A borrower is faced with choosing between two loans. Loan A is available fof $75,000 at6 percent interest for 30 years, with 6 points to be included in closing Costs. Loan B would bemade for the same amount, but for 7 percent interest for 30 years, with 2 points to be included inthe closing costs. Both loans will be fully amortizing. a. If the loan is repaid after 20 years, which loan is the better choice?

b. If the loan is repaid after 5 years, which loan is the better choice?

c. Suppose the lender includes a prepayment penalty of 4 percent in the mortgage loan. If the loan is repaid after 5 years, which loan is the better choice

Nikolas works in a shoe store as a salesperson. a teenage boy comes in looking for comfortable sports shoes because he is going on a hike. he tells nikolas he wants shoes that have velcro straps. nikolas shows him a wide variety of velcro-strapped shoes, but the customer rejects them because they don't feel comfortable. he asks for sports shoes with laces instead. nikolas once again shows him a wide variety. the boy is once again not satisfied and asks to see the velcro-strapped shoes again. nikolas is irritated but doesn't show his annoyance. what customer service skill is nikolas showing? nikolas is a. meekness b. patience c. persistence

During 2016, nike inc., reported net income of $3,760 million. the company declared dividends of $1,022 million. the closing entry for dividends would include which of the following? select one: a. credit cash for $1,022 million b. credit dividends for $1,022 million c. debit net income for $1,022 million d. credit retained earnings for $1,022 million e. debit dividends for $1,022 million

Which of the following describes one of the ways that the demographics of an area affect the price of housing in that area? a. when more people have children, their incomes tend to be higher and the housing prices are also higher. b. older people are more likely to stay in their houses, creating a seller's market that keeps prices low. c. an area with a lower population density won't have enough construction workers to build new houses quickly. d. an area with younger people will have a higher demand for rentals and a lower demand for buying.