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LenaWriter [7]
3 years ago
12

Mary and Larry are purchasing a house for $198,000. They are making a down payment of $20,000, and they are approved for a confo

rming loan. How much should they expect to receive in seller help if the seller agrees to contribute the maximum amount
Business
1 answer:
Amiraneli [1.4K]3 years ago
7 0

Answer:

$11,880

Explanation:

The computation of the amount that should be expected to recieve in seller is shown below:

The maximum seller contribution should be 6% for confirming the loan as the down payment is more than 10%

So, the amount should be

= $6% of $198,000

= $11,880

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2 years ago
In March, Kelly Company had the following unit production costs: materials $12 and conversion costs $8. On March 1, it had zero
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<u>                                                                                                  $66,240   </u>

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