subject
Business, 10.12.2021 18:30 layja9

Sharon Fox decided to buy a home in Marblehead, Massachusetts, for $275,000. Her bank requires a 30% down payment. Sue Willis, an attorney, has notified Sharon that besides the 30% down payment there will be the following additional costs: Recording of the deed $30.00
A credit and appraisal report 155.00
Preparation of appropriate documents 48.00
In addition, there will be a transfer tax of 1.8% of the purchase price and a loan origination fee of 2.5% of the mortgage amount. Assume a 30-year mortgage at a rate of 10%.
What is the initial amount of cash Sharon will need? (Do not round intermediate calculations. Round your answer to the nearest cent.)Initial amount $

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 20:30
Which of the following statements regarding the learning curve and economies of scale is accurate? answers: just as diseconomies of scale are presumed to exist if a firm gets too large, there is a corresponding increase in costs in the learning-curve model as the cumulative volume of production grows.where diseconomies of scale are presumed to exist if a firm gets too large, there is no corresponding increase in costs in the learning-curve model as the cumulative volume of production grows.where diseconomies of scale are presumed to exist if a firm gets too small, there is no corresponding increase in costs in the learning-curve model as the cumulative volume of production grows.just as diseconomies of scale are presumed to exist if a firm gets too small, there is a corresponding increase in costs in the learning-curve model as the cumulative volume of production grows.
Answers: 1
question
Business, 22.06.2019 01:30
How will firms solve the problem of an economic surplus a. decrease prices to the market equilibrium price b. decrease prices so they are below the market equilibrium price c.increase prices
Answers: 3
question
Business, 22.06.2019 06:00
List three careers that require knowledge of science. list three careers that require the use of of math. list three careers that require the use of foreign language. list three careers that require the use of good writing skills. list three careers that require the use of good computer skills.
Answers: 3
question
Business, 22.06.2019 23:50
Juniper company, inc. uses a perpetual inventory system. the company purchased $9,750 of merchandise on august 7 with terms 1/10, n/30. on august 11, it returned $1,500 worth of merchandise. on august 16, it paid the full amount due. the correct journal entry to record the payment on august 16 is:
Answers: 1
You know the right answer?
Sharon Fox decided to buy a home in Marblehead, Massachusetts, for $275,000. Her bank requires a 30%...
Questions
question
Biology, 06.10.2021 15:40
question
Mathematics, 06.10.2021 15:40
question
English, 06.10.2021 15:40
question
History, 06.10.2021 15:40
question
Social Studies, 06.10.2021 15:40
question
Social Studies, 06.10.2021 15:40
question
Mathematics, 06.10.2021 15:40
Questions on the website: 13722361