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MariettaO [177]
3 years ago
6

A man is purchasing a house for $325,000. His lender requires a 20 percent down payment and 2 points at closing. The man is also

responsible for $2,000 in closing costs. What is the total amount of money he needs to close?
Business
1 answer:
Leviafan [203]3 years ago
7 0

Answer:

$73,500

Explanation:

the man needs enough money to cover:

  • down payment = $325,000 x 20% = $65,000
  • closing points = $325,000 x 2% = $6,500
  • closing costs = $2,000
  • total = $73,500

The closing points are generally paid to the mortgage lender in order to lower the mortgage's interest rate which will result in a lower monthly payment.

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Answer:

The correct answer to the following answer will be Rebating.

Explanation:

Rebating: It is a manner to get potential insurance customers to purchase the insurance product by returning their money to the broker or agent. The insurance company can even offer premium or even donation discounts. Insurance regulators do not find this to be a good exercise since unfair competition can grow and insurance insolvency can occur.

Therefore, Rebating is the correct answer.

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3 years ago
Describe about comparative cost and absolute advantages of international trade​
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Answer:

Here's what I know.

Explanation:

Comparative cost talks about the difference or similarities in cost between two or more prices of good or services.

The advantages of international trade are...

1. It creates harmony between countries.

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3 years ago
What’s an example of Opportunity Costs?
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Not being able to do something because of the time and resource and the thing you already did.
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Melanie is on a team of professionals working on an outdoor ad campaign. Her team has to make sure that the ad has maximum impac
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Option B

<u>Explanation:</u>

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The color and contrast are also one of the important element in editing the image that has been selected for an advertising poster as this would readily  catch the eyes of the target audience.

Writing a pretty long text would not help as a passerby would never wait and read all the texts. Creating a poster with an attractive image and no text would not give the idea about what the ad is.

Therefore, advertising in outdoor would be created with a catchy image and slogan or tagline.

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Answer:

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