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Hunter-Best [27]
3 years ago
7

A lender estimates that the closing costs on a $312,500 home loan will be $12,500. the actual closing costs were 4.25% of the lo

an amount. determine if the closing costs were higher or lower than the estimate and by what percent.
a. higher by 0.125%

b. higher by 0.25%

c. lower by 0.125%

d. lower by 0.25%
Business
2 answers:
IceJOKER [234]3 years ago
8 0
<span>The answer is B. higher by 0.25%.
</span>
Ilya [14]3 years ago
3 0

Answer:

b. higher by 0.25%

Explanation:

The closing costs were higher because:

$312,500*4,25%= $13,281

The estimated closing costs were $12,500 and the actual value was $13,281.

Also, to determine the percent by which the costs were higher, we have to calculate what percentage of the home loan were the estimated closing costs of $12,500. So,

$12,500/$312,500= 0,04*100= 4%

The estimated costs were 4% of the loan amount and the actual closing costs represent 4,25%. According to this, the actual closing costs are higher by 0,25%.

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A broker-dealer is physically located and registered in State A. The broker-dealer has an existing client in State A who is a st
mars1129 [50]

Answer:

D) The broker-dealer must be registered in State B in order to contact the client while she is in medical school in State B

Explanation:

Since the client will live in state B for an extended period of time, at least 4 years if she completes medical school, the broker-dealer must be registered in state B if he wishes to continue doing business with her.

If the client would have only gone to state B for a few months, then the broker could have still worked with her without registering in state B since the client could be considered on a vacation trip.

7 0
3 years ago
The kitchen manager at an Italian restaurant is deciding what assignments he should give to his
Delicious77 [7]

Answer:

A) David will make pizza because he has comparative advantage in making pizza.

Explanation:

Make Pizzas Serving make pizzas/serving pasta

25                     40 0,63

20                    30 0,67

6 0
3 years ago
In the Keynesian model, a $1 billion increase in autonomous consumption leads to ______ in equilibrium output.
egoroff_w [7]

Answer: A greater than $1 billion increase

Explanation: According to the Keynesian Model which says that government should increase demand to boost growth.

Keynesian believes that Government spending on infrastructure, unemployment benefits, and education will increase consumer demand. They also believe that consumer demand is the primary driving force in an economy.

4 0
3 years ago
Peter Lynchpin wants to sell you an investment contract that pays equal $22,500 amounts at the end of each of the next 20 years.
Effectus [21]

Answer:

The amount to be paid for the contract today = $220,908.32

Explanation:

<em>The amount to be paid for the contract today will be equal to the present value of the annuity of $22,500 payable for 20 years discounted at a rate of 8% per annum.</em>

Present Value = A ×( 1 - (1+r)^(-n))/r

A- 22,500, r- rate of return - 8%, n -no of years 20 years

PV = 22,500 ×( 1-(1.08)^(-20) )/ 0.08

PV = 22,500 ×9.8181

PV = $220,908.32

The amount to be paid for the contract today = $220,908.32

7 0
3 years ago
Category Billions of Dollars Consumption 200 Depreciation 20 Retained earnings 12 Gross investment 30 Imports 50 Exports 40 Net
vagabundo [1.1K]

Answer:

GDP =  280 billion

Net investment = 10 billion

National income = 270 billion

Explanation:

given data

Consumption = 200

Depreciation = 20

Retained earnings = 12

Gross investment = 30

Imports = 50

Exports = 40

Net foreign factor income = 10

Government purchases = 60

solution

we get here GDP that is express as

GDP = Consumption + Gross investment + Government purchases + Net exports     ...................1

Net exports  = ( Exports - Imports)

so put here value

GDP = 200 + 30 + 60 + 40 - 50

GDP =  280 billion

and

Net investment will be as

Net investment = Gross investment - Depreciation    ...............2

Net investment = 30 -20

Net investment = 10 billion

and

National income = GDP - Depreciation + Net foreign factor income    ............3

National income = 280 - 20 + 10  

National income = 270 billion

7 0
3 years ago
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