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You are purchasing a new home and need to borrow $250,000 from a mortgage lender.The mortgage lender quotes you a rate of 6.25% APR for a 30-year fixed rate mortgage.The mortgage lender also tells you that if you are willing to pay 2 points,they can offer you a lower rate of 6.0% APR for a 30-year fixed rate mortgage.One point is equal to 1% of the loan value.So if you take the lower rate and pay the points you will need to borrow an additional $5000 to cover points you are paying the lender.
-Assuming you don't pay the points and borrow from the mortgage lender at 6.25%,then your monthly mortgage payment (with payments made at the end of the month) will be closest to:
Divide Labour
The allocation of different parts of a work process or task to different individuals in order to improve efficiency and productivity.
Intellectual Limitations
Restrictions in an individual's cognitive functioning and abilities, which may affect learning, problem-solving, and daily adaptive behaviors.
Physical Limitations
Constraints related to the physical capabilities of individuals, potentially affecting their work or daily activities.
Vertical Division
Vertical Division refers to the organizational structure that divides a company based on functions or roles, creating a hierarchy from top to bottom.
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