Home / Questions / Home loans typically involve points which are fees charged by the lender Each point charge...
Home loans typically involve “points,” which are fees charged by the lender. Each point charged means that the borrower must pay 1% of the loan amount as a fee. For example, if the loan is for $170,000 and 4 points are charged, the loan repayment schedule is calculated on a $170,000 loan but the net amount the borrower receives is only $163,200. Assume the interest rate is .75% per month. What is the effective annual interest rate charged on such a loan, assuming loan repayment occurs over 156 months? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Use a financial calculator or Excel.)
Apr 03 2020 View more View Less
find the probability and answer the questions. XSORT Gender Selection MicroSort’s XSORT gender selection technique was designed to increase the likelihood that a baby...
May 19 2021Q4. Define social movement and explain the types of social movements. (5 marks) Q5. Define power and explain the forms ...
Apr 24 2021Explain the income approach of measuring GDP with example and graph.
Apr 06 2021_____ is the marketing of two or more products for a single "package" price.
May 09 2021Application: Magnetic field of thin and thick conductors. An infinitely long thin wire is placed at the center of a hollow, infinitely long cylindrical conductor as shown...
Jun 08 2020In the first part of your strategic marketing plan, you stated your business mission and objectives, and performed a detailed SWOT analysis. In the second part of the pla...
Jul 23 2021The persons who sign articles and memorandum of the company and contribute in the initial share capital of the company are called: (A) Subscribers (B) Shareholders (C)...
Apr 11 2018A stone is thrown straight downward with a speed of 20 m/s from the top of a tall building. If the stone strikes the ground 3.0 s later, about how tall is the building? ...
May 13 2020An organic acid has pKa = 8.95. What is its Ka value?Where does the acid fit in Table of Ionization Constants for Some Acids and Their Conjugate Bases at 25°C?
Jun 13 2021Two manufacturers currently are competing for sales in two different but equally profitable product lines. In both cases the sales volume for manufacturer 2 is three time...
Aug 06 2020