1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
A jet ski that previously sold for $5,599.99 has been reduced to $3,863.99. What is the markdown percent? (Round your answer to
tangare [24]

Answer:

31%

Explanation:

The current price is $3,863.99

The precious price is $5,599.99

The actual difference in price is  $5,599.99 - $3,863.99

=$ 1, 736.00

Percentage  decrease will be  actual decrease/ original price X 100

= $ 1736.00/ $5,599.99 x 100

=0.31 x 100

=31%

5 0
3 years ago
Chad competes in multiple ironman triathlons every year and trains outdoors daily. chad's been getting sunburned on his long bik
ch4aika [34]
The correct answer is "compliance influence".

 Compliance Influence refers to the influence of other individuals to follow their requests, which has been made by one's peer or other people. In this given situation, it is not about behavior or attitude, yet it is about asking for feedbacks for him to consider some changes in his routine.
5 0
3 years ago
How would recession effect the economic
Virty [35]

Answer:

Recession cause standard monetary and fiscal effects.

Explanation:

Recession impact all kinds of business, large and small,due to tightening credit conditions, slower, demand, and general fear and uncertainty.

6 0
3 years ago
BMW has developed two new print ads designed to appeal to women.One ad uses local scenes from around its South Carolina plant an
Elden [556K]

Answer:

The correct answer is letter "A": split-run testing.

Explanation:

A split-run test is useful for companies advertising their products through e-mails or print advertisements. The firm takes a sample of the target population and divides the test into two sections to measure the responsiveness of consumers to one and another promotion. The advertisement that ends up resulting in being more beneficial is sent to all the audience the institution has.

3 0
3 years ago
When an automobile manufacturer is careful to purchase only the highest-quality components for use in production, this is an exa
Kryger [21]

Answer:

The option for this question are the following:

A. Concurrent

B. Statistical

C. Inventory

D. Feedforward

The correctt answer is D. Feed forward.

Explanation:

Feedforward is the process by which feedback between company members focuses more on future possibilities. That is to say, it is not only about communicating but about doing it thinking about increasing the opportunities that the company has and will be able to have later.

The problem we had when we talked about feedback was that it focused on aspects of the past. Communication was thought of as something of the moment, without determining an intention to take it to another level. The ‘feed’ forward would come into play here.

What is intended with the feedforward is to establish links and ideas, so that teamwork makes business organization easier. Brainstorming and the sharing of solutions and aspects for the company mean that employees can aspire to a positive work future.

8 0
3 years ago
Read 2 more answers
Other questions:
  • The checkbook of Vance Company had a balance of $2,210.55. The bank statement showed a balance of $4,918.18. The bank collected
    5·1 answer
  • EX 7.13. Create an interface called Visible that includes twomethods: makeVisible and makelnvisible. Both methods should takeno
    9·1 answer
  • Suppose that the government is currently in a recession and elected officials have reached a conclusion that fiscal stimulus is
    6·1 answer
  • The global air-traffic control system and the world's major stock markets are examples of what kind of systems?
    9·1 answer
  • Companies that successfully implement customer relationship management (CRM) tend to: a. customize the goods and services offere
    7·1 answer
  • A company's pretax cost of debt:
    11·1 answer
  • Park Ridge Company is considering the replacement of a machine that is presently used in production. The following data are avai
    14·1 answer
  • I always feel like throwing up in school. I tried chewing gun and having mints, but nothing is helping. Does anyone have and sug
    11·2 answers
  • Copper alloy products shipped to manufacturers are supplied in the __________ condition when maximum strength is required.
    5·1 answer
  • In business, it is important to establish your _____ from your first day on the job
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!