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3 years ago

Katie is buying a house and is looking for the best home loan to pay for her purchase. What loan should she choose?

Business

2 answers:

timurjin [86]3 years ago

6 0

loan with the lowest APR

umka2103 [35]3 years ago

5 0

The correct option is C. APR stands for Annual Percentage Rate. APR is the interest rate that one has to pay on a loan in a year. APR rate can be high or low depending on the investment type and the parties involved. But the best thing to do when one want to get a loan is to go for a loan with the lowest interest rate [APR]. So, the best thing for Katie to do is to choose a loan with the lowest APR.
APY stands for Annual Percentage Yield and is only use in savings; it refers to how much one earns on his savings.

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Speaking each word in your head as you read is called?

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Speaking each word in your head as you read is called...

Reading in your head

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4 years ago

Read 2 more answers

Blitz Corp. had total sales of $3,010,000 last year and has 106,000 shares of stock outstanding. The benchmark PS is 1.6 times.

Roman55 [17]

Answer:

the stock price is $45.44

Explanation:

The computation of the stock price is shown below:

Sales per share is

= Total sales ÷ stock outstanding shares

= $3,010,000 ÷ 106,000 shares

= $28.40

Now

Benchmark PS = Stock price ÷ Sales per share

Stock price = $28.40 × 1.6

= $45.44

hence, the stock price is $45.44

We simply applied the above formula so that the correct value could come

And, the same is to be considered

5 0

3 years ago

Sephora is a large cosmetic retailer offering customers the opportunity to shop in their independently operated stores, smaller

Helga [31]

Answer:

Omnichannel Distribution

Explanation:

Omnichannel Distribution -

It is the method adapted by the company which opens the options for the customers to purchase several products from various stores whether to be online or offline availability , is known as omnichannel distribution .

Hence , it is widely used sales method , to increase the profit of the company , by attracting customers from offline as well as from the online platform , and tries to make it available even in the smallest stores .

Hence , the example of Omnichannel Distribution is depicted in the question .

7 0

3 years ago

suppose you are thinking about purchasing a small office building for $1,500,000. the 30 year fixed rate mortgage that you have

Mnenie [13.5K]

$352,696 lender stand to lose in the absence of pmi. A borrower may be required to PMI as a condition of obtaining a conventional mortgage loan.

<h3>What is Private Mortgage Insurance (PMI) ?</h3>

Private mortgage insurance (PMI) is a type of insurance that a borrower might be required to buy as a condition of a conventional mortgage loan. When a buyer puts down less than 20% of the home's price, the majority of lenders demand PMI.

In contrast to most insurance types, this one safeguards the lender's investment in the house, not the policyholder. However, PMI enables some people to purchase a home more quickly. PMI makes it possible for people to get financing if they decide to put down between 5% and 19.99% of the home's cost.

It does, however, incur additional monthly expenses. Until they have built up enough equity in the property that the lender no longer views them as high-risk, borrowers must continue to pay their PMI.

Formula for calculating PMI :Divide the loan amount by the property value. Then multiply by 100 to get the percentage. If the result is 80% or lower, your PMI is 0%, which means you don't have to pay PMI.

To learn more about mortgage refer :

brainly.com/question/24040386

#SPJ4

6 0

1 year ago

Alpine Thrills Ski Company recently expanded its manufacturing capacity. The firm will now be able to produce up to 32,000 pairs

Effectus [21]

Answer:

35.98%

12,362 pairs

$2.53

9,688 pairs

Explanation:

As per the data given in the question,

As we know that

Contribution margin ratio = (Contribution margin per unit) ÷ (Selling price per unit) × 100

where,

Contribution margin per unit = Selling price per unit - variable cost per unit\

So,

Selling price = $137.00

Variable cost = $87.70

Contribution Margin = $137.00 - $87.70 = $49.30

Contribution margin ratio = $49.30 ÷ $137.00

= 35.98%

Net Income after tax = $41,620

Income Before tax = $41,620 ÷ 50%

= $83,240

Now Pairs of touring skis will be sold by company = (Income before tax + fixed cost) ÷ Contribution Margin

= ($83,240 + $526,200) ÷ $49.30

= 12,362 pairs

Break-even of mountaineering model

= Fixed cost ÷ (Selling price per unit - variable cost per unit)

= $622,400 ÷ ($149 - $87.70)

= $10,153

Now Let Variable cost be Y

$10,153 = $526,200 ÷ ($137 - Y)

Y = $85.17

Therefore, Variable cost per unit decreased by

= ($87.70 - $85.17)

= $2.53

New Fixed cost

= Fixed cost × increased percentage

= $526,200 × 1.15

= $605,130

New variable cost per unit

= $87.70 × 0.85

= $74.54

New Break-even point = New Fixed cost ÷ Contribution Margin

= $605,130 ÷ ($137-$74.54)

= 9,688 pairs

4 0

3 years ago