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qaws [65]
3 years ago
6

A property is sold for $350,000. The buyer has paid $12,000 as earnest money and is obtaining a 70% loan. Based on the informati

on provided, how much additional cash will the buyer have to bring to the closing day?
Business
1 answer:
Zolol [24]3 years ago
7 0

Answer:

$93,000

Explanation:

Data provided in the question:

selling cost of the property = $350,000

Earnest money paid = $12,000

Percentage of loan obtained = 70%

Now,

The amount of loan obtained = 70% of $350,000

= $245,000

Therefore,

Amount to be paid by self

= selling cost of the property - amount of loan obtained

= $350,000 - $245,000

= $105,000

Thus,

Additional cash the buyer will have to bring to the closing day

= Amount to be paid by self - Earnest money paid

= $105,000 - $12,000

= $93,000

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Answer:

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Explanation:

Stakeholders are a group of people or individuals within a locality, whose interest is Paramount to the survival of an organization.

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4 0
3 years ago
Ginocera Inc. is a designer, manufacturer, and distributor of custom gourment kitchen knives. A new kitchen knife series called
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To start of you need to divide them all by an equal number then subtract find the common variable multiple then and then ya
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oee [108]

Answer:

45.62 days

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5 0
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Answer:

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It should be noted that A minimum acceptable rate of return for an investment decision is called the Hurdle rate of return.

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Answer:

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4 0
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