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kirza4 [7]
3 years ago
10

Additional fees that are paid when finalizing a home purchase are also known as _____.

Business
2 answers:
Effectus [21]3 years ago
7 0
The answer is "closing cost", because if you're at the end of buying your house then its called a "closing cost".
melisa1 [442]3 years ago
7 0

Additional fees that are paid when finalizing a home purchase are also known as <u>"closing costs". </u>


Closing costs allude to the charges and expenses that are paid when a house buy is settled. The two purchasers and sellers pay shutting expenses to the specialist organizations who help encourage the exchange. Normally, the purchaser's expenses incorporate home loan protection, mortgage holder's protection, examination charges and property charges, while the merchant covers possession exchange expenses and pays a commission to their land operator. Purchasers frequently consult with their new home's dealer to cover a portion of their closing costs.  


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A 30-year zero coupon bond with a face value of $5,000 is currently selling for $1,156.88 and has a market rate of interest of 5
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Answer:

Price will increase by $277.58

Explanation:

Market rate of Interest of a zero coupon bond can be determined by following formula

Market Rate of Interest = [ ( F / P )^(1/30) ] - 1

4.25% = [ ( $5000 / P )^(1/30) ] - 1

0.0425 + 1 = ( $5000 / P )^1/30

( 1.0425 )^30 = (( $5000 / P )^1/30)^30

3.4856 = $5000 / P

P = $5,000 / 3.4856

P = $1,434.46

Now Calculate the change in Price

Change in price = $1,434.46 - $1,156.88 = $277.58

Price will increase by $277.58

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3 years ago
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mars1129 [50]

Answer

The answer and procedures of the exercise are attached in the following archives.

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3 years ago
Select the correct answer.
kondor19780726 [428]

Answer:

I went with c

Explanation:

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2 years ago
Read 2 more answers
The slope of the budget line is: negative, since to purchase more of one good means giving up some of the other good. zero, sinc
34kurt

Answer:

Negative, since to purchase more of one good means giving up some of the other good.

Explanation:

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The slope of the budget line shows the amount of a commodityB the consumer must forfeit to purchase one more unit of a commodity A and the slope is usually Negative.

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