Answer:
The answer is $190,000.
Explanation:
We are given the information about the total price of the home and other payments made by Sandra towards the purchase of the home.
An earnest money check can be counted towards the down payment. She also pays an amount of $7,000 for the down payment which the total of the two adds up to $10,000.
Subtracting that from the price of the home, she should bring $190,000 to the closing.
I hope this answer helps.
GDP deflator is nominal GDP divided by real GDP.
Therefore, 225/real GDP = 3, and then real GDP would then equal 75.
Answer: True
Explanation: You are better off. This is because the loan is being paid back with cash that has a lower buying power today, than it had when you first acquired the loan, or even before then.
The inflation rate increases but still stays below the nominal interest rate. This strengthens the value of the currency, lowering its purchasing strength, especially internationally. This means that less dollars will be needed today, to pay off ghetto loan, than 10 years later, when the loan was acquired.
Answer:
interest expense 3,654 debit
cash 3,654 credit
Explanation:
For the first 6 month the note will pay 5.80% interest for the subsequent 6 month will pay at 6.70%
We do for the period Jan 2,2017 to June 30,2017
variable LIBOR rate:
126,000 x 5.80% / 2 = 3654
fixed rate of the promissory note:
126,000 x 6.00% / 2 =3,780
difference: 126 in our favor.
We pay the variable rate, not the fixed rate. THerefore, we made the entry for the variable rate
Answer:212121212212121212ggthdfb b bgf bv f fsbggrb
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Explanation:
21