Payment of closing costs is required because it is a sign to the lending institution that the investor has every intention of making payments on time.
b.
If closing costs were paid over time, they would most likely be forgotten and never paid off.
c.
Most home buyers pay for their houses in full, and consequently pay for the closing costs in full as well.
d.
The closing costs cover titles, taxes, and realtor costs. After closing, the only monetary obligation is to the lending party.
Answer:
D BOYS
Explanation:
Closing costs are a one-time fee because they pay for necessary services when buying a property, including title searches, loan origination fees, and realtor commissions. These costs are required to be paid at close to finalize the transaction and establish trust with the lender.
Closing costs are a one-time fee because they cover a variety of services and costs required to finalize the purchase of a property. These include title searches, loan origination fees, realtor commissions, and transfer taxes. After the closing of the purchase, the buyer's only remaining obligation is to repay the loan to the lender.
The reason these costs are paid in one lump sum at close rather than spread out over time is two-fold. Firstly, many of the services provided in these costs are required to be completed before the transaction can be legally closed. Secondly, by paying these costs upfront, the buyer ensures a clear transition of ownership and helps to establish trust with the lender.
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Answer:
ADVANTAGES: Potential for better pay and working conditions for the workers
DISADVANTAGES: The employer could potentially punish the workers, restrict their pay, or even fire them. The company the workers work for will lose money. Strikes can take long periods of time.
Answer:
The amount due under quarterly compounding is higher by =$ 187.12
Explanation:
To determine the amount money by which the quarterly compunding is greater, we would compare the total sum due under the two compounding options.
This is done below:
Quarterly compounding
FV = A × (1+r)^n
PV - principal amount owed = 6,000
r- quarterly interest rate = 12%/4 = 3% per three month
n - number of quarters in 4 years = 4× 4 = 16
Loan amount due with interest after 4 years
= 6,000× (1.03)^(48) = 9628.23
Annual compounding
PV - principal amount owed = 6,000
r- annual interest rate = 12% =
n - number of years = 4
Loan amount due =6,000× (1.12)^(4) = 9,441.12
The amount due under quarterly compounding is higher by
= 9628.23 - 9,441.12
=$ 187.12
B. Unions tend to support older members because they pay more in union dues.
C. Businesses are more likely to fire older, higher-paid workers. Seniority rules protect older workers.
D. United States law forces unions to consider seniority in collective bargaining
Businesses are more likely to fire older, higher-paid workers. Seniority rules protect older workers. Thus, option C is the correct option.
Union contracts often include provisions that protect workers who have seniority, primarily because older workers tend to be more vulnerable to certain employment risks. Businesses may be inclined to lay off or terminate older, higher-paid workers to reduce costs or make way for younger, less expensive hires.
Seniority rules provide job security for workers with longer tenure, giving them priority in retention and rehiring decisions. This helps safeguard older workers from potential discrimination based on age or higher wages. By including seniority-based protections in union contracts, unions can ensure fairness, protect the rights of their members, and mitigate potential age-related employment challenges.
Thus, option C is the correct option.
Learn more about Seniority rules here:
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