  • List 2 benefits of financial planning
    14·1 answer
  • Masse Corporation uses part G18 in one of its products.
    11·1 answer
  • 3 things to consider when picking a bank
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!