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Lilit [14]
4 years ago
8

You have just obtained a mortgage to purchase your home. The​ ________ that you paid to obtain the loan are charges that must be

paid at the time of the sale and serve to raise the effective cost of the loan.
Business
1 answer:
garik1379 [7]4 years ago
8 0

Answer:

Points

Explanation:

Mortgage points or discount points are prepaid interest available when obtaining a mortgage.

When a lender charges the borrower points he is in effect increasing the yield on the loan above the interest rate agreed on the loan.

Borrowers can also offer points to the lender to obtain a reduced interest rate and reduced monthly payment in exchange for upfront payment of points.

You might be interested in
Linda is the manager of a graphic design company. Her IT team asked for her consent to upgrade the editing software used by empl
Ksenya-84 [330]

The human compromise that has made Linda to change her decision in upgrading the editing software due to the systems crashed that was caused by previous upgrade is Recency Syndrome.

  • The recency effect can be regarded as  tendency to remember the action or effect of  most recently presented information best.

  • This syndrome always helps manager to learn from past mistakes so that he can avoid it next time. If not for this syndrome, Linda could have gave in for the upgrade, but she was afraid of crashing of the system.

Therefore, Recency Syndrome is the correct term that describe Linda behaviors.

Learn more at: brainly.com/question/9782041?referrer=searchResults

6 0
2 years ago
When a firm produces 50,000 units of output, its total cost equals $6.5 million. when it increases its production to 70,000 unit
Effectus [21]

I believe the answer you're looking for is $145. explanation is marginal cost equals change in total variable cost/change in quantity. So it would be $9.4 million - $6.5 million = $2.9 million/20,000. So $2,900,000÷20,000= $145

7 0
4 years ago
Th process of gaining the resources and skill needed in managing consumer resources is known as
storchak [24]

Answer:

A.) Consumer Education

Explanation:

CRM is an acronym for customer relationship management and it typically involves the process of combining strategies, techniques, practices and technology so as to effectively and efficiently manage their customer data in order to improve and enhance customer satisfaction.

Simply stated, it's a strategic process which typically involves collecting customer information for the purpose of improving a customer's future experience.

Therefore, this employees are saddled with the responsibility of ensuring the customer are satisfied and happy with their service at all times.

In this context, consumer education is a strategic process which typically involves gaining the necessary resources and skills required to manage consumer resources in order to continue to provide satisfactory services to them.

5 0
3 years ago
Read 2 more answers
The preferred stock of Nadine Fashions pays an annual dividend of $2.25 a share and sells for $38.75 a share. The tax rate is 32
earnstyle [38]

Answer:

The cost of preferred stock is 5.81%

Explanation:

Hi, well, the cost of a preferred stock follows this formula.

R(p) = Div/P

where:

Div: Dividend of the preferred stock

P: Price of the preferred stock

therefore, the cost of the preferred stock would be.

R(p) = 2.25/38.75 = 5.81%

Best of luck

4 0
3 years ago
A company purchased $9,100 of merchandise on June 15 with terms of 3/10, n/45. On June 20, it returned $455 of that merchandise.
elena-14-01-66 [18.8K]

Answer:

$259.35

Explanation:

The computation of the amount of cash paid is shown below:

= (Purchase value of merchandise - returned goods of merchandise - discount charges)

= ($9,100 - $455 - $259.35)

= $8,385.65

The discount charges is

= (Purchase value of merchandise - returned goods of merchandise) × discount rate

=  ($9,100 - $455) × 3%

= $259.35

We simply applied the above formula

3 0
4 years ago
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