Answer:
Down payment
In general, a larger down payment means a lower interest rate, because lenders see a lower level of risk when you have more stake in the property. ... Mortgage insurance, which protects the lender in the event a borrower stops paying their loan, adds to the overall cost of your monthly mortgage loan payment.
Step-by-step explanation:
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Answer:
6
Step-by-step explanation:
Answer: the first option is the correct answer.
Step-by-step explanation:
Let x represent the number of necklaces that he makes in a year.
Profit = Revenue - cost
The cost of making each necklace is $5. In making necklaces in a year, the fixed cost is $5000. This means that the total cost of making x necklaces in a year is
5x + 5000
Sam sells each necklace for $10 each. This means that the total amount made from selling x necklaces is $10x.
For Sam to make profit of $1000 in a year, the number of necklaces that she must sell would be
1000 = 10x - (5x + 5000)
1000 = 10x - 5x - 5000
10x - 5x = 1000 + 5000
5x = 6000
x = 6000/5
x = 1200
Answer:
5
Step-by-step explanation:
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