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Mumz [18]
3 years ago
5

A borrower made a mortgage loan 7 years ago for $160,000 at 10.25% interest for 30 years. The loan balance is now $151,806.62 an

d rates for this amount are currently 9.0% for 23 years. Origination fees and closing costs are $4,500 and closing costs are not financed by the lender. What is the effective cost of refinancing
Business
1 answer:
Alja [10]3 years ago
7 0

Answer:

9.39%

Explanation:

Base on the scenario been described in the question, the effective cost of refinancing is 9.39%

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Doss [256]

Answer:

The answer is, wrapping up activities.

Explanation:

Adjourning stage is the last part of the team formation and continuation. This stage usually arrives after the purpose of the team is achieved. Or it could happen if the objectives are not achieved and the team decides to seperate and move on from there.

Wrapping up the team activities can include preparing the final reports, giving feedback, analysing the results, etc.

3 0
3 years ago
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Dextra Computing sells merchandise for $10,000 cash on September 30 (cost of merchandise is $8,000). Dextra collects 9% sales ta
sammy [17]

Answer:

1. Dr Cash $10,900

Cr Sales $10,000

Cr Sales Taxes Payable $900

2. Dr Cost of Goods Sold $8,000

Cr Merchandise Inventory $8,000

3. Dr Sales Taxes Payable $900

Cr Cash $900

Explanation:

1. Preparation of the journal entry to record the cash sale and 9% sales tax

Dr Cash $10,900

($10,000+$900)

Cr Sales $10,000

Cr Sales Taxes Payable $900

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(To Record the cash sale and 9% sales tax)

2. Preparation of the Journal entry to record the cost of September 30th sales

Dr Cost of Goods Sold $8,000

Cr Merchandise Inventory $8,000

(To Record the cost of September 30th sales)

Preparation of the journal entry to show Dextra sending the sales tax on this sale to the government on October 15

Dr Sales Taxes Payable $900

Cr Cash $900

($10,000*9%)

(Being the sales tax on the sale to the government on October 15)

3 0
2 years ago
“the probability of event b, given that event a has occurred” is known as a __________ probability.
bagirrra123 [75]
The probability of event B given that event A has already occurred is known as a CONDITIONAL PROBABILITY. 
Conditional probability is written mathematically as: P[B/A], where P stands for probability. 
Event A and B can be dependent or independent and this will have effect on the general formula of conditional probability, that is, the formula will change in form depending on the relationship between the two events.
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Answer: Business can positively influence how society operates. It can build and maintain social capital through its core operations; the goods and services it provides; and the activities supported through increasingly global and complex supply chains.

Explanation:

3 0
2 years ago
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egoroff_w [7]

Answer:

what is this?

Explanation:

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