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Cerrena [4.2K]
3 years ago
11

A buyer purchased a new residence for $175,000. The buyer made a down payment of $15,000 and obtained a $160,000 mortgage loan.

The builder of the house paid the lender 3% of the loan balance for the first year and 2% for the second year. This represented a total savings for the buyer of $8,000. What type of mortgage arrangement is this
Business
1 answer:
Naily [24]3 years ago
3 0

Answer:

Buydown, is the right answer.

Explanation:

This is a buydown mortgage arrangement because in the buydown financing technique the buyer tries to take lower interest rates in the initial year of the loan period. Moreover, some mortgage lenders provide buydown discounts or points as part of their promotion. Secondly, the builder pays the initial payment to the mortgage institution that results in the lower buyer’s payment.

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I am so coufued "what i am going to in future, i am very good in art and math and cooking and pe?
Veseljchak [2.6K]

Answer:

you can be a artist or chef

3 0
2 years ago
Read 2 more answers
Three highly similar and competitive income-producing properties within two blocks of the subject property have sold this month.
EastWind [94]

The overall capitalization rate by direct market extraction assuming each property is equally comparable to the subject is 11.4%

Explanation:

Capitalization is the accounting of expenditures and the regular distribution of investments in fixed reserves over future years. Capitalisation, in other words, includes an expense usually documented in a temporary account and reported as an income account on a permanent basis.

Take the average of the three property capitalization rates to find the overall capitalization rate.

4 0
3 years ago
Suppose you deposit ​$2 comma 5002,500 cash into your checking account. By how much will checking deposits in the banking system
algol13

Answer:

The change in checking deposit is equal to $22,727.27.

Explanation:

An amount of $2,500 is deposited in a checking account.

The required reserve ratio is 0.11 or 11%.

A part of this deposit will go to the required reserve and the rest will be added in the checking deposit of the bank.

The change in the checking deposits will be

= \frac{1}{RR} \times amount deposited

= \frac{1}{0.11}\times \$ 2,500

= $22,727.27

3 0
3 years ago
An extended period of little or no growth in gdp, wages, and prices is a period of?
dolphi86 [110]

An extended period of little or no growth in GDP, wages, and prices is a period of stagnation.

When real economic growth is less than 2% annually it is considered stagnation. Stagnation is a prolonged period of little or no growth in an economy. This no growth economic period affects various sectors of the economy such as GDP, wages, prices etc.

Stagnation can occur as a temporary condition, such as a growth recession or temporary economic shock. Stagnation is a situation which occurs within an economy when total output is either flat, declining, or growing slowly.

Hence, stagnation in economy can occur due to a number of causes.

To learn more about stagnation were:

brainly.com/question/4323624

#SPJ4

3 0
1 year ago
Journalize the adjusting entries from the adjustments columns of the worksheet. (Credit account titles are automatically indente
Crazy boy [7]

Answer:

The following are the adjusting entries and the amounts entered are supposed and imaginary.

Explanation:

Date          Account Titles and Explanation        Debit          Credit

Mar. 31          Supplies Expense  Dr                    10,000

                          Supplies Account  Cr                                 10,000

When supplies are expensed out. If supplies have a balance of 30000 and 10000 is used up.

Mar. 31         Depreciation Expense  Dr             5000

                    Accumulated Depreciation  Cr                        5000

Depreciation expense amounts to 5000 for the current year

Mar. 31      Unearned Service Revenue Dr      3000

                         Service Revenue      Cr                         3000

Unearned Service Revenue is a liability of the person or company.

Mar 31.   Salaries and Wages Expenses  Dr      2000

                                Cash      Cr                                     2000

Slaries and wages paid in full by cash to 2000

6 0
3 years ago
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