Question

Choose the best scenario for refinancing. You have a current mortgage at 5% and have been approved for a new mortgage at 3. 75%. You’ll break even on the closing costs in two years, and you don’t plan to move for at least five. You intend to move in about nine months, but you have been approved for a mortgage with an interest rate two whole points lower than your current rate.

Answer 1

Explanation:

Enter the following transactions into richard’s checkbook register and state his ending balance: date type description amount 03/01 check #204 blue sky apartments $455. 00 03/05 dep payroll automatic deposit $390. 36 03/08 debit benny’s hamburgers and fries $9. 20 03/15 check #205 car payment $251. 59 03/19 dep payroll automatic deposit $390. 36 a. $715. 79 b. $1,009. 81 c. $780. 72 d. $880. 24.