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SashulF [63]
3 years ago
14

Sally and Dan must pay 2 points on their new $65,000 loan. What will they have to pay at closing for the points?

Business
1 answer:
gayaneshka [121]3 years ago
8 0

Answer:

correct option is B. $1,300

Explanation:

given data

loan = $65,000

pay = 2 points

solution

As we know normally point worth = 1%

and they pay 2 point so that

2 point = 2 % = 0.02

so pay at closing for the points will be

pay closing for the points = 0.02 × loan amount .....................1

pay closing for the points = 0.02 × $65000

pay closing for the points = $1300

so correct option is B. $1,300

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Answer:

Correct option is (B)

Explanation:

Given:

Bond issue amount = $15,000,000

Market interest rate = 7.75%

Investors cannot pay interest more than $1,150,000

Choate cannot choose 6.5%, the bond will become less attractive to investors as it indicates that the bond is selling at discount.

If 7.75% interest is given that is the market interest, then interest amount would be $1,162,500 (15,000,000 × 0.0775)

Choate cannot afford to pay more than $1,150,000, so it cannot offer bonds at 7.75% or 8.1%.

The only option left is 7.65%. Interest amount would be $1,147,500 (15,000,000 × 0.0765) which is less than what the company can afford. Also, it is just marginally lesser than market interest rate of 7.75%, so bonds would still be attractive.

Choate should select 7.65%.

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3 years ago
Wait unemployment and search unemployment are both types of:
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Answer:

Option A. frictional unemployment, is the right answer.

Explanation:

Option A is correct because frictional unemployment is referred to as a situation when people change their job and remains unemployed during this period. For example, a person leaves his earlier job and starts finding a new job. It took him one month to find a new job, therefore, this period of one month during which he was unemployed and looking for a job is considered to be as the frictional unemployment.

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Answer:

immediately challenge the rule by filing a complaint with the administrative agency.

Explanation:

Since the new rule is affecting it's business by increasing cost andaking paperwork cumbersome, Al's Car Shack can file a complaint with the administrative agency stating it's case.

There is no dispute yet so there is no need to challenge the rule in court at this time.

If the administrative agency cannot settle with Al's Car Shack the case may go to court.

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In a globalized environment, work environments have become multicultural, which should be understood in the code of ethics, which when effective and aligned with organizational objectives will positively impact on motivation and organizational performance, since the organization will have the image and the positioning of a company that preserves individual values, morals and positive development practices in society.

6 0
3 years ago
In the early days of the game industry, nearly all games were developed by designers, for designers. More specifically, what age
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Learn more about the video game industry here: brainly.com/question/14468591

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