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lana66690 [7]
3 years ago
5

) The real estate agent in your city advertises a house for $195,000 at 6.25 percent interest for 17 years. You are interested i

n learning more about your responsibilities if your family buys it. You learn that insurance will be $1,080 and taxes will be $1,252 per year. How much will your monthly payment be?
Business
1 answer:
Makovka662 [10]3 years ago
4 0

Answer:

The mortgage payment will be of $1,554.24

The total payment related to the house will ascend to $3,886.24

Explanation:

Mortgages payments:

PV \div \frac{1-(1+r)^{-time} }{rate} = C\\

PV 195,000

time 204 (17 years x 12 months per year)

rate 0.005208333 (0.0625 annual / 12 month per year)

195000 \div \frac{1-(1+0.0052083)^{-204} }{0.0052083} = C\\

C  $ 1,554.239

TO this payment ewe add the insurance and the taxes:

1,554.24 + 1,080 + 1,252 = 3,886.24‬

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Karen and Jay need a larger home. They have two large dogs and a baby on the way. One day in the real estate section, they see t
juin [17]

Answer: BRIDGE LOAN

Explanation: As the name says the bridge loan are the type of loans that bridge the difference between the new home of the buyer and the new mortgage in case the buyers existing home hasn't been sold yet. It is a type of short term loan, the usual time period for such kinds of loan is 2 weeks to 3 years.

In this case Karen and Jay have purchased the new house but sale of their old house is still pending thus from the above explanation we can conclude that bridge loan would be appropriate for them.

6 0
4 years ago
A broker is an agent who: A. Trades on the floor of an exchange for himself or herself. B. Offers new securities for sale to dea
Annette [7]

Answer:

Specializes in bringing buyers and sellers together.

Explanation:

A broker can be defined as an individual or a firm that acts as a middleman between the buyers and the sellers. A broker is a licensed agent that is permitted to purchase or sell stocks and other investments.

A broker carries out the role of a trusted intermediary in various financial transactions. Brokers receive their commissions through a percentage gotten from the purchase or sale of an asset or stock.

3 0
3 years ago
You do not need to see proof of cash donations made by taxpayer if you feel that the information is not unusual or questionable.
Sliva [168]

Answer:

The correct answer is letter "A": True.

Explanation:

The Internal Service Revenue (<em>IRS</em>) offers Volunteer Income Tax Assistance (<em>VITA</em>) for elderly people who do not know how to file taxes on their own. The volunteers follow a series of practices during the interview with the taxpayers to gather their taxable information accurately. The principle of Due Diligence allows volunteers to <em>ask for clarification when the taxpayer information seems unclear or inconsistent</em>. However, if the information is not unusual, there is no need to request proof of it.

8 0
3 years ago
_____ is added to refined grain products as part of the enrichment process.
zubka84 [21]
The correct answer that would best complete the given statement above would be IRON. Iron <span>is added to refined grain products as part of the enrichment process. Other options include magnesium, calcium and iodine. Enrichment process is when nutrients are being added to a food product. Hope this answer helps.</span>
6 0
4 years ago
Organizing draws heavily on a supervisor conceptual skills, but leading requires good ________ skills.
Zanzabum

Organizing draws heavily on a supervisor conceptual skills, but leading requires good communication skills. Therefore, the option D holds true.

<h3>What is the significance of communication skills?</h3>

The communication skills of an individual can be referred to or considered as the degree of skills that a person possesses when he or she is involved in communication with others.

Good communication skills are considered as ideally indispensable to be able to lead a team or a group in an organization, which is completely in contrast to the skills required under organizing.

Therefore, the option D holds true and states regarding the significance of communication skills.

Learn more about communication skills here:

brainly.com/question/8421446

#SPJ4

The question seems to be incomplete. It has been added below for better reference.

Organizing draws heavily on a supervisor conceptual skills, but leading requires good ________ skills.

A. coordination

B. Interaction

C. Both A and B

D. Communication

4 0
2 years ago
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