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
It's possible to have a positive nominal interest rate with a negative real interest rate. Therefore, it's true.
<h3>What is real interest rate?</h3>
It should be noted that the real interest rate is the interest rate that has been adjusted for inflation.
The nominal interest rate hasn't been adjusted for inflation. It's possible to observe a positive nominal interest rate together with a negative real interest rate.
Learn more about interest rates on:
brainly.com/question/25720319
Answer:
9.33%
Explanation:
Calculation to determine his annualized real rate of return on this investment
Annualized real rate of return=[($7,000-$5,000/ ($5000*3) *100] -4%
Annualized real rate of return=13.33%-4%
Annualized real rate of return = 9.33%
Therefore his annualized real rate of return on this investment will be 9.33%
Answer:
1) The cost of something is what you give up to get it
Explanation:
Manuel is giving up earning $ 12 in his job for an hour swimming. Where he also has to pay an entrance fee of $ 4 for the pool. The real cost to him for swimming an hour is: $16.