You have been working for five years after college and are ready to buy your first home. Homes in the area you want to live in cost $550,000. The biggest mortgage you can afford is $300,000. What is the down payment you will need to pay

Answers

Answer 1

Based on the information given the down payment you will need to pay is $250,000.

Using this formula

Down payment=Building cost -Mortgages

Where:

Building Cost = $550,000

Mortgages = $300,000

Let plug in the formula

Down payment=$500,000-$300,000

Down payment=$250,000

Inconclusion the down payment you will need to pay is $250,000.

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Related Questions

Problem No. 1. "In your home, when you want to eat egg sandwich before going to school, your mother would surely prepare it for you. Your egg sandwich would not be produced without a process." 1.who would » 1. Who would be your manpower? 2. What would be your materials? 3. What machines or tools would you use? 4. What methods are needed to produce the egg sandwich? (Cooking procedures- enumerate them).

Answers

Your egg sandwich would be produced by your mother, using egg and bread as production materials. The machines or tools used could be a stove, a frying pan and a spatula.

The cooking methods needed to make the egg sandwich consist of separating the materials to be used, frying the egg, seasoning with salt and pepper, then reserving.

After you have fried the egg, you should heat the two slices of bread in the frying pan, place the egg between the slices and press it with the spatula to compress the sandwich.

This is a healthy snack that provides the protein and carbohydrates needed to give the body energy and nutrients to start the day.

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Shine-Glo is a car shampoo and wax system for car enthusiasts who want to protect their cars from the elements. What could be included as part of Shine-Glo’s promotion mix?

Answers

The options were not included. To answer the question, we need to first understand what a promotion mix is. A promotion mix refers to all the methods that are used by businesses to promote the sales of a product.

Shine-Glo described above could include Direct marketing as part of its promotion mix.

As explained above, a promotion mix involves all the methods that are used in convincing the customer to purchase the product.

Advertising, direct marketing, personal selling, sales promotion, and public relations are all ways to do this.

The company above can send messages via messages to car enthusiasts, informing them of this service that they render.

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When speaking on behalf of your team in a routine message, you might seek ______ from other team members to make sure they agree with what the message says.

Answers

Answer:

feedback

Explanation:

hope this helps :)

The process in which people seeking higher interest rates take their money out of financial institutions is called

Answers

Answer:

Explanation:

Ddss

I am confused here. Help me, tomorrow is my exam. Is tailoring a secondary activity or tertiary? Bcoz a tailor also makes suits etc and also fixes them. For example if my coat has a cut, the tailor will repair it.​

Answers

Answer:

This is soley based on a personal response no bias. ANS- TERTIARY

Tertiary is a skilled built labor job and Seconadary is a not as needed/skill required based work force such as fast food or retail work.

Explanation:

Of third rank, importance, or value chiefly British : of, relating to, or being higher education

Of, relating to, or constituting the third strongest of the three or four degrees of stress recognized by most linguists

Some recent economic research has suggested that African countries' economic growth may have been limited by __________________ .

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Government corruption has been shown by recent economic research to be cause of African countries' limited economic growth.

The limited economic growth causes unemployment, low infrastructure, low basic services etc.

Other cause of the limited growth of African country economies includes political instability, cold War, poor governance, despotism etc .

In conclusion, the Government corruption has been shown by recent economic research to be cause of African countries' limited economic growth.

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A contract in which an owner provides a user the right to use an asset in return for periodic cash payments over a period of time is called a(n)

Answers

Answer:lease

Explanation:

A contract in which an owner provides a user the right to use an asset in return for periodic cash payments over a period of time is called a(n) An annuity due payment is a recurring issuance of money upon the beginning of a period. Alternatively, an ordinary annuity payment is a recurring issuance of money at the end of a period. Contracts and business agreements outline this payment, and it is based on when the benefit is received.

What is the term used for a sequence of payments over time?

An standard annuity is a sequence of regular payments made at the end of each period, such as monthly or quarterly. In an annuity due, by difference, payments are made at the start of each period. Consistent quarterly goods dividends are one example of an ordinary annuity; monthly rent is an example of an annuity due.

What is the periodic annuity payment?

Annuities or periodic payments are payments given to a person at set intervals for a fixed period, or for life.

What is periodic payment example?

An sample of a periodic payment is a home loan or personal loan repayment. This may sound similar to a direct debit, however, direct debits are agreements made between a member and a business that allow the business to deduct agreed amounts from a designated account.

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