The amount paid for the discount points is $2,700
What do 3 points on the loan mean?
The 3 points mean that the borrower needs to pay 3% of the loan amount in order to enjoy a lower interest on the mortgage loan, in other words, the amount paid for the discount points is 3% of the loan amount of $90,000
amount paid for the discount=points*loan amount
loan amount=$90,000(not $120,000 which is the property purchase price)
amount paid for the discount=3%*$90,000
amount paid for the discount=$2,700
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<span>A manufacturing process is a set of methods and technologies used in the production of a good or service. The manufacturing process is extremely important because it is one of the final stages in making sure the product is put together as designed and turns out the way the company wants. If something goes wrong within the manufacturing process, the company could lose a lot of products and money. </span>
Answer:
105%.
Explanation:
Price index = (price of Market Basket of the year of interest / price of the Market Basket of the base year) × 100
Given,
Cost of basket of goods in base year = $200
Cost of basket of goods in year of interest = $210
Price index in year of interest (second year) = (210/200) × 100
= 105%
The price index in the second year is 105%.
Affordable place to live for few days
Answer:
This action will result in her safe-guiding her investment portfolio in equities. For example, in a constant dollar plan, an investor keeps a constant dollar amount of the portfolio in equity securities.<em> If the equities' market value rises, the excess is transferred to fixed-income securities.</em>
Explanation:
