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Natali [406]
3 years ago
10

A buyer pays a deposit to the seller in advance before completing the transaction. which term best defines this?

Mathematics
2 answers:
vovangra [49]3 years ago
4 0

Answer:

B. Earnest money

Step-by-step explanation:

We have the statement,

'A buyer pays a deposit to the seller in advance before completing the transaction'.

'Earnest money' is 'the amount deposited by the buyer to the seller in advance, as a representation of a good faith to buy the required thing'.

Thus, we see that the statement represents 'Earnest money'.

So, option B is correct.

BigorU [14]3 years ago
4 0

Answer:

B

Step-by-step explanation:

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Jackie wants to buy a $25,000 car, but she can afford to pay only $400 per month for 5 years. If the interest rate is 8.25% comp
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Answer:

A down payment of $5,388.50  to get the principle to $19611.50  for a monthly payment of $400 for 60 months at 8.25%

Step-by-step explanation:

I used a payment calculator

I don't know how else to solve the problem.  I thought I could find the equation, but I don't think this is it, since P didn't equal 19611.50

A = P[r(1+r)n] / [(1+r)n - 1]    

if you have the correct formula follow this process

A = 400        P principle ???    r = i%/12 = 0.0825/12 =  0.006875    n= 5×12 = 60

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    = A [(1+r)n - 1]  /  [r(1+r)n]

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