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statuscvo [17]
2 years ago
8

ABCD A building was purchased for $350,000 with a 20% down payment. If the lender charged the buyer three discount point, how mu

ch will the buyer need to cover these two items
Business
1 answer:
Genrish500 [490]2 years ago
8 0

The buyer of the building will need $424,976.87 to cover these two items.

<h3>How are the total mortgage payments determined?</h3>

The total mortgage payments can be determined using an online finance calculator as below.

<h3>Data and Calculations:</h3>

Monthly Pay = $1,180.49

House Price = $350,000.00

Loan Amount = $280,00 ($350,000 - $70,000)

Down Payment = $70,000 ($350,000 x 20%)

Interest rate = 3%

Total of 360 Mortgage Payments = $424,976.87

Total Interest = $144,976.87

Thus, the buyer of the building will need $424,976.87 to cover these two items.

Learn more about determining mortgage payments at brainly.com/question/24576997

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If the U.S. dollar appreciates, an MNC's: a. exports denominated in foreign currencies will probably increase. b. U.S. sales wil
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4 0
2 years ago
A corporation issues for cash $1,000,000 of 10%, 20-year bonds, interest payable annually, at a time when the market rate of int
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6 0
3 years ago
A couple has decided to increase their income from investments for when they retire in twenty years. Which is the best way they
algol13

Answer:

to enroll in a 401k and investing in the stock market.

Explanation:

According to my research on investment strategies, I can say that based on the information provided within the question their best options to accomplish their goal would be to enroll in a 401k and investing in the stock market. The 401K is a retirement fund that grows over years and the stock market also provides a decent ROI for your money, especially stocks like the S&P 500 which are the safest options and grow steadily over years.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0
3 years ago
Read 2 more answers
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