Answer: $106,250
Explanation: Conventional loans often require 20% down to avoid PMI ($125,000), and Nico has paid a $50,000 deposit ($625,000 x .08). Closing costs are $31,250 ($625,000 x .05).
He needs $106,250 to close ([$125,000 - $50,000] + $31,250).
Answer:
B) The Law of Demand
Explanation:
The correlation between the volume demanded, and the price of a good is explained by demand law. As per this law, price and the quantity demanded have an indirect or inverse relationship. An increase or decrease in price results in quantity demanded moving in the opposite direction.
Should the prices of a product or service increase, its demand falls.
Answer:
5%
12%
Explanation:
Unemployment rate is the fraction of the labour force that are unemployed but are actively looking for work
Types of unemployment include:
Frictional unemployment : it is the period of time a person is unemployed from the period he leaves his current job and the time he gets another job. The 300 unemployed people are frictionally unemployed
structural unemployment : it occurs as a result of changes in the economy. These changes can be as a result of changes in technology, polices or competition . Structural unemployment tends to be permanent. The 420 unemployed people are structurally unemployed
Voluntary unemployment : e.g. worker at a fast-food restaurant who quits work and attends college.
Cyclical unemployment : occurs as a result of fluctuations in the economy
Frictional unemployment = (total frictional unemployed people / total labour force ) x 100
(300 / 6000) x 100 = 5%
Total unemployment rate = (total frictional unemployed people + total structural unemployed individuals / total labour force ) x 100
[(300 + 420) / 6000] x 100 = 12%
Answer:
civil society organization
Explanation:
A civil society organisation are set up to run differently from government or businesses. Their main aim is to challenge inequities and assert their political rights to resources and recognition within their state.
They are sometimes referred to the 3rd sector after the commercial and government sectors.
They are made up of non governmental organisations, faith based organisations, charities, labour unions, and foundations
Answer: being goal oriented
Explanation: A goal oriented individual may be referred to an individual with a strong aim and focus who will give his or her very best in other to achieve or attain his intended purpose or aim. A goal oriented individual will defy obstructions capable of hindering or standing in between her and her goal. Attaining one's desire or purpose requires very strong motivation which keeps one going in the face of tribulation or temptation and a strong organizational skill useful for attaining task specific needs at a specific time.
